Atlantic American Co. (NASDAQ:AAME) Short Interest Up 10.0% in May

Atlantic American Co. (NASDAQ:AAME) was the recipient of a significant growth in short interest in May. As of May 31st, there was short interest totalling 1,100 shares, a growth of 10.0% from the May 15th total of 1,000 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 6,400 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Atlantic American stock. Independent Advisor Alliance purchased a new stake in Atlantic American Co. (NASDAQ:AAME) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 13,101 shares of the financial services provider’s stock, valued at approximately $32,000. Independent Advisor Alliance owned approximately 0.06% of Atlantic American at the end of the most recent quarter. 5.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Atlantic American in a research report on Tuesday, June 11th. They set a “hold” rating for the company.

Atlantic American Trading Down 3.7 %

Shares of AAME opened at $1.83 on Monday. The stock has a market capitalization of $37.33 million, a PE ratio of -36.60 and a beta of 0.41. The firm’s 50 day moving average is $1.84 and its 200-day moving average is $2.25. Atlantic American has a 12 month low of $1.49 and a 12 month high of $3.00.

Atlantic American (NASDAQ:AAME) last posted its quarterly earnings results on Tuesday, May 14th. The financial services provider reported ($0.12) EPS for the quarter. Atlantic American had a negative net margin of 0.39% and a negative return on equity of 3.18%. The company had revenue of $47.00 million during the quarter.

Atlantic American Dividend Announcement

The business also recently announced an annual dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 12th were paid 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 payout ratio is presently -40.00%.

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.