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

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

Atlantic American Stock Performance

AAME stock opened at $1.47 on Tuesday. The company has a market capitalization of $29.99 million, a PE ratio of -4.20 and a beta of 0.58. Atlantic American has a one year low of $1.26 and a one year high of $2.88. The company’s 50 day moving average price is $1.55 and its two-hundred day moving average price is $1.58.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Atlantic American stock. Biglari Sardar grew its holdings in shares of Atlantic American Co. (NASDAQ:AAME) by 17.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 188,393 shares of the financial services provider’s stock after acquiring an additional 28,633 shares during the quarter. Atlantic American accounts for approximately 0.7% of Biglari Sardar’s holdings, making the stock its 10th biggest holding. Biglari Sardar owned approximately 0.92% of Atlantic American worth $320,000 at the end of the most recent quarter. 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.