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

Analysts at StockNews.com initiated coverage on shares of Atlantic American (NASDAQ:AAME) in a report issued on Wednesday. The firm set a “hold” rating on the financial services provider’s stock.

Atlantic American Stock Down 2.0 %

AAME stock opened at $1.92 on Wednesday. The company has a market cap of $39.17 million, a P/E ratio of -63.98 and a beta of 0.32. 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 $2.51 and a 200-day moving average of $2.26.

Atlantic American (NASDAQ:AAME) last announced its quarterly earnings results on Monday, April 1st. The financial services provider reported ($0.21) earnings per share (EPS) for the quarter. Atlantic American had a negative return on equity of 0.31% and a negative net margin of 0.09%. The business had revenue of $46.75 million during the quarter.

Hedge Funds Weigh In On Atlantic American

A hedge fund recently bought a new stake in Atlantic American stock. Independent Advisor Alliance bought a new stake in Atlantic American Co. (NASDAQ:AAME) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 13,101 shares of the financial services provider’s stock, valued at approximately $32,000. Independent Advisor Alliance owned approximately 0.06% of Atlantic American as of its most recent filing with the SEC. 5.48% of the stock is currently owned by institutional investors.

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.