Atlantic American (NASDAQ:AAME) Coverage Initiated by Analysts at StockNews.com

Posted by Eileen French on Feb 6th, 2025

StockNews.com initiated coverage on shares of Atlantic American (NASDAQ:AAME – Get Free Report) in a research report issued on Thursday. The brokerage set a “hold” rating on the financial services provider’s stock.

Atlantic American Stock Down 1.8 %

NASDAQ AAME opened at $1.67 on Thursday. Atlantic American has a twelve month low of $1.26 and a twelve month high of $3.00. The company has a market cap of $34.07 million, a price-to-earnings ratio of -4.77 and a beta of 0.47. The business’s fifty day moving average is $1.53 and its 200 day moving average is $1.59.

Atlantic American (NASDAQ:AAME – Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The financial services provider reported ($0.04) earnings per share for the quarter. Atlantic American had a negative net margin of 3.72% and a negative return on equity of 8.17%. The firm had revenue of $44.52 million for the quarter.

Institutional Investors Weigh In On Atlantic American

A hedge fund recently raised its stake in Atlantic American stock. Biglari Sardar boosted its stake in shares of Atlantic American Co. (NASDAQ:AAME – Free Report) by 17.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 188,393 shares of the financial services provider’s stock after buying an additional 28,633 shares during the quarter. Atlantic American makes up approximately 0.7% of Biglari Sardar’s portfolio, making the stock its 10th biggest position. Biglari Sardar owned 0.92% of Atlantic American worth $320,000 as of its most recent SEC filing. Institutional investors and hedge funds own 5.48% of the company’s stock.

About Atlantic American

(Get Free Report)

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.