Atlantic American Corporation (NASDAQ:AAME) Short Interest Update

Atlantic American Corporation (NASDAQ:AAME) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 4,344 shares, a drop of 45.0% from the April 30th total of 7,903 shares. Based on an average trading volume of 7,239 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Teton Advisors LLC acquired a new stake in Atlantic American during the third quarter worth about $55,000. Citadel Advisors LLC purchased a new stake in shares of Atlantic American in the 3rd quarter valued at approximately $81,000. Finally, Geode Capital Management LLC increased its holdings in shares of Atlantic American by 10.4% during the 4th quarter. Geode Capital Management LLC now owns 46,273 shares of the financial services provider’s stock worth $131,000 after buying an additional 4,368 shares during the last quarter. Institutional investors and hedge funds own 5.54% of the company’s stock.

Atlantic American Price Performance

AAME stock opened at $1.88 on Thursday. Atlantic American has a 1 year low of $1.65 and a 1 year high of $3.71. The firm has a market capitalization of $38.33 million, a PE ratio of 8.50 and a beta of 0.73. The business has a 50 day simple moving average of $2.37 and a 200-day simple moving average of $2.57.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Atlantic American from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, May 14th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company 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.