Atlantic American Co. (NASDAQ:AAME – Get Free Report) was the recipient of a large 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. Based on an average daily volume of 6,900 shares, the short-interest ratio is presently 6.5 days. Currently, 1.2% of the shares of the company are short sold.
Hedge Funds Weigh In On Atlantic American
A hedge fund recently bought a new stake in Atlantic American stock. Investors Asset Management of Georgia Inc. GA ADV acquired a new stake in Atlantic American Co. (NASDAQ:AAME – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 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 at the end of the most recent reporting period. Institutional investors own 5.48% of the company’s stock.
Atlantic American Stock Down 1.6 %
NASDAQ AAME opened at $1.87 on Friday. The company has a market capitalization of $38.15 million, a P/E ratio of -62.31 and a beta of 0.32. Atlantic American has a 12-month low of $1.49 and a 12-month high of $3.00. The firm has a 50-day moving average price of $2.47 and a two-hundred day moving average price of $2.25.
Atlantic American Announces Dividend
The company also recently declared an annual dividend, which was paid on Friday, April 26th. Stockholders of record on Friday, April 12th were issued a dividend of $0.02 per share. This represents a dividend yield of 0.78%. The ex-dividend date was Thursday, April 11th. Atlantic American’s dividend payout ratio (DPR) is presently -66.64%.
Analysts Set New Price Targets
Separately, StockNews.com began coverage on shares of Atlantic American in a report on Wednesday. They issued a “hold” rating for the company.
Read Our Latest Stock Report on Atlantic American
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.
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