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

Posted by Scott Moore on Aug 9th, 2024

StockNews.com started coverage on shares of Atlantic American (NASDAQ:AAME – Free Report) in a research report sent to investors on Tuesday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Atlantic American Trading Down 3.2 %

AAME opened at $1.52 on Tuesday. Atlantic American has a twelve month low of $1.49 and a twelve month high of $3.00. The firm has a market cap of $31.01 million, a price-to-earnings ratio of -30.40 and a beta of 0.42. The company has a fifty day simple moving average of $1.66 and a 200 day simple moving average of $2.08.

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

Hedge Funds Weigh In On Atlantic American

An institutional investor recently bought a new position in Atlantic American stock. Investors Asset Management of Georgia Inc. GA ADV bought a new position in Atlantic American Co. (NASDAQ:AAME – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 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 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 5.48% of the company’s stock.

Atlantic American Company Profile

(Get Free Report)

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.