Atlantic American (NASDAQ:AAME) Earns Hold Rating from Analysts at StockNews.com

Stock analysts at StockNews.com began coverage on shares of Atlantic American (NASDAQ:AAME) in a research note issued on Thursday. The firm set a “hold” rating on the financial services provider’s stock.

Atlantic American Price Performance

AAME stock opened at $1.88 on Thursday. The business has a 50-day moving average price of $2.44 and a 200 day moving average price of $2.26. The company has a market capitalization of $38.35 million, a P/E ratio of -62.64 and a beta of 0.32. Atlantic American has a 1-year low of $1.49 and a 1-year high of $3.00.

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

Hedge Funds Weigh In On Atlantic American

An institutional investor recently bought a new position in Atlantic American stock. Independent Advisor Alliance bought a new position in Atlantic American Co. (NASDAQ:AAME) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 Securities and Exchange Commission (SEC). 5.48% of the stock is owned by institutional investors and hedge funds.

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 commercial automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; general liability; and inland marine insurance products.