Atlantic American (NASDAQ:AAME) Now Covered by StockNews.com

StockNews.com began coverage on shares of Atlantic American (NASDAQ:AAME) in a research note released on Wednesday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Atlantic American Stock Up 0.0 %

Shares of AAME stock opened at $1.70 on Wednesday. The firm has a market cap of $34.68 million, a PE ratio of -4.86 and a beta of 0.45. Atlantic American has a 12 month low of $1.26 and a 12 month high of $3.00. The company’s fifty day simple moving average is $1.53 and its 200-day simple moving average is $1.59.

Atlantic American (NASDAQ:AAME) last posted its quarterly earnings data on Tuesday, November 12th. The financial services provider reported ($0.04) EPS for the quarter. The business had revenue of $44.52 million for the quarter. Atlantic American had a negative return on equity of 8.17% and a negative net margin of 3.72%.

Institutional Investors Weigh In On Atlantic American

An institutional investor recently raised its position in Atlantic American stock. Biglari Sardar grew its holdings in Atlantic American Co. (NASDAQ:AAME) by 17.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 188,393 shares of the financial services provider’s stock after buying an additional 28,633 shares during the period. Atlantic American accounts for about 0.7% of Biglari Sardar’s portfolio, making the stock its 10th biggest holding. Biglari Sardar owned approximately 0.92% of Atlantic American worth $320,000 at the end of the most recent quarter. Institutional investors and hedge funds own 5.48% of the company’s stock.

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.