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

StockNews.com began coverage on shares of Atlantic American (NASDAQ:AAME) in a research report issued to clients and investors on Friday. The brokerage set a “hold” rating on the financial services provider’s stock.

Atlantic American Price Performance

NASDAQ AAME opened at $1.86 on Friday. The business has a 50 day moving average price of $2.33 and a 200 day moving average price of $2.26. The company has a market capitalization of $37.95 million, a P/E ratio of -62.00 and a beta of 0.43. Atlantic American has a 1-year low of $1.49 and a 1-year high of $3.00.

Atlantic American (NASDAQ:AAME) last issued its quarterly earnings data on Monday, April 1st. The financial services provider reported ($0.21) EPS for the quarter. The business 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. Investors Asset Management of Georgia Inc. GA ADV acquired a new stake in shares of Atlantic American Co. (NASDAQ:AAME) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 0.09% of Atlantic American as of its most recent SEC filing. Hedge funds and other institutional investors own 5.48% of the company’s stock.

About Atlantic American

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.