Atlanticus Holdings Co. (NASDAQ:ATLC) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Atlanticus Holdings Co. (NASDAQ:ATLC) have been assigned an average rating of “Buy” from the five ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $57.20.

A number of equities research analysts have issued reports on the company. BTIG Research upped their target price on Atlanticus from $45.00 to $54.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. JMP Securities upped their target price on Atlanticus from $54.00 to $75.00 and gave the stock a “market outperform” rating in a research report on Tuesday, December 3rd. Stephens assumed coverage on Atlanticus in a research report on Wednesday, November 13th. They set an “overweight” rating and a $54.00 target price for the company. Finally, B. Riley raised Atlanticus to a “strong-buy” rating in a research report on Tuesday, January 7th.

Atlanticus Stock Up 0.4 %

Shares of Atlanticus stock opened at $54.93 on Friday. The stock has a market capitalization of $809.67 million, a P/E ratio of 12.34 and a beta of 2.10. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.59. The stock has a 50 day moving average price of $57.58 and a two-hundred day moving average price of $47.27. Atlanticus has a 12-month low of $23.09 and a 12-month high of $64.70.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ATLC. Tower Research Capital LLC TRC lifted its holdings in shares of Atlanticus by 229.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 728 shares of the credit services provider’s stock worth $41,000 after buying an additional 507 shares during the last quarter. FMR LLC lifted its holdings in shares of Atlanticus by 393.1% during the third quarter. FMR LLC now owns 2,283 shares of the credit services provider’s stock worth $80,000 after buying an additional 1,820 shares during the last quarter. MetLife Investment Management LLC raised its stake in shares of Atlanticus by 158.8% in the third quarter. MetLife Investment Management LLC now owns 2,971 shares of the credit services provider’s stock valued at $104,000 after purchasing an additional 1,823 shares in the last quarter. Globeflex Capital L P acquired a new position in shares of Atlanticus in the fourth quarter valued at $119,000. Finally, SG Americas Securities LLC acquired a new position in shares of Atlanticus in the fourth quarter valued at $129,000. 14.15% of the stock is currently owned by institutional investors and hedge funds.

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.