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

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

Atlantic American Stock Up 5.6 %

Shares of AAME opened at $1.51 on Tuesday. Atlantic American has a 52-week low of $1.26 and a 52-week high of $2.88. The company has a market cap of $30.80 million, a PE ratio of -4.31 and a beta of 0.58. The business has a fifty day moving average of $1.56 and a 200 day moving average of $1.59.

Institutional Trading of Atlantic American

An institutional investor recently raised its position in Atlantic American stock. Biglari Sardar raised its holdings in shares of Atlantic American Co. (NASDAQ:AAME) by 17.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 188,393 shares of the financial services provider’s stock after purchasing an additional 28,633 shares during the quarter. Atlantic American accounts for approximately 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 as of its most recent SEC filing. Hedge funds and other institutional investors 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.