Atlantic American (NASDAQ:AAME) Posts Quarterly Earnings Results

Atlantic American (NASDAQ:AAME) issued its earnings results on Friday. The financial services provider reported $0.06 EPS for the quarter, FiscalAI reports. The firm had revenue of $51.27 million during the quarter.

Atlantic American Stock Down 0.9%

Shares of AAME stock traded down $0.01 during mid-day trading on Friday, reaching $1.05. 83,497 shares of the stock traded hands, compared to its average volume of 16,105. The company has a market cap of $21.42 million, a price-to-earnings ratio of 4.77 and a beta of 0.82. The stock’s fifty day simple moving average is $1.32 and its two-hundred day simple moving average is $1.77. Atlantic American has a 1-year low of $1.03 and a 1-year high of $3.24.

Hedge Funds Weigh In On Atlantic American

An institutional investor recently bought a new position in Atlantic American stock. Biglari Sardar purchased a new position in shares of Atlantic American Corporation (NASDAQ:AAME) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 105,861 shares of the financial services provider’s stock, valued at approximately $176,788. Atlantic American accounts for 0.0% of Biglari Sardar’s investment portfolio, making the stock its 10th largest holding. Biglari Sardar owned 0.52% of Atlantic American as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 5.54% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Atlantic American in a report on Friday, October 2nd. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Atlantic American presently has a consensus rating of “Sell”.

Atlantic American Company Profile

Atlantic American Corporation (NASDAQ:AAME) is an insurance holding company headquartered in Atlanta, Georgia. Through its operating subsidiaries, the company provides property and casualty insurance as well as life and supplemental health insurance products to individuals, businesses and organizations.

Its property and casualty operations, conducted primarily through American Southern Insurance Company and related affiliates, focus on commercial insurance products such as commercial automobile, general liability, workers’ compensation and other specialty coverages.