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

Stock analysts at StockNews.com started coverage on shares of Atlantic American (NASDAQ:AAME) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the financial services provider’s stock.

Atlantic American Stock Down 0.8 %

NASDAQ AAME opened at $1.49 on Tuesday. Atlantic American has a 52 week low of $1.26 and a 52 week high of $3.00. The firm has a market capitalization of $30.40 million, a P/E ratio of -4.26 and a beta of 0.45. The company has a 50-day moving average price of $1.54 and a 200-day moving average price of $1.59.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Atlantic American stock. Biglari Sardar grew its position 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 and Exchange Commission (SEC). The firm owned 188,393 shares of the financial services provider’s stock after purchasing an additional 28,633 shares during the quarter. Atlantic American makes up about 0.7% of Biglari Sardar’s investment portfolio, making the stock its 10th largest holding. Biglari Sardar owned approximately 0.92% of Atlantic American worth $320,000 at the end of the most recent reporting period. Institutional investors own 5.48% of the company’s stock.

About Atlantic American

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.