Atlantic American Co. (NASDAQ:AAME) Short Interest Down 18.6% in March

Atlantic American Co. (NASDAQ:AAME) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 13,600 shares, a drop of 18.6% from the March 15th total of 16,700 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 7,500 shares, the short-interest ratio is presently 1.8 days.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Atlantic American in a report on Monday, April 8th. They set a “hold” rating for the company.

Hedge Funds Weigh In On Atlantic American

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of Atlantic American by 62.1% during the 2nd quarter. BlackRock Inc. now owns 44,945 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 17,212 shares in the last quarter. Independent Advisor Alliance bought a new position in Atlantic American in the 4th quarter valued at about $32,000. Finally, Investors Asset Management of Georgia Inc. GA ADV bought a new position in Atlantic American in the 4th quarter valued at about $43,000. Institutional investors own 5.48% of the company’s stock.

Atlantic American Trading Down 1.8 %

Shares of Atlantic American stock opened at $2.19 on Friday. The business has a 50-day moving average price of $2.58 and a two-hundred day moving average price of $2.25. Atlantic American has a 1-year low of $1.49 and a 1-year high of $3.00. The company has a market cap of $44.68 million, a P/E ratio of -72.98 and a beta of 0.32.

Atlantic American Announces Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a dividend yield of 0.78%. Atlantic American’s dividend payout ratio (DPR) is presently -66.64%.

Atlantic American Company Profile

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.