Atlantic American Corporation (NASDAQ:AAME) Short Interest Down 28.3% in December

Atlantic American Corporation (NASDAQ:AAME) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 8,349 shares, a drop of 28.3% from the December 15th total of 11,646 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 37,639 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 37,639 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On Atlantic American

An institutional investor recently bought a new position in Atlantic American stock. Citadel Advisors LLC purchased a new position in shares of Atlantic American Corporation (NASDAQ:AAME) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period. Institutional investors own 5.54% of the company’s stock.

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 research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Atlantic American presently has a consensus rating of “Hold”.

Atlantic American Price Performance

NASDAQ AAME opened at $2.90 on Monday. Atlantic American has a 12 month low of $1.25 and a 12 month high of $3.71. The stock has a market capitalization of $59.16 million, a P/E ratio of 13.18 and a beta of 0.77. The firm’s 50-day moving average is $2.68 and its two-hundred day moving average is $2.78.

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

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.