Atlanticus Holdings Co. (NASDAQ:ATLC) Receives $48.75 Average PT from Brokerages

Shares of Atlanticus Holdings Co. (NASDAQ:ATLC) have earned an average recommendation of “Moderate Buy” from the five analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $53.00.

A number of research analysts have recently commented on ATLC shares. BTIG Research increased their target price on shares of Atlanticus from $45.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. StockNews.com raised shares of Atlanticus from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 9th. JMP Securities boosted their price objective on Atlanticus from $45.00 to $54.00 and gave the company a “market outperform” rating in a research note on Wednesday, November 13th. B. Riley boosted their price target on Atlanticus from $50.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Stephens assumed coverage on Atlanticus in a report on Wednesday, November 13th. They issued an “overweight” rating and a $54.00 target price on the stock.

Atlanticus Stock Up 1.6 %

Shares of ATLC opened at $55.16 on Thursday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $813.06 million, a PE ratio of 12.40 and a beta of 1.92. The firm’s 50 day moving average is $38.83 and its 200-day moving average is $33.24. Atlanticus has a 12 month low of $23.09 and a 12 month high of $56.42.

Atlanticus (NASDAQ:ATLC) last announced its quarterly earnings data on Thursday, November 7th. The credit services provider reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.04. Atlanticus had a net margin of 8.39% and a return on equity of 25.14%. The firm had revenue of $351.22 million for the quarter, compared to the consensus estimate of $326.64 million. Equities research analysts forecast that Atlanticus will post 4.41 EPS for the current year.

Insider Transactions at Atlanticus

In related news, Director Deal W. Hudson sold 2,500 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $31.35, for a total transaction of $78,375.00. Following the completion of the transaction, the director now owns 64,955 shares in the company, valued at approximately $2,036,339.25. This represents a 3.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Mitchell Saunders sold 16,004 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $55.55, for a total transaction of $889,022.20. Following the sale, the chief accounting officer now owns 50,973 shares of the company’s stock, valued at $2,831,550.15. This trade represents a 23.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,204 shares of company stock worth $1,080,197 in the last 90 days. Insiders own 51.80% of the company’s stock.

Institutional Investors Weigh In On Atlanticus

A number of hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets increased its position in Atlanticus by 65.5% in the first quarter. BNP Paribas Financial Markets now owns 2,324 shares of the credit services provider’s stock worth $69,000 after buying an additional 920 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Atlanticus by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 258,689 shares of the credit services provider’s stock worth $7,655,000 after acquiring an additional 2,453 shares during the period. Rhumbline Advisers grew its stake in shares of Atlanticus by 9.3% during the 2nd quarter. Rhumbline Advisers now owns 8,127 shares of the credit services provider’s stock worth $229,000 after acquiring an additional 690 shares during the period. Squarepoint Ops LLC increased its holdings in Atlanticus by 9.3% in the 2nd quarter. Squarepoint Ops LLC now owns 8,310 shares of the credit services provider’s stock worth $234,000 after acquiring an additional 704 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in Atlanticus by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 16,978 shares of the credit services provider’s stock valued at $596,000 after acquiring an additional 804 shares during the period. Institutional investors own 14.15% of the company’s stock.

Atlanticus Company Profile

Atlanticus Holdings Corporation, a financial technology company, provides credit and related financial services and products to customers the United States. It operates in two segments, Credit as a Service, and Auto Finance. The Credit as a Service segment originates a range of consumer loan products, such as private label and general purpose credit cards originated by lenders through various channels, including retail and healthcare, direct mail solicitation, digital marketing, and partnerships with third parties; and offers credit to their customers for the purchase of various goods and services, including consumer electronics, furniture, elective medical procedures, healthcare, and home-improvements by partnering with retailers, healthcare providers, and other service providers.