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

Atlantic American Co. (NASDAQ:AAME) was the target of a large 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. Based on an average daily trading volume, of 12,600 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Analysts Set New Price Targets

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

Atlantic American Trading Down 2.7%

Shares of AAME traded down $0.05 on Tuesday, reaching $1.80. 1,412 shares of the company’s stock were exchanged, compared to its average volume of 6,828. The business has a 50 day moving average price of $1.62 and a two-hundred day moving average price of $1.57. The stock has a market capitalization of $36.71 million, a P/E ratio of -5.14 and a beta of 0.69. Atlantic American has a 12 month low of $1.25 and a 12 month high of $1.99.

Atlantic American (NASDAQ:AAME) last announced its quarterly earnings results 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 Announces Dividend

The business also recently announced an annual dividend, which was paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th were paid a $0.02 dividend. This represents a yield of 1.1%. The ex-dividend date was Wednesday, April 9th. Atlantic American’s dividend payout ratio is currently -22.22%.

Atlantic American Company Profile

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.