Atlantic American (NASDAQ:AAME) Receives New Coverage from Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Atlantic American (NASDAQ:AAME) in a research report issued on Wednesday. The brokerage set a “hold” rating on the financial services provider’s stock.

Atlantic American Trading Down 8.9 %

Shares of NASDAQ:AAME opened at $1.73 on Wednesday. Atlantic American has a 52 week low of $1.49 and a 52 week high of $3.00. The company’s 50 day moving average is $1.83 and its two-hundred day moving average is $2.25. The company has a market cap of $35.29 million, a PE ratio of -34.59 and a beta of 0.41.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Atlantic American stock. Independent Advisor Alliance acquired a new stake in Atlantic American Co. (NASDAQ:AAME) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,101 shares of the financial services provider’s stock, valued at approximately $32,000. Independent Advisor Alliance owned approximately 0.06% of Atlantic American at the end of the most recent reporting period. 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.