Atlanticus Holdings Co. (NASDAQ:ATLC) Receives $48.75 Average PT from Analysts

Shares of Atlanticus Holdings Co. (NASDAQ:ATLC) have earned a consensus rating of “Moderate Buy” from the five analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $53.00.

ATLC has been the subject of several analyst reports. StockNews.com raised shares of Atlanticus from a “buy” rating to a “strong-buy” rating in a report on Friday, August 9th. BTIG Research raised their price target on Atlanticus from $45.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. B. Riley increased their price target on shares of Atlanticus from $50.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Stephens began coverage on shares of Atlanticus in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $54.00 target price for the company. Finally, JMP Securities lifted their price target on Atlanticus from $45.00 to $54.00 and gave the stock a “market outperform” rating in a research note on Wednesday, November 13th.

Insider Activity at Atlanticus

In other news, Director Denise M. Harrod sold 1,141 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $49.00, for a total transaction of $55,909.00. Following the sale, the director now owns 5,659 shares of the company’s stock, valued at $277,291. This trade represents a 16.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Mitchell Saunders sold 16,004 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $55.55, for a total transaction of $889,022.20. Following the sale, the chief accounting officer now owns 50,973 shares of the company’s stock, valued at approximately $2,831,550.15. This represents a 23.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,204 shares of company stock worth $1,080,197 over the last ninety days. 51.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Atlanticus

A number of hedge funds have recently modified their holdings of the business. Rhumbline Advisers raised its position 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 valued at $229,000 after purchasing an additional 690 shares during the period. Squarepoint Ops LLC raised its position in Atlanticus by 9.3% during the second quarter. Squarepoint Ops LLC now owns 8,310 shares of the credit services provider’s stock valued at $234,000 after purchasing an additional 704 shares during the period. Empowered Funds LLC increased its position in Atlanticus by 5.0% during the third quarter. Empowered Funds LLC now owns 16,978 shares of the credit services provider’s stock valued at $596,000 after acquiring an additional 804 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Atlanticus by 65.5% in 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 last quarter. Finally, FMR LLC boosted its stake in shares of Atlanticus by 393.1% during the 3rd quarter. FMR LLC now owns 2,283 shares of the credit services provider’s stock worth $80,000 after purchasing an additional 1,820 shares during the period. Institutional investors own 14.15% of the company’s stock.

Atlanticus Stock Performance

NASDAQ:ATLC opened at $58.73 on Thursday. Atlanticus has a 1 year low of $23.09 and a 1 year high of $58.99. 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 business has a fifty day simple moving average of $39.80 and a two-hundred day simple moving average of $33.67. The company has a market capitalization of $865.62 million, a P/E ratio of 13.20 and a beta of 1.92.

Atlanticus (NASDAQ:ATLC) last posted its quarterly earnings results on Thursday, November 7th. The credit services provider reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.04. The firm had revenue of $351.22 million during the quarter, compared to analyst estimates of $326.64 million. Atlanticus had a return on equity of 25.14% and a net margin of 8.39%. On average, analysts expect that Atlanticus will post 4.47 earnings per share for the current year.

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.