Atlantic American Co. (NASDAQ:AAME) Short Interest Update

Atlantic American Co. (NASDAQ:AAMEGet Free Report) saw a large growth in short interest in May. As of May 31st, there was short interest totalling 1,100 shares, a growth of 10.0% from the May 15th total of 1,000 shares. Based on an average daily trading volume, of 6,400 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Atlantic American Trading Down 8.9 %

Shares of AAME stock opened at $1.73 on Wednesday. The firm’s 50 day moving average is $1.83 and its 200 day moving average is $2.25. The stock has a market capitalization of $35.29 million, a P/E ratio of -34.59 and a beta of 0.41. Atlantic American has a 12 month low of $1.49 and a 12 month high of $3.00.

Atlantic American (NASDAQ:AAMEGet Free Report) last posted its earnings results on Tuesday, May 14th. The financial services provider reported ($0.12) earnings per share for the quarter. The firm had revenue of $47.00 million for the quarter. Atlantic American had a negative return on equity of 3.18% and a negative net margin of 0.39%.

Atlantic American Dividend Announcement

The company also recently announced an annual dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 12th were issued a dividend of $0.02 per share. This represents a yield of 0.78%. The ex-dividend date was Thursday, April 11th. Atlantic American’s dividend payout ratio (DPR) is presently -39.99%.

Institutional Trading of Atlantic American

A hedge fund recently bought a new stake in Atlantic American stock. Independent Advisor Alliance bought a new position in shares of Atlantic American Co. (NASDAQ:AAMEFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 13,101 shares of the financial services provider’s stock, valued at approximately $32,000. Independent Advisor Alliance owned 0.06% of Atlantic American at the end of the most recent quarter. 5.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Atlantic American in a research note on Wednesday. They set a “hold” rating on the stock.

Read Our Latest Stock Report on AAME

Atlantic American Company Profile

(Get Free Report)

Atlantic American Corporation, through its subsidiaries, provides life and health, and property and casualty insurance products in the United States. It operates through American Southern and Bankers Fidelity segments. The company offers property and casualty insurance products, including commercial automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; general liability; and inland marine insurance products.

Further Reading

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