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

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

Atlantic American Stock Performance

NASDAQ:AAME opened at $1.88 on Thursday. Atlantic American has a 12-month low of $1.49 and a 12-month high of $3.00. The stock has a 50-day moving average price of $2.42 and a 200 day moving average price of $2.26. The stock has a market capitalization of $38.35 million, a P/E ratio of -62.65 and a beta of 0.43.

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

Institutional Investors 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 acquired a new stake in Atlantic American Co. (NASDAQ:AAME) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 18,000 shares of the financial services provider’s stock, valued at approximately $43,000. Investors Asset Management of Georgia Inc. GA ADV owned about 0.09% of Atlantic American at the end of the most recent reporting period. Institutional investors own 5.48% of the company’s stock.

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.