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

Atlantic American Co. (NASDAQ:AAME) was the recipient of a large growth in short interest in 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. Based on an average daily trading volume, of 6,900 shares, the short-interest ratio is presently 6.5 days. Currently, 1.2% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Atlantic American in a research note on Wednesday. They set a “hold” rating on the stock.

Institutional Trading of Atlantic American

An institutional investor recently bought a new position in Atlantic American stock. Investors Asset Management of Georgia Inc. GA ADV purchased a new position in shares of Atlantic American Co. (NASDAQ:AAME) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 18,000 shares of the financial services provider’s stock, valued at approximately $43,000. Investors Asset Management of Georgia Inc. GA ADV owned about 0.09% of Atlantic American as of its most recent SEC filing. 5.48% of the stock is currently owned by institutional investors and hedge funds.

Atlantic American Stock Down 0.5 %

Shares of NASDAQ AAME opened at $1.90 on Friday. The stock’s fifty day simple moving average is $2.48 and its 200 day simple moving average is $2.25. The stock has a market capitalization of $38.76 million, a price-to-earnings ratio of -63.31 and a beta of 0.32. Atlantic American has a 52-week low of $1.49 and a 52-week high of $3.00.

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

Atlantic American Announces Dividend

The company also recently announced an annual dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be paid a dividend of $0.02 per share. This represents a yield of 0.78%. The ex-dividend date of this dividend is Thursday, April 11th. Atlantic American’s dividend payout ratio (DPR) is currently -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 commercial automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; general liability; and inland marine insurance products.