Atlanticus Holdings Co. (NASDAQ:ATLC) Receives Consensus Rating of “Moderate Buy” from Analysts

Atlanticus Holdings Co. (NASDAQ:ATLC) has received an average rating of “Moderate Buy” from the five analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $57.20.

Several equities analysts have recently commented on ATLC shares. B. Riley upped their price objective on shares of Atlanticus from $50.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. BTIG Research boosted their price target on shares of Atlanticus from $45.00 to $54.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Stephens started coverage on Atlanticus in a report on Wednesday, November 13th. They issued an “overweight” rating and a $54.00 target price for the company. Finally, JMP Securities upped their price target on Atlanticus from $54.00 to $75.00 and gave the stock a “market outperform” rating in a report on Tuesday, December 3rd.

Atlanticus Trading Down 0.2 %

Shares of Atlanticus stock opened at $55.98 on Friday. Atlanticus has a 1-year low of $23.09 and a 1-year high of $64.70. The stock has a market cap of $825.09 million, a P/E ratio of 12.58 and a beta of 2.05. The stock’s 50 day simple moving average is $54.37 and its 200-day simple moving average is $40.71. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.44 and a quick ratio of 1.44.

Atlanticus (NASDAQ:ATLC) last released its quarterly earnings results on Thursday, November 7th. The credit services provider reported $1.27 EPS for the quarter, beating the consensus estimate of $1.23 by $0.04. The firm had revenue of $351.22 million for the quarter, compared to analyst estimates of $326.64 million. Atlanticus had a net margin of 8.39% and a return on equity of 25.14%. Analysts predict that Atlanticus will post 4.47 EPS for the current fiscal year.

Insider Buying and Selling at Atlanticus

In other Atlanticus news, Director Denise M. Harrod sold 1,141 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $49.00, for a total transaction of $55,909.00. Following the transaction, the director now owns 5,659 shares of the company’s stock, valued at approximately $277,291. This trade represents a 16.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Mitchell Saunders sold 16,004 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $55.55, for a total value of $889,022.20. Following the completion of the sale, the chief accounting officer now directly owns 50,973 shares of the company’s stock, valued at $2,831,550.15. The trade was a 23.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,504 shares of company stock worth $962,522 over the last ninety days. Corporate insiders own 51.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ATLC. FMR LLC raised 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 valued at $80,000 after buying an additional 1,820 shares during the last quarter. MetLife Investment Management LLC increased its position in Atlanticus by 158.8% in the 3rd quarter. MetLife Investment Management LLC now owns 2,971 shares of the credit services provider’s stock valued at $104,000 after acquiring an additional 1,823 shares during the period. Rhumbline Advisers raised its stake in Atlanticus by 9.3% during the 2nd quarter. Rhumbline Advisers now owns 8,127 shares of the credit services provider’s stock valued at $229,000 after acquiring an additional 690 shares during the last quarter. Squarepoint Ops LLC lifted its position in Atlanticus by 9.3% during 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 period. Finally, Barclays PLC lifted its position in Atlanticus by 285.6% during the 3rd quarter. Barclays PLC now owns 8,218 shares of the credit services provider’s stock worth $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.

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.