Atlanticus (NASDAQ:ATLC) Sees Unusually-High Trading Volume

Shares of Atlanticus Holdings Co. (NASDAQ:ATLC) saw unusually-high trading volume on Friday . Approximately 10,994 shares changed hands during trading, a decline of 34% from the previous session’s volume of 16,733 shares.The stock last traded at $34.80 and had previously closed at $35.55.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $39.00 price target on shares of Atlanticus in a report on Tuesday, May 28th. BTIG Research started coverage on Atlanticus in a research note on Friday, June 7th. They issued a “buy” rating and a $45.00 target price for the company. Finally, StockNews.com upgraded Atlanticus from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 9th.

Atlanticus Stock Performance

The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.46. The company’s 50-day moving average is $33.23 and its two-hundred day moving average is $29.72. The stock has a market capitalization of $512.84 million, a P/E ratio of 8.21 and a beta of 1.93.

Atlanticus (NASDAQ:ATLC) last announced its quarterly earnings results on Thursday, August 8th. The credit services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.87 by $0.12. The company had revenue of $315.64 million for the quarter, compared to analyst estimates of $309.74 million. Atlanticus had a net margin of 8.42% and a return on equity of 25.32%. As a group, sell-side analysts anticipate that Atlanticus Holdings Co. will post 4.54 EPS for the current fiscal year.

Insider Buying and Selling at Atlanticus

In related news, Director Deal W. Hudson sold 1,200 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $32.75, for a total value of $39,300.00. Following the completion of the transaction, the director now owns 67,455 shares in the company, valued at approximately $2,209,151.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Deal W. Hudson sold 1,200 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $32.75, for a total transaction of $39,300.00. Following the sale, the director now owns 67,455 shares of the company’s stock, valued at $2,209,151.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Deal W. Hudson sold 2,500 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $31.35, for a total value of $78,375.00. Following the transaction, the director now directly owns 64,955 shares of the company’s stock, valued at $2,036,339.25. The disclosure for this sale can be found here. 51.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Atlanticus

Institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its stake in Atlanticus by 65.5% during the first quarter. BNP Paribas Financial Markets now owns 2,324 shares of the credit services provider’s stock valued at $69,000 after purchasing an additional 920 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Atlanticus by 9.3% during the 2nd quarter. Rhumbline Advisers now owns 8,127 shares of the credit services provider’s stock worth $229,000 after acquiring an additional 690 shares in the last quarter. Squarepoint Ops LLC grew its holdings in shares of Atlanticus by 9.3% in the 2nd quarter. Squarepoint Ops LLC now owns 8,310 shares of the credit services provider’s stock worth $234,000 after acquiring an additional 704 shares during the last quarter. Empowered Funds LLC raised its position in shares of Atlanticus by 7.5% during the first quarter. Empowered Funds LLC now owns 15,094 shares of the credit services provider’s stock worth $447,000 after purchasing an additional 1,050 shares during the period. Finally, Denali Advisors LLC raised its position in shares of Atlanticus by 5.2% during the first quarter. Denali Advisors LLC now owns 26,040 shares of the credit services provider’s stock worth $771,000 after purchasing an additional 1,285 shares during the period. 14.15% of the stock is owned by institutional investors and hedge funds.

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.