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

Posted by Stephan Jacobs on Feb 6th, 2025

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

Atlantic American Trading Down 1.8 %

Shares of AAME opened at $1.67 on Thursday. The company has a market capitalization of $34.07 million, a PE ratio of -4.77 and a beta of 0.47. Atlantic American has a 12 month low of $1.26 and a 12 month high of $3.00. The stock’s 50-day moving average price is $1.53 and its two-hundred day moving average price is $1.59.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Atlantic American stock. Biglari Sardar grew its holdings in Atlantic American Co. (NASDAQ:AAME – Free Report) by 17.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 188,393 shares of the financial services provider’s stock after purchasing an additional 28,633 shares during the quarter. Atlantic American comprises about 0.7% of Biglari Sardar’s portfolio, making the stock its 10th biggest position. Biglari Sardar owned approximately 0.92% of Atlantic American worth $320,000 at the end of the most recent quarter. 5.48% of the stock is currently owned by institutional investors.

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. 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.