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

Investment analysts at StockNews.com started coverage on shares of Atlantic American (NASDAQ:AAME – Get Rating) in a report issued on Tuesday. The firm set a “hold” rating on the financial services provider’s stock.

Atlantic American Stock Up 2.4 %

Atlantic American stock opened at $2.56 on Tuesday. Atlantic American has a 52 week low of $2.10 and a 52 week high of $3.79. The business has a 50-day simple moving average of $2.62 and a 200 day simple moving average of $2.82. The stock has a market cap of $52.14 million, a price-to-earnings ratio of 21.34 and a beta of 0.35.

Atlantic American (NASDAQ:AAME – Get Rating) last posted its earnings results on Tuesday, November 8th. The financial services provider reported ($0.04) EPS for the quarter. Atlantic American had a return on equity of 5.32% and a net margin of 1.63%. The business had revenue of $46.34 million for the quarter.

Hedge Funds Weigh In On Atlantic American

An institutional investor recently raised its position in Atlantic American stock. Foster Victor Wealth Advisors LLC lifted its position in Atlantic American Co. (NASDAQ:AAME – Get Rating) by 17.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,000 shares of the financial services provider’s stock after purchasing an additional 6,500 shares during the quarter. Foster Victor Wealth Advisors LLC owned 0.22% of Atlantic American worth $125,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 5.50% of the company’s stock.

About Atlantic American

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Atlantic American Corp. is an insurance holding company, which engages in the life, health, and property and casualty insurance industries. It operates through the following segments: American Southern, Bankers Fidelity, and Corporate & Other. The American Southern segment operates in the property and casualty insurance market.