American Atlantic (NASDAQ:AAME) coverage was initiated by analysts at StockNews.com

StockNews.com has begun coverage of the stock Atlantic American (NASDAQ:AAME – Get Free Report) in a research note issued on Friday. The brokerage set a “hold” rating on the financial services provider’s stock.

Atlantic American stock performance

NASDAQ AAME opened at $1.56 on Friday. The company’s fifty day moving average is $1.59 and its two hundred day moving average is $1.98. Atlantic American has a one year low of $1.49 and a one year high of $3.00. The firm has a market cap of $31.82 million, a PE ratio of -31.20 and a beta of 0.42.

American Atlantic Institutional Trade

A hedge fund recently bought a new stake in Atlantic American stock. Independent Advisor Alliance acquired a new position in shares of Atlantic American Co. (NASDAQ:AAME – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 13,101 shares of the financial services provider’s stock, valued at approximately $32,000. Independent Advisor Alliance owned approximately 0.06% of Atlantic American as of its most recent SEC filing. 5.48% of the shares are held by hedge funds and other institutional investors.

Atlantic American Company Profile

(Get a 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 the American Southern and Bankers Fidelity segments. The company provides property and casualty insurance products, including commercial auto insurance coverage for state governments, local municipalities and other motor pools and fleets; general liability; and inland marine insurance products.

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