Atlantic American (NASDAQ:AAME) Now Covered by Analysts at StockNews.com

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

Atlantic American Trading Up 3.6 %

NASDAQ AAME opened at $1.72 on Thursday. The firm has a market capitalization of $35.09 million, a P/E ratio of -33.19 and a beta of 0.41. The firm’s fifty day moving average price is $1.78 and its two-hundred day moving average price is $2.24. Atlantic American has a 1 year low of $1.49 and a 1 year high of $3.00.

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

Hedge Funds Weigh In On Atlantic American

A hedge fund recently bought a new stake in Atlantic American stock. Independent Advisor Alliance bought a new position in shares of Atlantic American Co. (NASDAQ:AAME) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 13,101 shares of the financial services provider’s stock, valued at approximately $32,000. Independent Advisor Alliance owned 0.06% of Atlantic American at the end of the most recent quarter. 5.48% of the stock is owned by hedge funds and other 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.