Atlantic American Corporation (NASDAQ:AAME) Short Interest Update

Atlantic American Corporation (NASDAQ:AAME) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 6,056 shares, a growth of 17.8% from the February 12th total of 5,141 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 15,910 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 15,910 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Trading of Atlantic American

A number of institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in Atlantic American by 10.4% during the fourth quarter. Geode Capital Management LLC now owns 46,273 shares of the financial services provider’s stock worth $131,000 after buying an additional 4,368 shares during the period. Citadel Advisors LLC purchased a new stake in shares of Atlantic American during the 3rd quarter worth approximately $81,000. Finally, Teton Advisors LLC purchased a new stake in shares of Atlantic American during the 3rd quarter worth approximately $55,000. Hedge funds and other institutional investors own 5.54% of the company’s stock.

Atlantic American Trading Down 3.4%

NASDAQ AAME opened at $2.68 on Tuesday. The business’s 50 day moving average is $2.76 and its two-hundred day moving average is $2.83. The stock has a market capitalization of $54.59 million, a price-to-earnings ratio of 12.16 and a beta of 0.69. Atlantic American has a 12-month low of $1.25 and a 12-month high of $3.71.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Atlantic American in a research note on Wednesday, December 24th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently 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.