Atlanticus Holdings Co. (NASDAQ:ATLC) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC lifted its holdings in Atlanticus Holdings Co. (NASDAQ:ATLC) by 53.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,004 shares of the credit services provider’s stock after acquiring an additional 9,026 shares during the period. Empowered Funds LLC owned approximately 0.18% of Atlanticus worth $1,451,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ATLC. Exchange Traded Concepts LLC acquired a new stake in shares of Atlanticus in the fourth quarter valued at about $280,000. SG Americas Securities LLC acquired a new position in Atlanticus during the 4th quarter worth approximately $129,000. Barclays PLC boosted its holdings in Atlanticus by 285.6% in the 3rd quarter. Barclays PLC now owns 8,218 shares of the credit services provider’s stock worth $289,000 after acquiring an additional 6,087 shares during the period. Geode Capital Management LLC grew its position in Atlanticus by 2.0% in the third quarter. Geode Capital Management LLC now owns 122,501 shares of the credit services provider’s stock valued at $4,298,000 after acquiring an additional 2,348 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Atlanticus during the third quarter valued at approximately $313,000. Hedge funds and other institutional investors own 14.15% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. BTIG Research upped their target price on shares of Atlanticus from $45.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. JMP Securities upped their price objective on shares of Atlanticus from $54.00 to $75.00 and gave the company a “market outperform” rating in a research report on Tuesday, December 3rd. B. Riley upgraded Atlanticus to a “strong-buy” rating in a research note on Tuesday, January 7th. Finally, Stephens began coverage on Atlanticus in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $54.00 price target on the stock. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $57.20.

Insider Buying and Selling

In related news, CAO Mitchell Saunders sold 16,004 shares of the company’s stock in a transaction that occurred on 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 directly owns 50,973 shares of the company’s stock, valued at approximately $2,831,550.15. This represents a 23.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 51.80% of the company’s stock.

Atlanticus Price Performance

Shares of ATLC stock opened at $59.82 on Monday. The firm has a fifty day moving average of $57.91 and a two-hundred day moving average of $45.60. The firm has a market cap of $881.69 million, a P/E ratio of 13.44 and a beta of 2.10. Atlanticus Holdings Co. has a 1-year low of $23.09 and a 1-year high of $64.70. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.44 and a quick ratio of 1.44.

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.