Atlanticus (NASDAQ:ATLC) Shares Gap Down to $35.08

Atlanticus Holdings Co. (NASDAQ:ATLC)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $35.08, but opened at $34.25. Atlanticus shares last traded at $34.52, with a volume of 965 shares.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. BTIG Research started coverage on shares of Atlanticus in a research note on Friday, June 7th. They set a “buy” rating and a $45.00 price objective on the stock. StockNews.com upgraded shares of Atlanticus from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 9th.

Atlanticus Stock Down 2.8 %

The business has a fifty day moving average of $33.28 and a 200 day moving average of $29.90. The stock has a market cap of $504.26 million, a price-to-earnings ratio of 8.27 and a beta of 1.93. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.43 and a quick ratio of 1.43.

Atlanticus (NASDAQ:ATLC) last released its quarterly earnings data on Thursday, August 8th. The credit services provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.12. Atlanticus had a return on equity of 25.32% and a net margin of 8.42%. The firm had revenue of $315.64 million for the quarter, compared to the consensus estimate of $309.74 million. On average, equities analysts predict that Atlanticus Holdings Co. will post 4.54 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Deal W. Hudson sold 1,200 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $32.75, for a total value of $39,300.00. Following the completion of the sale, the director now directly owns 67,455 shares of the company’s stock, valued at $2,209,151.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Deal W. Hudson sold 1,200 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $32.75, for a total value of $39,300.00. Following the completion of the transaction, the director now directly owns 67,455 shares in the company, valued at $2,209,151.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Deal W. Hudson sold 2,500 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $31.35, for a total value of $78,375.00. Following the completion of the transaction, the director now owns 64,955 shares of the company’s stock, valued at $2,036,339.25. The disclosure for this sale can be found here. Company insiders own 51.80% of the company’s stock.

Hedge Funds Weigh In On Atlanticus

Several hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Atlanticus by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 602,272 shares of the credit services provider’s stock valued at $23,290,000 after purchasing an additional 7,234 shares in the last quarter. Vanguard Group Inc. raised its position in Atlanticus by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 258,689 shares of the credit services provider’s stock valued at $7,655,000 after buying an additional 2,453 shares during the last quarter. Rhumbline Advisers raised its position in Atlanticus by 9.3% in the 2nd quarter. Rhumbline Advisers now owns 8,127 shares of the credit services provider’s stock valued at $229,000 after buying an additional 690 shares during the last quarter. Denali Advisors LLC raised its position in Atlanticus by 5.2% in the 1st quarter. Denali Advisors LLC now owns 26,040 shares of the credit services provider’s stock valued at $771,000 after buying an additional 1,285 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Atlanticus by 65.5% during the 1st quarter. BNP Paribas Financial Markets now owns 2,324 shares of the credit services provider’s stock worth $69,000 after purchasing an additional 920 shares during the last quarter. 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.