3,760 Shares in Atlanticus Holdings Co. (NASDAQ:ATLC) Bought by Semanteon Capital Management LP

Semanteon Capital Management LP bought a new position in Atlanticus Holdings Co. (NASDAQ:ATLC) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 3,760 shares of the credit services provider’s stock, valued at approximately $210,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Globeflex Capital L P acquired a new stake in Atlanticus during the 4th quarter worth about $119,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Atlanticus during the 4th quarter valued at about $425,000. Bailard Inc. acquired a new stake in Atlanticus in the 4th quarter worth about $332,000. Denali Advisors LLC acquired a new stake in Atlanticus in the 4th quarter worth about $399,000. Finally, New York State Common Retirement Fund boosted its holdings in Atlanticus by 19.2% in the 4th quarter. New York State Common Retirement Fund now owns 7,454 shares of the credit services provider’s stock worth $416,000 after buying an additional 1,200 shares during the last quarter. Hedge funds and other institutional investors own 14.15% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ATLC. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $52.00 price objective (up from $45.00) on shares of Atlanticus in a report on Monday, March 17th. B. Riley raised shares of Atlanticus to a “strong-buy” rating in a research note on Tuesday, January 7th. Finally, JMP Securities raised their target price on shares of Atlanticus from $54.00 to $75.00 and gave the stock a “market outperform” rating in a research note on Tuesday, December 3rd. One equities research 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. According to MarketBeat, Atlanticus presently has a consensus rating of “Buy” and an average target price of $61.00.

Atlanticus Trading Down 1.5 %

ATLC opened at $50.51 on Friday. The firm has a market capitalization of $763.46 million, a price-to-earnings ratio of 11.35 and a beta of 2.16. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.44 and a quick ratio of 1.44. The company’s 50 day simple moving average is $55.01 and its two-hundred day simple moving average is $48.82. Atlanticus Holdings Co. has a 1-year low of $23.10 and a 1-year high of $64.70.

Atlanticus (NASDAQ:ATLC) last released its quarterly earnings results on Thursday, March 13th. The credit services provider reported $1.42 EPS for the quarter, beating the consensus estimate of $1.23 by $0.19. The firm had revenue of $353.19 million for the quarter, compared to analyst estimates of $355.02 million. Atlanticus had a net margin of 8.39% and a return on equity of 25.14%. Analysts expect that Atlanticus Holdings Co. will post 4.49 EPS for the current fiscal year.

Atlanticus 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.