StockNews.com Begins Coverage on Atlantic American (NASDAQ:AAME)

StockNews.com initiated coverage on shares of Atlantic American (NASDAQ:AAME) in a research report sent to investors on Sunday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Atlantic American Stock Down 1.5 %

Shares of AAME stock opened at $1.58 on Friday. Atlantic American has a fifty-two week low of $1.49 and a fifty-two week high of $3.00. The firm’s 50 day moving average price is $1.69 and its two-hundred day moving average price is $2.16. The stock has a market cap of $32.15 million, a price-to-earnings ratio of -31.51 and a beta of 0.42.

Atlantic American (NASDAQ:AAME) last announced its quarterly earnings results on Tuesday, May 14th. The financial services provider reported ($0.12) earnings per share (EPS) for the quarter. Atlantic American had a negative net margin of 0.39% and a negative return on equity of 3.18%. The company had revenue of $47.00 million during the quarter.

Institutional Investors Weigh In On Atlantic American

An institutional investor recently bought a new position in Atlantic American stock. Investors Asset Management of Georgia Inc. GA ADV acquired a new stake in Atlantic American Co. (NASDAQ:AAME) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,000 shares of the financial services provider’s stock, valued at approximately $43,000. Investors Asset Management of Georgia Inc. GA ADV owned about 0.09% of Atlantic American at the end of the most recent reporting period. 5.48% of the stock is owned by institutional investors and hedge funds.

Atlantic American Company Profile

Atlantic American Corporation, through its subsidiaries, provides life and health, and property and casualty insurance products in the United States. It operates through American Southern and Bankers Fidelity segments. The company offers property and casualty insurance products, including commercial automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; general liability; and inland marine insurance products.