Short Interest in Atlantic American Corporation (NASDAQ:AAME) Decreases By 63.3%

Atlantic American Corporation (NASDAQ:AAME) saw a large decline in short interest in 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. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 15,421 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 15,421 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed 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 presently has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its holdings in 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 acquiring an additional 4,368 shares during the period. Citadel Advisors LLC bought a new position in shares of Atlantic American during the 3rd quarter valued at $81,000. Finally, Teton Advisors LLC bought a new stake in Atlantic American in the third quarter valued at approximately $55,000. Hedge funds and other institutional investors own 5.54% of the company’s stock.

Atlantic American Price Performance

Shares of NASDAQ:AAME opened at $2.54 on Wednesday. The company has a market capitalization of $51.82 million, a PE ratio of 11.55 and a beta of 0.80. Atlantic American has a 1 year low of $1.25 and a 1 year high of $3.71. The business has a fifty day moving average price of $2.72 and a two-hundred day moving average price of $2.84.

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