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

Atlantic American Corporation (NASDAQ:AAME) was the recipient of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 2,989 shares, a decrease of 63.3% from the January 15th total of 8,150 shares. Based on an average daily volume of 15,421 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 15,421 shares, the short-interest ratio is currently 0.2 days.

Atlantic American Stock Performance

Atlantic American stock opened at $2.57 on Thursday. The business’s fifty day moving average is $2.72 and its two-hundred day moving average is $2.84. The firm has a market cap of $52.43 million, a P/E ratio of 11.68 and a beta of 0.80. Atlantic American has a 52 week low of $1.25 and a 52 week high of $3.71.

Atlantic American (NASDAQ:AAME) last issued its quarterly earnings results on Friday, November 14th. The financial services provider reported $0.02 earnings per share (EPS) for the quarter. Atlantic American had a net margin of 2.45% and a return on equity of 1.62%. The business had revenue of $52.98 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Atlantic American in a research note on Wednesday, December 24th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Atlantic American

Several large investors have recently made changes to their positions in the company. Teton Advisors LLC bought a new position in Atlantic American during the 3rd quarter worth approximately $55,000. Citadel Advisors LLC bought a new position in shares of Atlantic American during the third quarter worth $81,000. Finally, Geode Capital Management LLC grew its holdings in shares of Atlantic American by 10.4% in the 4th quarter. Geode Capital Management LLC now owns 46,273 shares of the financial services provider’s stock valued at $131,000 after buying an additional 4,368 shares during the period. Institutional investors and hedge funds own 5.54% of the company’s stock.

About Atlantic American

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.