Atlantic American Corporation (NASDAQ:AAME – Get Free Report) shares passed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $1.88 and traded as low as $1.29. Atlantic American shares last traded at $1.31, with a volume of 10,029 shares traded.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings lowered Atlantic American from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, July 7th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Atlantic American currently has an average rating of “Sell”.
Get Our Latest Report on Atlantic American
Atlantic American Trading Down 2.3%
Institutional Investors Weigh In On Atlantic American
A hedge fund recently bought a new position in Atlantic American stock. Biglari Sardar bought a new stake in shares of Atlantic American Corporation (NASDAQ:AAME – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 105,861 shares of the financial services provider’s stock, valued at approximately $176,788. Atlantic American accounts for approximately 0.0% of Biglari Sardar’s holdings, making the stock its 10th largest position. Biglari Sardar owned approximately 0.52% of Atlantic American as of its most recent SEC filing. Institutional investors and hedge funds own 5.54% of the company’s stock.
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 include American Southern Insurance Company and related insurance businesses. These operations focus on specialty commercial coverage, including surety bonds, commercial automobile and general liability insurance, workers’ compensation, and other products for public and private-sector customers.
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