Atlantic American (NASDAQ:AAME) Research Coverage Started at StockNews.com

by · The Cerbat Gem

StockNews.com initiated coverage on shares of Atlantic American (NASDAQ:AAME – Free Report) in a research note released on Monday. The brokerage issued a hold rating on the financial services provider’s stock.

Atlantic American Price Performance

Shares of NASDAQ AAME opened at $1.65 on Monday. Atlantic American has a one year low of $1.25 and a one year high of $1.99. The business’s 50-day moving average price is $1.49 and its two-hundred day moving average price is $1.55. The company has a market capitalization of $33.74 million, a P/E ratio of -4.73 and a beta of 0.65.

Atlantic American (NASDAQ:AAME – Get Free Report) last issued its quarterly earnings data on Tuesday, March 25th. The financial services provider reported ($0.04) earnings per share for the quarter. The firm had revenue of $49.04 million during the quarter. Atlantic American had a negative return on equity of 8.17% and a negative net margin of 3.72%.

Atlantic American Announces Dividend

The firm also recently announced an annual dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th were issued a $0.02 dividend. This represents a dividend yield of 1.1%. The ex-dividend date was Wednesday, April 9th. Atlantic American’s payout ratio is currently -9.09%.

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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