Atlantic American (NASDAQ:AAME) Coverage Initiated at StockNews.com

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

Atlantic American Price Performance

Shares of NASDAQ AAME opened at $1.62 on Friday. Atlantic American has a one year low of $1.26 and a one year high of $3.00. The business’s fifty day moving average price is $1.55 and its 200-day moving average price is $1.59. The stock has a market capitalization of $32.95 million, a PE ratio of -4.61 and a beta of 0.47.

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

Institutional Trading of Atlantic American

A hedge fund recently raised its stake in Atlantic American stock. Biglari Sardar boosted its holdings in Atlantic American Co. (NASDAQ:AAME) by 17.9% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 188,393 shares of the financial services provider’s stock after acquiring an additional 28,633 shares during the quarter. Atlantic American accounts for about 0.7% of Biglari Sardar’s investment portfolio, making the stock its 10th largest position. Biglari Sardar owned 0.92% of Atlantic American worth $320,000 as of its most recent SEC filing. 5.48% of the stock is currently owned by institutional investors.

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.