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

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

Atlantic American Stock Up 0.7 %

Shares of AAME stock opened at $1.52 on Monday. Atlantic American has a 12-month low of $1.49 and a 12-month high of $3.00. The company has a market capitalization of $31.01 million, a P/E ratio of -30.39 and a beta of 0.42. The firm has a 50-day moving average price of $1.68 and a 200 day moving average price of $2.13.

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

Institutional Investors Weigh In On Atlantic American

A hedge fund recently bought a new stake in Atlantic American stock. Investors Asset Management of Georgia Inc. GA ADV purchased a new position in shares of Atlantic American Co. (NASDAQ:AAME) in the fourth quarter, according to its most recent Form 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 at the end of the most recent reporting period. 5.48% of the stock is currently 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.