TheStreet lowered shares of Atlantic American (NASDAQ:AAME) from a b rating to a c+ rating in a research note published on Thursday.
Separately, ValuEngine upgraded Atlantic American from a hold rating to a buy rating in a research note on Friday, December 1st.
Shares of Atlantic American (AAME) traded up $0.05 on Thursday, reaching $3.35. The company had a trading volume of 3,732 shares, compared to its average volume of 7,411. Atlantic American has a 52-week low of $3.00 and a 52-week high of $4.20. The company has a market capitalization of $68.47, a PE ratio of 23.93 and a beta of 0.43.
Atlantic American (NASDAQ:AAME) last announced its quarterly earnings data on Tuesday, November 14th. The financial services provider reported $0.02 earnings per share (EPS) for the quarter. Atlantic American had a negative return on equity of 0.28% and a net margin of 1.93%. The firm had revenue of $44.80 million for the quarter.
A hedge fund recently raised its stake in Atlantic American stock. Northern Trust Corp lifted its stake in shares of Atlantic American Co. (NASDAQ:AAME) by 5.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,370 shares of the financial services provider’s stock after purchasing an additional 2,820 shares during the quarter. Northern Trust Corp owned about 0.27% of Atlantic American worth $207,000 at the end of the most recent reporting period. 5.17% of the stock is owned by institutional investors.
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About Atlantic American
Atlantic American Corporation is a holding company that operates through its subsidiaries in specialty markets within the life and health, and property and casualty insurance industries. The Company’s principal operating subsidiaries are American Southern Insurance Company and American Safety Insurance Company (together known as American Southern) within the property and casualty insurance industry, and Bankers Fidelity Life Insurance Company and Bankers Fidelity Assurance Company (together known as Bankers Fidelity) within the life and health insurance industry.
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