Atlantic American Co. (NASDAQ:AAME – Get Rating)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.89 and traded as low as $2.80. Atlantic American shares last traded at $3.01, with a volume of 39,266 shares trading hands.
Separately, StockNews.com assumed coverage on shares of Atlantic American in a research report on Wednesday. They set a “hold” rating on the stock.
The stock’s 50-day moving average is $2.98 and its 200-day moving average is $2.89. The company has a market cap of $61.42 million, a price-to-earnings ratio of 8.85 and a beta of 0.17.
Atlantic American (NASDAQ:AAME – Get Rating) last announced its quarterly earnings results on Wednesday, May 11th. The financial services provider reported $0.07 EPS for the quarter. The business had revenue of $51.61 million during the quarter. Atlantic American had a net margin of 3.74% and a return on equity of 2.16%.
The firm also recently declared an annual dividend, which was paid on Wednesday, April 27th. Shareholders of record on Wednesday, April 13th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Tuesday, April 12th. This represents a yield of 0.7%. Atlantic American’s dividend payout ratio (DPR) is presently 5.88%.
In other Atlantic American news, insider Harriett J. Robinson purchased 1,363,809 shares of the firm’s stock in a transaction on Thursday, March 31st. The stock was acquired at an average price of $4.00 per share, for a total transaction of $5,455,236.00. Following the purchase, the insider now owns 830,259 shares of the company’s stock, valued at approximately $3,321,036. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 80.01% of the company’s stock.
A hedge fund recently bought a new stake in Atlantic American stock. HB Wealth Management LLC bought a new position in Atlantic American Co. (NASDAQ:AAME – Get Rating) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 10,000 shares of the financial services provider’s stock, valued at approximately $25,000. Institutional investors own 5.43% of the company’s stock.
About Atlantic American (NASDAQ:AAME)
Atlantic American Corporation, through its subsidiaries, provides life and health, and property and casualty insurance products in the United States. The company operates through American Southern and Bankers Fidelity segments. It offers property and casualty insurance products, including business automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; and inland marine and general liability insurance products.
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