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

Stock analysts at StockNews.com started coverage on shares of Atlantic American (NASDAQ:AAME) in a note issued to investors on Sunday. The firm set a “hold” rating on the financial services provider’s stock.

Atlantic American Stock Up 1.8 %

Atlantic American stock opened at $1.69 on Friday. The firm has a market cap of $34.48 million, a P/E ratio of -33.79 and a beta of 0.44. Atlantic American has a twelve month low of $1.49 and a twelve month high of $3.00. The business has a fifty day moving average of $1.59 and a two-hundred day moving average of $1.89.

Atlantic American (NASDAQ:AAME) last announced its quarterly earnings data on Wednesday, August 14th. The financial services provider reported ($0.06) earnings per share for the quarter. Atlantic American had a negative net margin of 1.69% and a negative return on equity of 5.89%. The firm had revenue of $47.67 million during the quarter.

Hedge Funds Weigh In On Atlantic American

An institutional investor recently bought a new position in Atlantic American stock. Independent Advisor Alliance purchased a new position in Atlantic American Co. (NASDAQ:AAME) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 13,101 shares of the financial services provider’s stock, valued at approximately $32,000. Independent Advisor Alliance owned about 0.06% of Atlantic American as of its most recent SEC filing. 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.