Atlanticus (NASDAQ:ATLC) Stock Price Expected to Rise, BTIG Research Analyst Says

Atlanticus (NASDAQ:ATLC) had its price target boosted by investment analysts at BTIG Research from $45.00 to $54.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the credit services provider’s stock. BTIG Research’s price target indicates a potential upside of 16.93% from the company’s current price.

Other research analysts have also issued reports about the company. StockNews.com raised Atlanticus from a “buy” rating to a “strong-buy” rating in a report on Friday, August 9th. JMP Securities raised their target price on shares of Atlanticus from $39.00 to $45.00 and gave the company a “market outperform” rating in a research note on Monday, October 14th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $48.75.

Atlanticus Trading Up 3.8 %

Atlanticus stock opened at $46.18 on Tuesday. Atlanticus has a 52-week low of $23.09 and a 52-week high of $46.62. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $680.69 million, a price-to-earnings ratio of 10.38 and a beta of 1.92. The firm has a 50-day moving average price of $36.01 and a two-hundred day moving average price of $32.06.

Atlanticus (NASDAQ:ATLC) last issued its quarterly earnings data on Thursday, November 7th. The credit services provider reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.04. Atlanticus had a return on equity of 25.14% and a net margin of 8.39%. The business had revenue of $351.22 million during the quarter, compared to the consensus estimate of $326.64 million. Sell-side analysts expect that Atlanticus will post 4.54 earnings per share for the current year.

Insider Transactions at Atlanticus

In other Atlanticus news, Director Deal W. Hudson sold 2,500 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $31.35, for a total value of $78,375.00. Following the completion of the sale, the director now directly owns 64,955 shares of the company’s stock, valued at approximately $2,036,339.25. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Atlanticus news, Director Deal W. Hudson sold 2,500 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $31.35, for a total value of $78,375.00. Following the transaction, the director now owns 64,955 shares of the company’s stock, valued at approximately $2,036,339.25. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Deal W. Hudson sold 1,200 shares of Atlanticus stock in a transaction on Thursday, September 5th. The stock was 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 $2,209,151.25. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 51.80% of the company’s stock.

Institutional Investors Weigh In On Atlanticus

A number of large investors have recently made changes to their positions in ATLC. Vanguard Group Inc. grew its position in Atlanticus by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 258,689 shares of the credit services provider’s stock worth $7,655,000 after purchasing an additional 2,453 shares in the last quarter. FMR LLC raised its position in Atlanticus by 393.1% during the third quarter. FMR LLC now owns 2,283 shares of the credit services provider’s stock valued at $80,000 after buying an additional 1,820 shares during the period. Empowered Funds LLC lifted its stake in Atlanticus by 7.5% in the 1st quarter. Empowered Funds LLC now owns 15,094 shares of the credit services provider’s stock worth $447,000 after acquiring an additional 1,050 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Atlanticus by 65.5% during the 1st quarter. BNP Paribas Financial Markets now owns 2,324 shares of the credit services provider’s stock worth $69,000 after acquiring an additional 920 shares during the period. Finally, Squarepoint Ops LLC grew its stake in Atlanticus by 9.3% during the 2nd quarter. Squarepoint Ops LLC now owns 8,310 shares of the credit services provider’s stock valued at $234,000 after acquiring an additional 704 shares in the last quarter. Institutional investors and hedge funds 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.