Atlantic American Corporation (NASDAQ:AAME) Short Interest Up 227.6% in December

Atlantic American Corporation (NASDAQ:AAME) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 11,646 shares, a growth of 227.6% from the November 30th total of 3,555 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 22,805 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 22,805 shares, the short-interest ratio is currently 0.5 days. Currently, 0.3% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Atlantic American in a research note on Wednesday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Atlantic American stock. Teton Advisors LLC purchased a new stake in shares of Atlantic American Corporation (NASDAQ:AAME) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 19,000 shares of the financial services provider’s stock, valued at approximately $55,000. Teton Advisors LLC owned about 0.09% of Atlantic American as of its most recent SEC filing. 5.54% of the stock is currently owned by institutional investors.

Atlantic American Stock Down 4.0%

NASDAQ AAME opened at $2.61 on Friday. The stock has a market capitalization of $53.24 million, a PE ratio of 11.86 and a beta of 0.77. Atlantic American has a 12-month low of $1.25 and a 12-month high of $3.71. The company has a 50 day moving average price of $2.71 and a two-hundred day moving average price of $2.66.

Atlantic American (NASDAQ:AAME) last released its quarterly earnings data on Friday, November 14th. The financial services provider reported $0.02 earnings per share (EPS) for the quarter. The business 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%.

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.