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

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

Atlantic American Price Performance

Shares of AAME stock opened at $1.88 on Thursday. The firm has a market cap of $38.35 million, a P/E ratio of -62.65 and a beta of 0.43. The company has a 50 day moving average of $2.41 and a 200-day moving average of $2.26. Atlantic American has a 12-month low of $1.49 and a 12-month high of $3.00.

Atlantic American (NASDAQ:AAME) last released its earnings results on Monday, April 1st. The financial services provider reported ($0.21) earnings per share (EPS) for the quarter. Atlantic American had a negative return on equity of 0.31% and a negative net margin of 0.09%. The firm had revenue of $46.75 million during the quarter.

Atlantic American Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 12th were paid a dividend of $0.02 per share. This represents a dividend yield of 0.78%. The ex-dividend date was Thursday, April 11th. Atlantic American’s payout ratio is currently -66.64%.

Hedge Funds Weigh In On Atlantic American

A hedge fund recently bought a new stake in Atlantic American stock. Independent Advisor Alliance acquired a new position in Atlantic American Co. (NASDAQ:AAME) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,101 shares of the financial services provider’s stock, valued at approximately $32,000. Independent Advisor Alliance owned about 0.06% of Atlantic American 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.