Connor Clark & Lunn Investment Management Ltd. Purchases Shares of 7,620 Atlanticus Holdings Co. (NASDAQ:ATLC)

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Atlanticus Holdings Co. (NASDAQ:ATLC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,620 shares of the credit services provider’s stock, valued at approximately $425,000. Connor Clark & Lunn Investment Management Ltd. owned 0.05% of Atlanticus at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ATLC. FMR LLC increased its holdings in shares of Atlanticus by 393.1% in 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 period. MetLife Investment Management LLC boosted its position in Atlanticus by 158.8% during 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 during the period. SG Americas Securities LLC bought a new stake in Atlanticus during the fourth quarter worth approximately $129,000. Exchange Traded Concepts LLC bought a new stake in Atlanticus during the fourth quarter worth approximately $280,000. Finally, Barclays PLC boosted 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 valued at $289,000 after acquiring an additional 6,087 shares during the period. Institutional investors and hedge funds own 14.15% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on ATLC. B. Riley upgraded Atlanticus to a “strong-buy” rating in a research note on Tuesday, January 7th. JMP Securities upped their target price on Atlanticus from $54.00 to $75.00 and gave the company a “market outperform” rating in a research note on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $52.00 price objective (up from $45.00) on shares of Atlanticus in a research note on Monday, March 17th. 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $61.00.

Atlanticus Stock Performance

Shares of NASDAQ:ATLC opened at $50.51 on Friday. Atlanticus Holdings Co. has a twelve month low of $23.10 and a twelve month high of $64.70. The firm has a market cap of $763.46 million, a PE ratio of 11.35 and a beta of 2.16. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.44 and a current ratio of 1.44. The business has a fifty day moving average of $55.01 and a 200-day moving average of $48.82.

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

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.