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

StockNews.com initiated coverage on shares of Atlantic American (NASDAQ:AAME) in a research note released on Monday morning. The firm issued a hold rating on the financial services provider’s stock.

Atlantic American Stock Up 3.0 %

Shares of NASDAQ AAME opened at $1.53 on Monday. Atlantic American has a 52-week low of $1.26 and a 52-week high of $3.00. The business’s 50 day moving average is $1.55 and its two-hundred day moving average is $1.59. The firm has a market cap of $31.21 million, a price-to-earnings ratio of -4.37 and a beta of 0.45.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Atlantic American stock. Biglari Sardar increased its holdings in shares of Atlantic American Co. (NASDAQ:AAME) by 17.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 188,393 shares of the financial services provider’s stock after purchasing an additional 28,633 shares during the quarter. Atlantic American makes up approximately 0.7% of Biglari Sardar’s portfolio, making the stock its 10th biggest position. Biglari Sardar owned approximately 0.92% of Atlantic American worth $320,000 as of its most recent SEC filing. 5.48% of the stock is owned by institutional investors.

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.