Atlantic American Corporation (NASDAQ:AAME) Short Interest Update

Atlantic American Corporation (NASDAQ:AAME) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 8,349 shares, a decrease of 28.3% from the December 15th total of 11,646 shares. Based on an average daily trading volume, of 37,639 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 37,639 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Atlantic American stock. Citadel Advisors LLC purchased a new stake in shares of Atlantic American Corporation (NASDAQ:AAME) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 28,224 shares of the financial services provider’s stock, valued at approximately $81,000. Citadel Advisors LLC owned about 0.14% of Atlantic American as of its most recent SEC filing. 5.54% of the stock is owned by institutional investors.

Atlantic American Stock Performance

Shares of AAME stock opened at $2.90 on Friday. The business’s 50 day moving average price is $2.68 and its 200-day moving average price is $2.77. Atlantic American has a fifty-two week low of $1.25 and a fifty-two week high of $3.71. The firm has a market cap of $59.15 million, a P/E ratio of 13.18 and a beta of 0.77.

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

Wall Street Analysts Forecast Growth

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

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.