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

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

Atlantic American Trading Down 0.8 %

NASDAQ AAME opened at $1.48 on Friday. Atlantic American has a 1-year low of $1.26 and a 1-year high of $3.00. The company has a 50 day moving average of $1.59 and a 200-day moving average of $1.61. The firm has a market cap of $30.28 million, a price-to-earnings ratio of -4.24 and a beta of 0.47.

Hedge Funds Weigh In On Atlantic American

A hedge fund recently raised its stake in Atlantic American stock. Biglari Sardar increased its stake in shares of Atlantic American Co. (NASDAQ:AAME) by 17.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 188,393 shares of the financial services provider’s stock after purchasing an additional 28,633 shares during the quarter. Atlantic American comprises about 0.7% of Biglari Sardar’s portfolio, making the stock its 10th biggest position. Biglari Sardar owned 0.92% of Atlantic American worth $320,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.