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

StockNews.com assumed coverage on shares of Atlantic American (NASDAQ:AAME) in a research report report published on Wednesday. The firm issued a hold rating on the financial services provider’s stock.

Atlantic American Price Performance

Shares of AAME opened at $1.91 on Wednesday. The company has a market cap of $38.97 million, a PE ratio of -63.67 and a beta of 0.32. Atlantic American has a one year low of $1.49 and a one year high of $3.00. The stock has a 50-day moving average of $2.49 and a 200-day moving average of $2.25.

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

Atlantic American Announces Dividend

The business also recently declared an annual dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a yield of 0.78%. Atlantic American’s dividend payout ratio (DPR) is currently -66.67%.

Hedge Funds Weigh In On Atlantic American

An institutional investor recently bought a new position in Atlantic American stock. Investors Asset Management of Georgia Inc. GA ADV bought a new position in shares of Atlantic American Co. (NASDAQ:AAME) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing. 5.48% of the stock is owned by institutional investors.

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.