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

Research analysts at StockNews.com assumed coverage on shares of Atlantic American (NASDAQ:AAME) in a research report issued on Wednesday. The firm set a “hold” rating on the financial services provider’s stock.

Atlantic American Stock Performance

Shares of AAME stock opened at $1.78 on Wednesday. Atlantic American has a 52-week low of $1.25 and a 52-week high of $2.84. The firm has a market capitalization of $36.31 million, a P/E ratio of -5.09 and a beta of 0.58. The stock has a 50 day moving average price of $1.55 and a 200 day moving average price of $1.58.

Atlantic American (NASDAQ:AAME) last issued its quarterly earnings data on Tuesday, March 25th. The financial services provider reported ($0.04) EPS for the quarter. Atlantic American had a negative return on equity of 8.17% and a negative net margin of 3.72%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Atlantic American stock. Biglari Sardar grew its position in Atlantic American Co. (NASDAQ:AAME) by 17.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 188,393 shares of the financial services provider’s stock after purchasing an additional 28,633 shares during the period. Atlantic American makes up 0.7% of Biglari Sardar’s holdings, making the stock its 10th largest position. Biglari Sardar owned approximately 0.92% of Atlantic American worth $320,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 5.48% of the company’s stock.

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.