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

Posted by ABMN Staff on Apr 24th, 2024

Stock analysts at StockNews.com started coverage on shares of Atlantic American (NASDAQ:AAME – Get Free Report) in a research note issued to investors on Wednesday. The brokerage 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 business has a 50 day moving average price of $2.51 and a 200 day moving average price of $2.26. The stock has a market cap of $39.17 million, a price-to-earnings ratio of -63.98 and a beta of 0.32. Atlantic American has a fifty-two week low of $1.49 and a fifty-two week high of $3.00.

Atlantic American (NASDAQ:AAME – Get Free Report) last posted its 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%.

Institutional Investors 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 – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 13,101 shares of the financial services provider’s stock, valued at approximately $32,000. Independent Advisor Alliance owned 0.06% of Atlantic American at the end of the most recent quarter. 5.48% of the stock is owned by institutional investors.

About Atlantic American

(Get Free Report)

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.