Atlantic American Corporation (NASDAQ:AAME) Short Interest Update

Atlantic American Corporation (NASDAQ:AAME) was the recipient of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 4,447 shares, a decline of 26.6% from the February 26th total of 6,056 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 8,502 shares, the days-to-cover ratio is currently 0.5 days.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Atlantic American

Several institutional investors have recently added to or reduced their stakes in AAME. 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 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 about $81,000. Finally, Teton Advisors LLC bought a new position in shares of Atlantic American during the third quarter worth about $55,000. 5.54% of the stock is owned by institutional investors.

Atlantic American Stock Performance

Shares of AAME opened at $2.39 on Friday. The firm has a market capitalization of $48.76 million, a PE ratio of 10.86 and a beta of 0.69. The stock has a 50 day simple moving average of $2.67 and a 200 day simple moving average of $2.78. Atlantic American has a 52-week low of $1.26 and a 52-week high of $3.71.

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.