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

Research analysts at StockNews.com began coverage on shares of Atlantic American (NASDAQ:AAME) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the financial services provider’s stock.

Atlantic American Stock Performance

NASDAQ AAME opened at $2.02 on Tuesday. The company has a market capitalization of $41.21 million, a P/E ratio of -67.31 and a beta of 0.32. The stock has a 50 day moving average price of $2.57 and a 200-day moving average price of $2.25. Atlantic American has a one year low of $1.49 and a one year high of $3.00.

Institutional Trading of Atlantic American

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Investors Asset Management of Georgia Inc. GA ADV purchased a new position in shares of Atlantic American during the fourth quarter valued at $43,000. BlackRock Inc. boosted its position in Atlantic American by 62.1% during the second quarter. BlackRock Inc. now owns 44,945 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 17,212 shares in the last quarter. Finally, Independent Advisor Alliance bought a new stake in Atlantic American during the fourth quarter valued at about $32,000. 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 business automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; and inland marine and general liability insurance products.