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

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

Atlantic American Trading Down 1.6 %

AAME opened at $1.87 on Wednesday. Atlantic American has a 1-year low of $1.49 and a 1-year high of $3.00. The company has a market cap of $38.15 million, a P/E ratio of -62.31 and a beta of 0.32. The company has a fifty day moving average price of $2.47 and a two-hundred day moving average price of $2.25.

Atlantic American (NASDAQ:AAME) last posted its quarterly earnings results on Monday, April 1st. The financial services provider reported ($0.21) earnings per share for the quarter. Atlantic American had a negative net margin of 0.09% and a negative return on equity of 0.31%. The company had revenue of $46.75 million during the quarter.

Atlantic American Announces Dividend

The company also recently declared an annual dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 12th were issued a dividend of $0.02 per share. This represents a yield of 0.78%. The ex-dividend date of this dividend was Thursday, April 11th. Atlantic American’s dividend payout ratio (DPR) is presently -66.64%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Atlantic American stock. Investors Asset Management of Georgia Inc. GA ADV purchased a new position in shares of Atlantic American Co. (NASDAQ:AAME) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 18,000 shares of the financial services provider’s stock, valued at approximately $43,000. Investors Asset Management of Georgia Inc. GA ADV owned about 0.09% of Atlantic American as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds 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.