Atlantic American (NASDAQ:AAME) Releases Quarterly Earnings Results

Atlantic American (NASDAQ:AAME) issued its quarterly 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 Performance

NASDAQ AAME traded down $0.01 during trading hours on Friday, hitting $1.05. 7,451 shares of the company traded hands, compared to its average volume of 29,248. The business’s 50-day moving average is $1.33 and its 200-day moving average is $1.77. The stock has a market capitalization of $21.42 million, a price-to-earnings ratio of 4.77 and a beta of 0.82. Atlantic American has a twelve month low of $1.03 and a twelve month high of $3.24.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Atlantic American in a research note on Friday, October 2nd. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, Atlantic American currently has an average rating of “Sell”.

Institutional Investors Weigh In On Atlantic American

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

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.