Atlantic American (NASDAQ:AAME) Earns Hold Rating from Analysts at StockNews.com

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

Atlantic American Price Performance

NASDAQ AAME opened at $1.52 on Friday. The firm has a market capitalization of $31.01 million, a price-to-earnings ratio of -4.34 and a beta of 0.47. The company’s fifty day moving average is $1.57 and its two-hundred day moving average is $1.59. Atlantic American has a 52-week low of $1.26 and a 52-week high of $3.00.

Institutional Trading of Atlantic American

A hedge fund recently raised its stake in Atlantic American stock. Biglari Sardar increased its holdings in shares of Atlantic American Co. (NASDAQ:AAME) by 17.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 188,393 shares of the financial services provider’s stock after acquiring an additional 28,633 shares during the period. Atlantic American comprises about 0.7% of Biglari Sardar’s investment portfolio, making the stock its 10th biggest position. Biglari Sardar owned 0.92% of Atlantic American worth $320,000 at the end of the most recent quarter. Hedge funds and other 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.