Atlantic American (NASDAQ:AAME) Now Covered by StockNews.com

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

Atlantic American Stock Performance

AAME stock opened at $1.88 on Thursday. The company has a market capitalization of $38.35 million, a price-to-earnings ratio of -62.65 and a beta of 0.43. Atlantic American has a fifty-two week low of $1.49 and a fifty-two week high of $3.00. The stock has a fifty day moving average of $2.42 and a 200-day moving average of $2.26.

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

Institutional Trading of Atlantic American

A hedge fund recently bought a new stake in Atlantic American stock. Investors Asset Management of Georgia Inc. GA ADV purchased a new position in shares of Atlantic American Co. (NASDAQ:AAME) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 18,000 shares of the financial services provider’s stock, valued at approximately $43,000. Investors Asset Management of Georgia Inc. GA ADV owned about 0.09% of Atlantic American at the end of the most recent reporting period. 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.