Los Angeles Capital Management LLC Has $1.36 Million Stock Holdings in Atlanticus Holdings Co. (NASDAQ:ATLC)

Los Angeles Capital Management LLC decreased its holdings in shares of Atlanticus Holdings Co. (NASDAQ:ATLC) by 14.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,377 shares of the credit services provider’s stock after selling 4,000 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.17% of Atlanticus worth $1,360,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in ATLC. Rhumbline Advisers increased its position in Atlanticus by 3.2% during the 4th quarter. Rhumbline Advisers now owns 8,128 shares of the credit services provider’s stock worth $453,000 after buying an additional 255 shares during the period. Empowered Funds LLC increased its position in Atlanticus by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 16,978 shares of the credit services provider’s stock worth $596,000 after buying an additional 804 shares during the period. New York State Common Retirement Fund increased its position in Atlanticus by 19.2% during 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 period. FMR LLC increased its position in 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 buying an additional 1,820 shares during the period. Finally, MetLife Investment Management LLC increased its position in shares of Atlanticus by 158.8% in the third quarter. MetLife Investment Management LLC now owns 2,971 shares of the credit services provider’s stock worth $104,000 after purchasing an additional 1,823 shares during the period. Institutional investors and hedge funds own 14.15% of the company’s stock.

Analyst Ratings Changes

ATLC has been the topic of a number of recent analyst reports. BTIG Research raised their price target on Atlanticus from $45.00 to $54.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. JMP Securities raised their price target on Atlanticus from $54.00 to $75.00 and gave the stock a “market outperform” rating in a research report on Tuesday, December 3rd. B. Riley upgraded Atlanticus to a “strong-buy” rating in a research report on Tuesday, January 7th. Finally, Stephens initiated coverage on Atlanticus in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $54.00 price target on the stock. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $57.20.

Atlanticus Stock Performance

NASDAQ:ATLC opened at $54.93 on Friday. The stock’s 50-day simple moving average is $57.58 and its 200 day simple moving average is $47.27. The firm has a market capitalization of $809.67 million, a PE ratio of 12.34 and a beta of 2.10. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.59. Atlanticus Holdings Co. has a twelve month low of $23.09 and a twelve month high of $64.70.

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.