Denali Advisors LLC Purchases 1,285 Shares of Atlanticus Holdings Co. (NASDAQ:ATLC)

Denali Advisors LLC boosted its holdings in shares of Atlanticus Holdings Co. (NASDAQ:ATLC) by 5.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,040 shares of the credit services provider’s stock after acquiring an additional 1,285 shares during the period. Denali Advisors LLC owned about 0.18% of Atlanticus worth $771,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC lifted its stake in shares of Atlanticus by 23.8% during the 3rd quarter. Barclays PLC now owns 2,263 shares of the credit services provider’s stock worth $68,000 after purchasing an additional 435 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Atlanticus by 1.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 602,272 shares of the credit services provider’s stock valued at $23,290,000 after buying an additional 7,234 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new stake in shares of Atlanticus during the third quarter valued at about $282,000. Hedge funds and other institutional investors own 14.15% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Keefe, Bruyette & Woods began coverage on shares of Atlanticus in a research note on Wednesday, May 22nd. They set a “market perform” rating and a $33.00 price objective for the company. StockNews.com raised Atlanticus from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. BTIG Research assumed coverage on Atlanticus in a research report on Friday, June 7th. They issued a “buy” rating and a $45.00 price objective for the company. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $39.00 target price on shares of Atlanticus in a research report on Tuesday, May 28th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Atlanticus has a consensus rating of “Moderate Buy” and an average price target of $39.25.

Insider Activity at Atlanticus

In other Atlanticus news, major shareholder Frank J. Hanna III purchased 263,432 shares of Atlanticus stock in a transaction on Tuesday, April 9th. The stock was bought at an average cost of $28.21 per share, with a total value of $7,431,416.72. Following the transaction, the insider now owns 263,432 shares of the company’s stock, valued at approximately $7,431,416.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Deal W. Hudson sold 1,200 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $26.05, for a total transaction of $31,260.00. Following the sale, the director now directly owns 68,655 shares of the company’s stock, valued at $1,788,462.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Frank J. Hanna III purchased 263,432 shares of Atlanticus stock in a transaction that occurred on Tuesday, April 9th. The shares were bought at an average price of $28.21 per share, with a total value of $7,431,416.72. Following the completion of the transaction, the insider now owns 263,432 shares of the company’s stock, valued at approximately $7,431,416.72. The disclosure for this purchase can be found here. 51.80% of the stock is owned by insiders.

Atlanticus Trading Up 0.8 %

NASDAQ ATLC opened at $30.35 on Thursday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.48. The company has a fifty day simple moving average of $26.82 and a two-hundred day simple moving average of $30.45. Atlanticus Holdings Co. has a 12-month low of $23.09 and a 12-month high of $43.59. The stock has a market cap of $448.88 million, a P/E ratio of 7.16 and a beta of 1.88.

Atlanticus (NASDAQ:ATLC) last issued its quarterly earnings results on Friday, May 10th. The credit services provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.11. The company had revenue of $290.17 million during the quarter, compared to analysts’ expectations of $309.78 million. Atlanticus had a return on equity of 26.67% and a net margin of 8.67%. On average, analysts forecast that Atlanticus Holdings Co. will post 4.52 earnings per share for the current year.

Atlanticus 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.