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

StockNews.com started coverage on shares of Atlantic American (NASDAQ:AAME) in a research note issued to investors on Monday. The firm issued a hold rating on the financial services provider’s stock.

Atlantic American Price Performance

Atlantic American stock opened at $1.52 on Monday. The firm has a 50 day simple moving average of $1.55 and a 200-day simple moving average of $1.59. The stock has a market capitalization of $31.01 million, a PE ratio of -4.34 and a beta of 0.45. Atlantic American has a 12-month low of $1.26 and a 12-month high of $3.00.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Atlantic American stock. Biglari Sardar increased its stake in Atlantic American Co. (NASDAQ:AAME) by 17.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (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 makes up approximately 0.7% of Biglari Sardar’s investment portfolio, making the stock its 10th biggest position. Biglari Sardar owned approximately 0.92% of Atlantic American worth $320,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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.