Atlantic American Corporation (NASDAQ:AAME – Get Free Report) traded up 1.8% on Monday. The company traded as high as $1.21 and last traded at $1.13. Approximately 43,763 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 2,601,811 shares. The stock had previously closed at $1.11.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings downgraded Atlantic American from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, November 3rd. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Atlantic American has a consensus rating of “Sell”.
Check Out Our Latest Research Report on Atlantic American
Atlantic American Stock Performance
The firm has a market cap of $23.05 million, a PE ratio of 4.35 and a beta of 0.87. The stock’s 50 day simple moving average is $1.27 and its 200 day simple moving average is $1.93.
Hedge Funds Weigh In On Atlantic American
A hedge fund recently bought a new position in Atlantic American stock. Biglari Sardar acquired a new stake in shares of Atlantic American Corporation (NASDAQ:AAME – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 105,861 shares of the financial services provider’s stock, valued at approximately $176,788. Atlantic American makes up about 0.0% of Biglari Sardar’s holdings, making the stock its 10th largest holding. Biglari Sardar owned about 0.52% of Atlantic American as of its most recent SEC filing. Hedge funds and other institutional investors own 5.54% of the company’s stock.
About Atlantic American
Atlantic American Corporation (NASDAQ:AAME) is an insurance holding company headquartered in Atlanta, Georgia. Through its subsidiaries, the company provides property and casualty insurance, life insurance and supplemental health insurance products to individuals, businesses and organizations.
Its property and casualty operations, conducted primarily through American Southern Insurance Company and related affiliates, offer products that may include commercial automobile, general liability, workers’ compensation, surety and other specialty insurance coverages.
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