Atlantic American (NASDAQ:AAME) Receives New Coverage from Analysts at StockNews.com

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

Atlantic American Price Performance

Shares of NASDAQ:AAME opened at $1.69 on Thursday. Atlantic American has a 12 month low of $1.49 and a 12 month high of $3.00. The firm has a market capitalization of $34.48 million, a PE ratio of -33.80 and a beta of 0.41. The business has a 50-day moving average of $1.77 and a two-hundred day moving average of $2.24.

Atlantic American (NASDAQ:AAME) last issued its quarterly earnings data on Tuesday, May 14th. The financial services provider reported ($0.12) earnings per share for the quarter. Atlantic American had a negative net margin of 0.39% and a negative return on equity of 3.18%. The business had revenue of $47.00 million for the quarter.

Hedge Funds Weigh In On Atlantic American

An institutional investor recently bought a new position in Atlantic American stock. Investors Asset Management of Georgia Inc. GA ADV acquired a new stake in shares of Atlantic American Co. (NASDAQ:AAME) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 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 at the end of the most recent quarter. 5.48% of the stock is currently owned by institutional investors and hedge funds.

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.