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

StockNews.com assumed coverage on shares of Atlantic American (NASDAQ:AAME) in a research note issued to investors on Monday. The brokerage issued a hold rating on the financial services provider’s stock.

Atlantic American Trading Down 1.1 %

Atlantic American stock opened at $1.52 on Monday. The firm has a market capitalization of $31.07 million, a price-to-earnings ratio of -30.46 and a beta of 0.42. The firm’s fifty day moving average price is $1.67 and its two-hundred day moving average price is $2.12. Atlantic American has a 1-year low of $1.49 and a 1-year high of $3.00.

Atlantic American (NASDAQ:AAME) last released its quarterly earnings results on Tuesday, May 14th. The financial services provider reported ($0.12) earnings per share (EPS) for the quarter. The company had revenue of $47.00 million for the quarter. Atlantic American had a negative net margin of 0.39% and a negative return on equity of 3.18%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Atlantic American stock. Investors Asset Management of Georgia Inc. GA ADV acquired a new stake in Atlantic American Co. (NASDAQ:AAME) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 at the end of the most recent reporting period. 5.48% of the stock is currently owned by hedge funds and other institutional investors.

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.