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

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

Atlantic American Price Performance

AAME opened at $1.50 on Thursday. The business has a 50 day simple moving average of $1.62 and a 200-day simple moving average of $1.63. Atlantic American has a 12 month low of $1.26 and a 12 month high of $3.00. The stock has a market capitalization of $30.60 million, a P/E ratio of -4.29 and a beta of 0.47.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Atlantic American stock. Biglari Sardar lifted its position in shares of Atlantic American Co. (NASDAQ:AAME) by 17.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 188,393 shares of the financial services provider’s stock after buying an additional 28,633 shares during the quarter. Atlantic American makes up about 0.7% of Biglari Sardar’s holdings, making the stock its 10th largest position. Biglari Sardar owned about 0.92% of Atlantic American worth $320,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 5.48% of the company’s stock.

Atlantic American Company Profile

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.