Atlantic American Corporation (NASDAQ:AAME) Short Interest Update

Atlantic American Corporation (NASDAQ:AAME) saw a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 4,447 shares, a decrease of 26.6% from the February 26th total of 6,056 shares. Based on an average daily volume of 8,502 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On Atlantic American

Several hedge funds have recently added to or reduced their stakes in AAME. Teton Advisors LLC acquired a new position in Atlantic American in the third quarter valued at about $55,000. Citadel Advisors LLC acquired a new position in shares of Atlantic American during the 3rd quarter worth about $81,000. Finally, Geode Capital Management LLC increased its stake in shares of Atlantic American by 10.4% in the 4th quarter. Geode Capital Management LLC now owns 46,273 shares of the financial services provider’s stock valued at $131,000 after acquiring an additional 4,368 shares during the last quarter. Institutional investors and hedge funds own 5.54% of the company’s stock.

Atlantic American Stock Performance

AAME opened at $2.39 on Friday. The company has a fifty day moving average price of $2.67 and a two-hundred day moving average price of $2.78. The firm has a market capitalization of $48.76 million, a PE ratio of 10.86 and a beta of 0.69. Atlantic American has a 52 week low of $1.26 and a 52 week high of $3.71.

Wall Street Analyst Weigh In

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