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

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

Atlantic American Stock Performance

Shares of AAME opened at $1.65 on Monday. The business has a 50-day moving average of $1.65 and a 200 day moving average of $1.65. Atlantic American has a fifty-two week low of $1.43 and a fifty-two week high of $3.00. The firm has a market cap of $33.66 million, a P/E ratio of -4.71 and a beta of 0.46.

Institutional Investors Weigh In On Atlantic American

A hedge fund recently raised its stake in Atlantic American stock. Biglari Sardar increased its position in Atlantic American Co. (NASDAQ:AAME) by 17.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 188,393 shares of the financial services provider’s stock after acquiring an additional 28,633 shares during the quarter. Atlantic American comprises 0.7% of Biglari Sardar’s investment portfolio, making the stock its 10th largest holding. Biglari Sardar owned approximately 0.92% of Atlantic American worth $320,000 at the end of the most recent quarter. Institutional investors and hedge funds own 5.48% of the company’s stock.

About Atlantic American

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.