Atlanticus (NASDAQ:ATLC) Receives “Market Perform” Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their market perform rating on shares of Atlanticus (NASDAQ:ATLC) in a research report released on Monday,Benzinga reports. Keefe, Bruyette & Woods currently has a $52.00 price target on the credit services provider’s stock, up from their previous price target of $45.00.

Several other equities research analysts have also issued reports on the company. B. Riley raised Atlanticus to a “strong-buy” rating in a research note on Tuesday, January 7th. JMP Securities lifted their price target on Atlanticus from $54.00 to $75.00 and gave the stock a “market outperform” rating in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $61.00.

Atlanticus Price Performance

NASDAQ:ATLC opened at $47.58 on Monday. The firm has a market capitalization of $701.28 million, a price-to-earnings ratio of 10.69 and a beta of 2.16. Atlanticus has a 52-week low of $23.10 and a 52-week high of $64.70. The stock has a fifty day moving average of $55.40 and a 200 day moving average of $48.47. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.44 and a current ratio of 1.44.

Atlanticus (NASDAQ:ATLC) last issued its quarterly earnings results on Thursday, March 13th. The credit services provider reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.19. Atlanticus had a return on equity of 25.14% and a net margin of 8.39%. The firm had revenue of $353.19 million during the quarter, compared to analyst estimates of $355.02 million. On average, research analysts expect that Atlanticus will post 4.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its position in Atlanticus by 229.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 728 shares of the credit services provider’s stock valued at $41,000 after purchasing an additional 507 shares during the last quarter. Globeflex Capital L P bought a new position in Atlanticus during the 4th quarter valued at approximately $119,000. FMR LLC raised its position in Atlanticus by 393.1% during the 3rd quarter. FMR LLC now owns 2,283 shares of the credit services provider’s stock valued at $80,000 after purchasing an additional 1,820 shares during the last quarter. SG Americas Securities LLC bought a new position in Atlanticus during the 4th quarter valued at approximately $129,000. Finally, State of Tennessee Department of Treasury bought a new position in Atlanticus during the 4th quarter valued at approximately $143,000. Hedge funds and other institutional investors own 14.15% of the company’s stock.

About Atlanticus

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.