Atlantic American (NASDAQ:AAME) Receives New Coverage from Analysts at StockNews.com

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

Atlantic American Stock Performance

AAME opened at $1.91 on Wednesday. Atlantic American has a 52-week low of $1.49 and a 52-week high of $3.00. The firm has a market capitalization of $38.97 million, a PE ratio of -63.67 and a beta of 0.32. The business’s 50-day simple moving average is $2.49 and its 200 day simple moving average is $2.25.

Atlantic American (NASDAQ:AAME) last released its earnings results on Monday, April 1st. The financial services provider reported ($0.21) earnings per share (EPS) for the quarter. Atlantic American had a negative return on equity of 0.31% and a negative net margin of 0.09%. The company had revenue of $46.75 million for the quarter.

Atlantic American Announces Dividend

The business also recently announced an annual dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 12th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a yield of 0.78%. Atlantic American’s payout ratio is presently -66.67%.

Institutional Trading of Atlantic American

An institutional investor recently bought a new position in Atlantic American stock. Independent Advisor Alliance bought a new stake in Atlantic American Co. (NASDAQ:AAME) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 13,101 shares of the financial services provider’s stock, valued at approximately $32,000. Independent Advisor Alliance owned about 0.06% of Atlantic American at the end of the most recent quarter. Institutional investors 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 commercial automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; general liability; and inland marine insurance products.