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

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

Other research analysts have also issued research reports about the stock. B. Riley upgraded shares of Atlanticus to a “strong-buy” rating in a report on Tuesday, January 7th. JMP Securities upped their price target on shares of Atlanticus from $54.00 to $75.00 and gave the company a “market outperform” rating in a research report on Tuesday, December 3rd. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $61.00.

Atlanticus Price Performance

Shares of NASDAQ:ATLC opened at $51.50 on Monday. The firm has a 50 day simple moving average of $55.16 and a 200 day simple moving average of $48.58. The company has a market cap of $759.06 million, a price-to-earnings ratio of 11.57 and a beta of 2.16. Atlanticus has a one year low of $23.10 and a one year high of $64.70. 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 issued its quarterly earnings data on Thursday, March 13th. The credit services provider reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.19. The business had revenue of $353.19 million for the quarter, compared to analyst estimates of $355.02 million. Atlanticus had a return on equity of 25.14% and a net margin of 8.39%. Research analysts predict that Atlanticus will post 4.49 earnings per share for the current fiscal year.

Institutional Trading of Atlanticus

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake in shares of Atlanticus by 159.2% in the 4th quarter. Wellington Management Group LLP now owns 122,225 shares of the credit services provider’s stock valued at $6,818,000 after purchasing an additional 75,068 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Atlanticus in the fourth quarter valued at $3,828,000. Renaissance Technologies LLC boosted its position in Atlanticus by 19.9% during the fourth quarter. Renaissance Technologies LLC now owns 125,558 shares of the credit services provider’s stock valued at $7,004,000 after acquiring an additional 20,800 shares during the last quarter. American Century Companies Inc. raised its position in shares of Atlanticus by 60.7% in the 4th quarter. American Century Companies Inc. now owns 52,334 shares of the credit services provider’s stock worth $2,919,000 after acquiring an additional 19,776 shares in the last quarter. Finally, Millennium Management LLC acquired a new position in shares of Atlanticus in the 4th quarter valued at about $987,000. 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.