Rhumbline Advisers Has $453,000 Stock Position in Atlanticus Holdings Co. (NASDAQ:ATLC)

Rhumbline Advisers grew its position in Atlanticus Holdings Co. (NASDAQ:ATLC) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,128 shares of the credit services provider’s stock after buying an additional 255 shares during the quarter. Rhumbline Advisers owned approximately 0.06% of Atlanticus worth $453,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC boosted its holdings in shares of Atlanticus by 393.1% in 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 period. SG Americas Securities LLC acquired a new position in shares of Atlanticus in the fourth quarter worth about $129,000. MetLife Investment Management LLC lifted its position 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 worth $104,000 after purchasing an additional 1,823 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of Atlanticus in the fourth quarter worth approximately $280,000. Finally, Barclays PLC lifted its position in shares of Atlanticus by 285.6% in the third quarter. Barclays PLC now owns 8,218 shares of the credit services provider’s stock worth $289,000 after purchasing an additional 6,087 shares in the last quarter. 14.15% of the stock is currently owned by institutional investors and hedge funds.

Atlanticus Trading Up 0.8 %

NASDAQ:ATLC opened at $46.06 on Friday. The company’s 50 day moving average is $56.60 and its 200-day moving average is $47.90. The firm has a market cap of $678.88 million, a price-to-earnings ratio of 10.35 and a beta of 2.16. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.59. Atlanticus Holdings Co. has a 12 month low of $23.09 and a 12 month high of $64.70.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ATLC shares. BTIG Research increased their price target on shares of Atlanticus from $45.00 to $54.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Stephens started coverage on shares of Atlanticus in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $54.00 price target for the company. JMP Securities increased their price target on shares of Atlanticus from $54.00 to $75.00 and gave the stock a “market outperform” rating in a research report on Tuesday, December 3rd. Finally, B. Riley raised shares of Atlanticus to a “strong-buy” rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $57.20.

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.