Short Interest in Atlantic American Co. (NASDAQ:AAME) Decreases By 94.6%

Atlantic American Co. (NASDAQ:AAME) saw a significant decrease in short interest in March. As of March 15th, there was short interest totalling 2,300 shares, a decrease of 94.6% from the February 28th total of 42,800 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 5,600 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Atlantic American

A hedge fund recently raised its stake in Atlantic American stock. Biglari Sardar lifted its stake in Atlantic American Co. (NASDAQ:AAME) by 17.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 188,393 shares of the financial services provider’s stock after buying an additional 28,633 shares during the period. Atlantic American makes up approximately 0.7% of Biglari Sardar’s investment portfolio, making the stock its 10th biggest position. Biglari Sardar owned about 0.92% of Atlantic American worth $320,000 as of its most recent SEC filing. Institutional investors own 5.48% of the company’s stock.

Atlantic American Stock Performance

Shares of AAME opened at $1.73 on Thursday. The firm’s 50 day moving average price is $1.55 and its two-hundred day moving average price is $1.58. Atlantic American has a twelve month low of $1.25 and a twelve month high of $2.84. The firm has a market cap of $35.29 million, a P/E ratio of -4.94 and a beta of 0.58.

Atlantic American (NASDAQ:AAME) last posted its quarterly earnings data on Tuesday, March 25th. The financial services provider reported ($0.04) EPS for the quarter. Atlantic American had a negative net margin of 3.72% and a negative return on equity of 8.17%. The company had revenue of $49.04 million during the quarter.

Atlantic American Announces Dividend

The company also recently announced an annual dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a dividend yield of 1.1%. Atlantic American’s dividend payout ratio is presently -5.71%.

Wall Street Analysts Forecast Growth

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

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.