Atlantic American Corporation (NASDAQ:AAME) Short Interest Down 51.4% in August

Atlantic American Corporation (NASDAQ:AAME – Get Free Report) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 7,782 shares, a decline of 51.4% from the July 30th total of 16,001 shares. Based on an average trading volume of 18,323 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Atlantic American from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, July 7th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Atlantic American has a consensus rating of “Sell”.

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Institutional Investors Weigh In On Atlantic American

Large investors have recently made changes to their positions in the company. Biglari Sardar acquired a new position in Atlantic American in the second quarter worth approximately $176,788. BlackRock Inc. acquired a new stake in Atlantic American in the second quarter valued at approximately $179,000. Geode Capital Management LLC grew its position in Atlantic American by 10.4% in the fourth 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 in the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of Atlantic American during the 3rd quarter worth $81,000. Institutional investors own 5.54% of the company’s stock.

Atlantic American Price Performance

AAME traded down $0.16 during trading on Friday, reaching $1.41. 261,531 shares of the stock traded hands, compared to its average volume of 142,948. The stock’s 50-day simple moving average is $1.56 and its two-hundred day simple moving average is $2.10. Atlantic American has a fifty-two week low of $1.25 and a fifty-two week high of $3.47. The stock has a market cap of $28.76 million, a price-to-earnings ratio of 6.41 and a beta of 0.77.

Atlantic American Company Profile

(Get Free Report)

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.

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