StockNews.com Begins Coverage on Atlantic American (NASDAQ:AAME)

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

Atlantic American Price Performance

AAME stock opened at $1.53 on Thursday. Atlantic American has a 12 month low of $1.25 and a 12 month high of $2.28. The firm’s 50-day moving average is $1.57 and its 200 day moving average is $1.58. The company has a market capitalization of $31.22 million, a PE ratio of -4.37 and a beta of 0.44.

Atlantic American (NASDAQ:AAME) last released its quarterly earnings data on Tuesday, March 25th. The financial services provider reported ($0.04) EPS for the quarter. The firm had revenue of $49.04 million for the quarter. Atlantic American had a negative return on equity of 8.17% and a negative net margin of 3.72%.

Atlantic American Announces Dividend

The company also recently declared an annual dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be issued a $0.02 dividend. This represents a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, April 9th. Atlantic American’s dividend payout ratio is currently -9.09%.

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.