Atlantic American Co. (NASDAQ:AAME) Short Interest Update

Atlantic American Co. (NASDAQ:AAME) was the recipient of a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 4,200 shares, a decline of 44.7% from the May 15th total of 7,600 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 12,600 shares, the short-interest ratio is currently 0.3 days.

Analyst Ratings Changes

Separately, Wall Street Zen assumed coverage on Atlantic American in a research note on Wednesday, May 21st. They issued a “hold” rating on the stock.

Atlantic American Stock Performance

Atlantic American stock opened at $1.83 on Monday. Atlantic American has a 52 week low of $1.25 and a 52 week high of $1.99. The stock has a market capitalization of $37.33 million, a P/E ratio of -5.23 and a beta of 0.69. The stock has a 50-day simple moving average of $1.61 and a 200 day simple moving average of $1.56.

Atlantic American (NASDAQ:AAME) last posted its quarterly earnings data on Tuesday, May 13th. The financial services provider reported $0.01 earnings per share (EPS) for the quarter. Atlantic American had a negative net margin of 3.72% and a negative return on equity of 8.17%.

Atlantic American Dividend Announcement

The company also recently declared an annual dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th were issued a dividend of $0.02 per share. This represents a dividend yield of 1.1%. The ex-dividend date was Wednesday, April 9th. Atlantic American’s dividend payout ratio (DPR) is presently -22.22%.

About Atlantic American

Atlantic American Corporation, through its subsidiaries, provides life and health, and property and casualty insurance products in the United States. It operates through American Southern and Bankers Fidelity segments. The company offers property and casualty insurance products, including commercial automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; general liability; and inland marine insurance products.