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

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

Atlantic American Stock Performance

NASDAQ AAME opened at $1.50 on Friday. The firm has a 50-day simple moving average of $1.56 and a 200 day simple moving average of $1.60. Atlantic American has a twelve month low of $1.26 and a twelve month high of $3.00. The stock has a market cap of $30.60 million, a PE ratio of -4.29 and a beta of 0.45.

Hedge Funds Weigh In On Atlantic American

A hedge fund recently raised its stake in Atlantic American stock. Biglari Sardar raised its stake in shares of Atlantic American Co. (NASDAQ:AAME) by 17.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 188,393 shares of the financial services provider’s stock after acquiring an additional 28,633 shares during the quarter. Atlantic American makes up 0.7% of Biglari Sardar’s portfolio, making the stock its 10th largest holding. Biglari Sardar owned about 0.92% of Atlantic American worth $320,000 as of its most recent filing with the SEC. 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.