Atlantic American Co. (NASDAQ:AAME – Get Free Report) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.26 and traded as low as $1.78. Atlantic American shares last traded at $1.86, with a volume of 6,863 shares changing hands.
Analyst Ratings Changes
Separately, StockNews.com assumed coverage on shares of Atlantic American in a report on Friday. They issued a “hold” rating on the stock.
Check Out Our Latest Report on AAME
Atlantic American Stock Up 1.6 %
Atlantic American (NASDAQ:AAME – Get Free Report) last issued its quarterly earnings results on Monday, April 1st. The financial services provider reported ($0.21) earnings per share for the quarter. The business 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%.
Atlantic American Dividend Announcement
The firm also recently announced an annual dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 12th were given a dividend of $0.02 per share. This represents a dividend yield of 0.78%. The ex-dividend date of this dividend was Thursday, April 11th. Atlantic American’s dividend payout ratio is currently -66.67%.
Hedge Funds Weigh In On Atlantic American
A hedge fund recently bought a new stake in Atlantic American stock. Investors Asset Management of Georgia Inc. GA ADV bought a new position in Atlantic American Co. (NASDAQ:AAME – Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 18,000 shares of the financial services provider’s stock, valued at approximately $43,000. Investors Asset Management of Georgia Inc. GA ADV owned approximately 0.09% of Atlantic American at the end of the most recent quarter. Institutional investors 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.
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