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

StockNews.com initiated coverage on shares of Atlantic American (NASDAQ:AAME) in a report published on Tuesday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Atlantic American Stock Down 0.7 %

NASDAQ AAME opened at $1.50 on Tuesday. Atlantic American has a 52 week low of $1.26 and a 52 week high of $3.00. The company has a 50 day moving average price of $1.53 and a 200 day moving average price of $1.59. The firm has a market cap of $30.60 million, a PE ratio of -4.29 and a beta of 0.45.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Atlantic American stock. Biglari Sardar lifted its position in Atlantic American Co. (NASDAQ:AAME) by 17.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 188,393 shares of the financial services provider’s stock after acquiring an additional 28,633 shares during the period. Atlantic American accounts for approximately 0.7% of Biglari Sardar’s investment portfolio, making the stock its 10th biggest holding. Biglari Sardar owned about 0.92% of Atlantic American worth $320,000 at the end of the most recent reporting period. 5.48% of the stock is 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.