Atlantic American (NASDAQ:AAME) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Atlantic American (NASDAQ:AAME) in a research report sent to investors on Thursday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Atlantic American Price Performance

Shares of NASDAQ:AAME remained flat at $1.88 on Thursday. The company’s stock had a trading volume of 1,748 shares, compared to its average volume of 7,410. The stock has a market cap of $38.35 million, a PE ratio of -62.65 and a beta of 0.43. The company has a fifty day moving average of $2.42 and a 200-day moving average of $2.26. Atlantic American has a 12 month low of $1.49 and a 12 month high of $3.00.

Atlantic American (NASDAQ:AAME) last posted its earnings results on Monday, April 1st. The financial services provider reported ($0.21) earnings per share 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 during the quarter.

Atlantic American Dividend Announcement

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

Hedge Funds Weigh In On Atlantic American

A hedge fund recently bought a new stake in Atlantic American stock. Investors Asset Management of Georgia Inc. GA ADV bought a new position in shares of Atlantic American Co. (NASDAQ:AAME) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 18,000 shares of the financial services provider’s stock, valued at approximately $43,000. Investors Asset Management of Georgia Inc. GA ADV owned 0.09% of Atlantic American at the end of the most recent quarter. 5.48% of the stock is currently owned by institutional investors.

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.