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

Atlantic American Co. (NASDAQ:AAME) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 45,000 shares, a growth of 230.9% from the March 31st total of 13,600 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily volume of 6,900 shares, the short-interest ratio is presently 6.5 days.

Atlantic American Stock Performance

Shares of NASDAQ:AAME opened at $1.87 on Friday. Atlantic American has a one year low of $1.49 and a one year high of $3.00. The stock has a fifty day moving average of $2.47 and a 200-day moving average of $2.25. The company has a market capitalization of $38.15 million, a PE ratio of -62.31 and a beta of 0.32.

Atlantic American (NASDAQ:AAME) last announced its quarterly earnings data on Monday, April 1st. The financial services provider reported ($0.21) EPS for the quarter. Atlantic American had a negative net margin of 0.09% and a negative return on equity of 0.31%. The company had revenue of $46.75 million for the quarter.

Atlantic American Dividend Announcement

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

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Atlantic American in a research report on Wednesday. They issued a “hold” rating for the company.

Institutional Investors Weigh In On Atlantic American

A hedge fund recently bought a new stake in Atlantic American stock. Independent Advisor Alliance bought a new stake in shares of Atlantic American Co. (NASDAQ:AAME) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund 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 as of its most recent SEC filing. 5.48% of the stock is currently owned by hedge funds and other institutional investors.

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 commercial automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; general liability; and inland marine insurance products.