Atlantic American Corporation (NASDAQ:AAME) Short Interest Update

Atlantic American Corporation (NASDAQ:AAME) saw a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 4,447 shares, a decrease of 26.6% from the February 26th total of 6,056 shares. Based on an average trading volume of 8,502 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Atlantic American

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in 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 acquiring an additional 4,368 shares during the last quarter. Citadel Advisors LLC acquired a new stake in Atlantic American in the third quarter worth $81,000. Finally, Teton Advisors LLC acquired a new stake in Atlantic American in the third quarter worth $55,000. Institutional investors own 5.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated 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, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Atlantic American Stock Performance

NASDAQ AAME opened at $2.39 on Monday. Atlantic American has a 1-year low of $1.26 and a 1-year high of $3.71. The company has a 50 day moving average of $2.67 and a 200-day moving average of $2.78. The firm has a market cap of $48.76 million, a price-to-earnings ratio of 10.86 and a beta of 0.69.

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.