Atlantic American Co. (NASDAQ:AAME – Get Free Report) was the recipient of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 11,700 shares, a decline of 26.4% from the January 15th total of 15,900 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 7,700 shares, the days-to-cover ratio is currently 1.5 days.
Atlantic American Price Performance
Atlantic American stock opened at $2.43 on Tuesday. The business has a fifty day moving average price of $2.36 and a 200-day moving average price of $2.04. Atlantic American has a 1-year low of $1.49 and a 1-year high of $2.75. The stock has a market capitalization of $49.57 million, a price-to-earnings ratio of 18.69 and a beta of 0.33.
Atlantic American (NASDAQ:AAME – Get Free Report) last announced its earnings results on Monday, November 13th. The financial services provider reported $0.08 EPS for the quarter. The business had revenue of $44.59 million during the quarter. Atlantic American had a return on equity of 7.28% and a net margin of 1.67%.
Analyst Upgrades and Downgrades
Institutional Trading of Atlantic American
Several hedge funds have recently modified their holdings of the stock. Independent Advisor Alliance acquired a new stake in shares of Atlantic American during the fourth quarter worth about $32,000. Investors Asset Management of Georgia Inc. GA ADV purchased a new position in shares of Atlantic American during the fourth quarter worth about $43,000. BlackRock Inc. grew its holdings in shares of Atlantic American by 62.1% during the second quarter. BlackRock Inc. now owns 44,945 shares of the financial services provider’s stock worth $87,000 after buying an additional 17,212 shares during the last quarter. Finally, Biglari Sardar grew its holdings in shares of Atlantic American by 321.9% during the second quarter. Biglari Sardar now owns 119,171 shares of the financial services provider’s stock worth $230,000 after buying an additional 90,922 shares during the last quarter. 5.67% of the stock is currently owned by institutional investors and hedge funds.
About Atlantic American
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 business automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; and inland marine and general liability insurance products.
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