Atlantic American (NASDAQ:AAME) Issues Earnings Results

Atlantic American (NASDAQ:AAME) posted its earnings results on Tuesday. The financial services provider reported ($0.04) EPS for the quarter, Zacks reports. The business had revenue of $49.04 million during the quarter. Atlantic American had a negative return on equity of 8.17% and a negative net margin of 3.72%.

Atlantic American Stock Down 2.8 %

NASDAQ:AAME opened at $1.73 on Thursday. The company’s 50 day moving average is $1.55 and its 200-day moving average is $1.58. The firm has a market cap of $35.29 million, a price-to-earnings ratio of -4.94 and a beta of 0.58. Atlantic American has a 12 month low of $1.25 and a 12 month high of $2.84.

Atlantic American Dividend Announcement

The business also recently announced an annual dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a yield of 1.1%. Atlantic American’s payout ratio is currently -5.71%.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Atlantic American in a report on Wednesday. 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.