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

Equities research analysts at StockNews.com started coverage on shares of Atlantic American (NASDAQ:AAME) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the financial services provider’s stock.

Atlantic American Stock Performance

Shares of NASDAQ AAME opened at $1.60 on Monday. The firm’s 50 day moving average price is $1.65 and its 200-day moving average price is $1.65. Atlantic American has a 52-week low of $1.43 and a 52-week high of $3.00. The company has a market cap of $32.64 million, a PE ratio of -4.57 and a beta of 0.46.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Atlantic American stock. Biglari Sardar raised its stake in shares of Atlantic American Co. (NASDAQ:AAME) by 17.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 188,393 shares of the financial services provider’s stock after acquiring an additional 28,633 shares during the period. Atlantic American makes up approximately 0.7% of Biglari Sardar’s holdings, making the stock its 10th biggest position. Biglari Sardar owned approximately 0.92% of Atlantic American worth $320,000 as of its most recent SEC filing. 5.48% of the stock is currently owned by institutional investors and hedge funds.

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.