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

StockNews.com assumed coverage on shares of Atlantic American (NASDAQ:AAMEFree Report) in a report issued on Monday. The brokerage issued a hold rating on the financial services provider’s stock.

Separately, TheStreet upgraded Atlantic American from a d+ rating to a c rating in a research note on Wednesday, November 22nd.

View Our Latest Analysis on AAME

Atlantic American Stock Performance

Shares of NASDAQ:AAME opened at $2.43 on Monday. Atlantic American has a fifty-two week low of $1.49 and a fifty-two week high of $2.75. The business has a 50-day simple moving average of $2.36 and a two-hundred day simple moving average of $2.04. The firm has a market cap of $49.57 million, a price-to-earnings ratio of 18.69 and a beta of 0.33.

Atlantic American (NASDAQ:AAMEGet Free Report) last issued its earnings results on Monday, November 13th. The financial services provider reported $0.08 earnings per share for the quarter. The business had revenue of $44.59 million during the quarter. Atlantic American had a return on equity of 7.28% and a net margin of 1.67%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Independent Advisor Alliance bought a new position in shares of Atlantic American during the 4th quarter valued at approximately $32,000. BlackRock Inc. lifted its holdings in Atlantic American by 62.1% in the 2nd quarter. BlackRock Inc. now owns 44,945 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 17,212 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV purchased a new position in Atlantic American in the 4th quarter worth approximately $43,000. Finally, Biglari Sardar lifted its holdings in Atlantic American by 321.9% in the 2nd quarter. Biglari Sardar now owns 119,171 shares of the financial services provider’s stock worth $230,000 after purchasing an additional 90,922 shares in the last quarter. 5.67% of the stock is currently 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 business automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; and inland marine and general liability insurance products.

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