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

Equities researchers at StockNews.com started coverage on shares of Atlantic American (NASDAQ:AAME) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the financial services provider’s stock.

Atlantic American Stock Down 1.8 %

Shares of Atlantic American stock opened at $1.67 on Monday. The business has a 50-day moving average price of $1.65 and a 200 day moving average price of $1.66. Atlantic American has a fifty-two week low of $1.43 and a fifty-two week high of $3.00. The firm has a market cap of $34.07 million, a P/E ratio of -4.77 and a beta of 0.46.

Institutional Trading of Atlantic American

An institutional investor recently raised its position in Atlantic American stock. Biglari Sardar raised its position in Atlantic American Co. (NASDAQ:AAME) by 17.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 188,393 shares of the financial services provider’s stock after acquiring an additional 28,633 shares during the period. Atlantic American comprises approximately 0.7% of Biglari Sardar’s holdings, making the stock its 10th largest holding. Biglari Sardar owned 0.92% of Atlantic American worth $320,000 at the end of the most recent reporting period. 5.48% of the stock is currently owned by hedge funds and other institutional investors.

About Atlantic American

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.