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

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

Separately, TheStreet lowered shares of Atlantic American from a “c” rating to a “d+” rating in a research note on Wednesday, July 5th.

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Atlantic American Price Performance

NASDAQ:AAME opened at $1.86 on Wednesday. Atlantic American has a one year low of $1.80 and a one year high of $3.20. The company’s 50-day simple moving average is $2.09 and its 200 day simple moving average is $2.31. The firm has a market capitalization of $37.86 million, a P/E ratio of -11.59 and a beta of 0.28.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Atlantic American stock. Biglari Sardar grew its holdings in Atlantic American Co. (NASDAQ:AAME – Free Report) by 65.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,249 shares of the financial services provider’s stock after acquiring an additional 11,148 shares during the period. Atlantic American accounts for 0.3% of Biglari Sardar’s portfolio, making the stock its 8th largest holding. Biglari Sardar owned 0.14% of Atlantic American worth $69,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 5.45% of the company’s stock.

Atlantic American Company Profile

(Get Free Report)

Atlantic American Corporation, through its subsidiaries, provides life and health, and property and casualty insurance products in the United States. The company operates through American Southern and Bankers Fidelity segments. It offers property and casualty insurance products, including business automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; and inland marine and general liability insurance products.

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