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

StockNews.com initiated coverage on shares of Atlantic American (NASDAQ:AAME) in a research report sent to investors on Wednesday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Atlantic American Stock Performance

Shares of NASDAQ AAME opened at $1.72 on Wednesday. Atlantic American has a 52-week low of $1.25 and a 52-week high of $2.84. The firm has a market capitalization of $35.09 million, a price-to-earnings ratio of -4.91 and a beta of 0.58. The stock has a 50 day moving average price of $1.56 and a 200 day moving average price of $1.58.

Atlantic American (NASDAQ:AAME) last posted its quarterly earnings results on Tuesday, March 25th. The financial services provider reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $49.04 million for the quarter. Atlantic American had a negative return on equity of 8.17% and a negative net margin of 3.72%.

Atlantic American Dividend Announcement

The firm also recently declared an annual dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be given a $0.02 dividend. The ex-dividend date is Wednesday, April 9th. This represents a dividend yield of 1.1%. Atlantic American’s payout ratio is presently -9.09%.

Institutional Trading of Atlantic American

An institutional investor recently raised its position in Atlantic American stock. Biglari Sardar lifted its holdings in Atlantic American Co. (NASDAQ:AAME) by 17.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,393 shares of the financial services provider’s stock after purchasing an additional 28,633 shares during the quarter. Atlantic American comprises about 0.7% of Biglari Sardar’s portfolio, making the stock its 10th biggest position. Biglari Sardar owned approximately 0.92% of Atlantic American worth $320,000 at the end of the most recent quarter. 5.48% of the stock is 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.