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

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

Atlantic American Stock Down 1.8 %

Shares of AAME stock opened at $1.65 on Friday. Atlantic American has a 52 week low of $1.49 and a 52 week high of $3.00. The stock has a market capitalization of $33.66 million, a PE ratio of -32.99 and a beta of 0.43. The firm has a 50 day moving average of $2.11 and a two-hundred day moving average of $2.26.

Atlantic American (NASDAQ:AAME) last issued 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 0.39% and a negative return on equity of 3.18%. The business had revenue of $46.75 million during the quarter.

Atlantic American Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Friday, April 26th. Stockholders of record on Friday, April 12th were issued a $0.02 dividend. The ex-dividend date was Thursday, April 11th. This represents a dividend yield of 0.78%. Atlantic American’s payout ratio is -39.99%.

Institutional Investors Weigh In On Atlantic American

A hedge fund recently bought a new stake in Atlantic American stock. Independent Advisor Alliance acquired a new stake in Atlantic American Co. (NASDAQ:AAME) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 13,101 shares of the financial services provider’s stock, valued at approximately $32,000. Independent Advisor Alliance owned approximately 0.06% of Atlantic American at the end of the most recent quarter. 5.48% of the stock is currently owned by institutional investors and hedge funds.

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.