TheStreet Downgrades Atlantic American (AAME) to C+

Atlantic American (NASDAQ:AAME) was downgraded by TheStreet from a “b” rating to a “c+” rating in a research report issued on Thursday.

Separately, ValuEngine upgraded Atlantic American from a “hold” rating to a “buy” rating in a report on Friday, December 1st.

Atlantic American (AAME) traded up $0.05 during trading on Thursday, reaching $3.35. The company had a trading volume of 3,732 shares, compared to its average volume of 7,411. The firm has a market cap of $68.47, a price-to-earnings ratio of 23.93 and a beta of 0.43. Atlantic American has a 12-month low of $3.00 and a 12-month high of $4.20.

Atlantic American (NASDAQ:AAME) last released its quarterly earnings results on Tuesday, November 14th. The financial services provider reported $0.02 EPS for the quarter. Atlantic American had a negative return on equity of 0.28% and a net margin of 1.93%. The firm had revenue of $44.80 million for the quarter.

A hedge fund recently raised its stake in Atlantic American stock. Northern Trust Corp boosted its holdings in shares of Atlantic American Co. (NASDAQ:AAME) by 5.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,370 shares of the financial services provider’s stock after purchasing an additional 2,820 shares during the quarter. Northern Trust Corp owned approximately 0.27% of Atlantic American worth $207,000 at the end of the most recent quarter. 5.17% of the stock is owned by institutional investors and hedge funds.

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Atlantic American Company Profile

Atlantic American Corporation is a holding company that operates through its subsidiaries in specialty markets within the life and health, and property and casualty insurance industries. The Company’s principal operating subsidiaries are American Southern Insurance Company and American Safety Insurance Company (together known as American Southern) within the property and casualty insurance industry, and Bankers Fidelity Life Insurance Company and Bankers Fidelity Assurance Company (together known as Bankers Fidelity) within the life and health insurance industry.

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