Atlantic American (NASDAQ:AAME) Announces Quarterly Earnings Results

Atlantic American (NASDAQ:AAME) posted its earnings results on Friday. The financial services provider reported $0.06 earnings per share for the quarter, FiscalAI reports. The business had revenue of $51.27 million during the quarter.

Atlantic American Trading Down 0.9%

NASDAQ AAME opened at $1.05 on Friday. 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. The stock has a 50-day moving average of $1.32 and a 200 day moving average of $1.77.

Institutional Investors Weigh In On Atlantic American

A hedge fund recently bought a new stake in Atlantic American stock. Biglari Sardar purchased a new position in shares of Atlantic American Corporation (NASDAQ:AAME) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 105,861 shares of the financial services provider’s stock, valued at approximately $176,788. Atlantic American makes up approximately 0.0% of Biglari Sardar’s investment portfolio, making the stock its 10th biggest position. Biglari Sardar owned about 0.52% of Atlantic American as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 5.54% of the company’s stock.

Analysts Set New Price Targets

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

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.