Atlantic American (NASDAQ:AAME) Issues Earnings Results

Atlantic American (NASDAQ:AAME) posted its quarterly earnings results on Tuesday. The financial services provider reported $0.01 earnings per share (EPS) for the quarter, Zacks reports. Atlantic American had a negative net margin of 3.72% and a negative return on equity of 8.17%.

Atlantic American Stock Up 1.2%

Shares of AAME stock opened at $1.74 on Wednesday. The stock has a market cap of $35.50 million, a price-to-earnings ratio of -4.97 and a beta of 0.65. The business’s fifty day moving average is $1.51 and its 200 day moving average is $1.55. Atlantic American has a twelve month low of $1.25 and a twelve month high of $1.99.

Atlantic American Dividend Announcement

The business also recently announced an annual dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th were paid a dividend of $0.02 per share. This represents a dividend yield of 1.1%. The ex-dividend date was Wednesday, April 9th. Atlantic American’s payout ratio is -9.09%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Atlantic American in a research note on Tuesday. They issued a “hold” rating for the company.

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.