Stock analysts at StockNews.com began coverage on shares of Atlantic American (NASDAQ:AAME – Get Free Report) in a report issued on Sunday. The brokerage set a “hold” rating on the financial services provider’s stock.

Atlantic American Price Performance

Shares of AAME stock opened at $1.52 on Friday. Atlantic American has a 12-month low of $1.26 and a 12-month high of $3.00. The company has a market capitalization of $31.01 million, a P/E ratio of -4.34 and a beta of 0.47. The firm has a 50-day moving average price of $1.57 and a 200 day moving average price of $1.59.

Hedge Funds Weigh In On Atlantic American

An institutional investor recently raised its position in Atlantic American stock. Biglari Sardar boosted its position in shares of Atlantic American Co. (NASDAQ:AAME – Free Report) by 17.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 188,393 shares of the financial services provider’s stock after purchasing an additional 28,633 shares during the period. Atlantic American comprises about 0.7% of Biglari Sardar’s investment portfolio, making the stock its 10th biggest position. Biglari Sardar owned 0.92% of Atlantic American worth $320,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 5.48% of the company’s stock.

About Atlantic American

(Get Free Report)

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.

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