Atlantic American Corporation (NASDAQ:AAME) Short Interest Update

Atlantic American Corporation (NASDAQ:AAME) was the recipient of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 2,989 shares, a decline of 63.3% from the January 15th total of 8,150 shares. Based on an average trading volume of 15,421 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 15,421 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Atlantic American

Hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC grew its holdings in shares of Atlantic American by 10.4% during the 4th quarter. Geode Capital Management LLC now owns 46,273 shares of the financial services provider’s stock worth $131,000 after purchasing an additional 4,368 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of Atlantic American during the third quarter worth $81,000. Finally, Teton Advisors LLC acquired a new position in shares of Atlantic American in the third quarter worth approximately $55,000. 5.54% of the stock is owned by institutional investors.

Atlantic American Stock Up 0.4%

AAME stock opened at $2.54 on Wednesday. The business has a 50 day moving average price of $2.72 and a two-hundred day moving average price of $2.84. Atlantic American has a twelve month low of $1.25 and a twelve month high of $3.71. The company has a market cap of $51.82 million, a price-to-earnings ratio of 11.55 and a beta of 0.80.

Atlantic American (NASDAQ:AAME) last announced its quarterly earnings data on Friday, November 14th. The financial services provider reported $0.02 EPS for the quarter. The company had revenue of $52.98 million during the quarter. Atlantic American had a net margin of 2.45% and a return on equity of 1.62%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Atlantic American in a research report on Wednesday, December 24th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Atlantic American has an average rating of “Hold”.

Atlantic American Company Profile

Atlantic American Corporation is a Florida-based holding company that engages in the insurance business through its wholly owned subsidiaries. The company’s operations are organized into four principal segments: Life Insurance, Accident and Health Insurance, Property and Casualty Insurance, and Risk Retention Group. Through these lines of business, Atlantic American provides a range of insurance products and services to individuals, businesses and affinity groups across the United States.

In its Life Insurance segment, Atlantic American offers traditional whole life and universal life policies, emphasizing guaranteed death benefits and cash value accumulation.