Atlantic American Corporation (NASDAQ:AAME) Short Interest Update

Atlantic American Corporation (NASDAQ:AAME) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 11,646 shares, a growth of 227.6% from the November 30th total of 3,555 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 22,805 shares, the short-interest ratio is presently 0.5 days. Based on an average trading volume of 22,805 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the company’s shares are short sold.

Atlantic American Stock Performance

NASDAQ:AAME opened at $2.55 on Friday. Atlantic American has a fifty-two week low of $1.25 and a fifty-two week high of $3.71. The company has a 50 day moving average price of $2.70 and a 200 day moving average price of $2.67. The stock has a market capitalization of $52.02 million, a P/E ratio of 11.59 and a beta of 0.77.

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

Hedge Funds Weigh In On Atlantic American

A hedge fund recently bought a new stake in Atlantic American stock. Citadel Advisors LLC bought a new stake in Atlantic American Corporation (NASDAQ:AAME) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 28,224 shares of the financial services provider’s stock, valued at approximately $81,000. Citadel Advisors LLC owned approximately 0.14% of Atlantic American at the end of the most recent reporting period. 5.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.