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

Posted by Scott Moore on Jan 23rd, 2025

Analysts at StockNews.com initiated coverage on shares of Atlantic American (NASDAQ:AAME – Get Free Report) in a research note issued on Tuesday. The brokerage set a “hold” rating on the financial services provider’s stock.

Atlantic American Price Performance

Shares of NASDAQ:AAME opened at $1.51 on Tuesday. The business’s 50-day moving average is $1.53 and its 200 day moving average is $1.59. Atlantic American has a 1 year low of $1.26 and a 1 year high of $3.00. The firm has a market capitalization of $30.80 million, a P/E ratio of -4.31 and a beta of 0.45.

Atlantic American (NASDAQ:AAME – Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The financial services provider reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $44.52 million for the quarter. Atlantic American had a negative net margin of 3.72% and a negative return on equity of 8.17%.

Institutional Investors Weigh In On Atlantic American

An institutional investor recently raised its position in Atlantic American stock. Biglari Sardar boosted its position in shares of Atlantic American Co. (NASDAQ:AAME – Free Report) by 17.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 188,393 shares of the financial services provider’s stock after acquiring an additional 28,633 shares during the quarter. Atlantic American comprises about 0.7% of Biglari Sardar’s portfolio, making the stock its 10th largest position. Biglari Sardar owned about 0.92% of Atlantic American worth $320,000 at the end of the most recent reporting period. 5.48% of the stock is currently owned by institutional investors and hedge funds.

About Atlantic American

(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.