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

StockNews.com initiated coverage on shares of Atlantic American (NASDAQ:AAME) in a research note published on Monday morning. The firm issued a hold rating on the financial services provider’s stock.

Atlantic American Stock Performance

Shares of AAME stock opened at $2.17 on Monday. Atlantic American has a 52-week low of $1.49 and a 52-week high of $3.00. The stock has a market cap of $44.27 million, a price-to-earnings ratio of -72.31 and a beta of 0.32. The firm has a fifty day moving average of $2.63 and a 200-day moving average of $2.24.

Atlantic American Dividend Announcement

The company also recently announced an annual dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 12th will be given a dividend of $0.02 per share. This represents a dividend yield of 0.78%. The ex-dividend date is Thursday, April 11th. Atlantic American’s dividend payout ratio (DPR) is currently -66.64%.

Institutional Investors Weigh In On Atlantic American

A number of hedge funds have recently made changes to their positions in the company. Independent Advisor Alliance bought a new stake in Atlantic American during the 4th quarter worth about $32,000. Investors Asset Management of Georgia Inc. GA ADV bought a new stake in Atlantic American during the 4th quarter worth about $43,000. Biglari Sardar grew its holdings in Atlantic American by 321.9% during the 2nd quarter. Biglari Sardar now owns 119,171 shares of the financial services provider’s stock worth $230,000 after acquiring an additional 90,922 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in Atlantic American by 62.1% during the 2nd quarter. BlackRock Inc. now owns 44,945 shares of the financial services provider’s stock worth $87,000 after acquiring an additional 17,212 shares during the last quarter. Institutional investors and hedge funds own 5.48% of the company’s stock.

Atlantic American Company Profile

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 business automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; and inland marine and general liability insurance products.