StockNews.com Initiates Coverage on Atlantic American (NASDAQ:AAME)

Posted by Anthony Miller on Apr 26th, 2024

Investment analysts at StockNews.com began coverage on shares of Atlantic American (NASDAQ:AAME – Get Free Report) in a research report issued on Wednesday. The firm set a “hold” rating on the financial services provider’s stock.

Atlantic American Trading Down 0.5 %

Shares of AAME stock opened at $1.90 on Wednesday. The business’s 50-day moving average price is $2.48 and its 200-day moving average price is $2.25. Atlantic American has a 12 month low of $1.49 and a 12 month high of $3.00. The firm has a market capitalization of $38.76 million, a price-to-earnings ratio of -63.31 and a beta of 0.32.

Atlantic American (NASDAQ:AAME – Get Free Report) 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 Trading of Atlantic American

A hedge fund recently bought a new stake in Atlantic American stock. Investors Asset Management of Georgia Inc. GA ADV acquired a new position in Atlantic American Co. (NASDAQ:AAME – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & 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 at the end of the most recent reporting period. 5.48% of the stock is currently owned by institutional investors.

About Atlantic American

(Get Free Report)

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.