William Mccamey Sells 10,000 Shares of Atlanticus (NASDAQ:ATLC) Stock

Atlanticus Holdings Corporation (NASDAQ:ATLC) CFO William Mccamey sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $103.01, for a total transaction of $1,030,100.00. Following the completion of the transaction, the chief financial officer owned 127,410 shares of the company’s stock, valued at approximately $13,124,504.10. The trade was a 7.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

William Mccamey also recently made the following trade(s):

• On Friday, June 26th, William Mccamey sold 10,000 shares of Atlanticus stock. The stock was sold at an average price of $109.45, for a total transaction of $1,094,500.00.

Atlanticus Price Performance

ATLC stock opened at $96.40 on Friday. Atlanticus Holdings Corporation has a 52-week low of $45.74 and a 52-week high of $112.61. The company’s 50 day simple moving average is $87.72 and its 200-day simple moving average is $69.15. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market capitalization of $1.46 billion, a P/E ratio of 14.39 and a beta of 2.11.

Atlanticus (NASDAQ:ATLC) last posted its quarterly earnings data on Thursday, May 7th. The credit services provider reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.54. Atlanticus had a net margin of 5.86% and a return on equity of 23.43%. The firm had revenue of $679.59 million during the quarter, compared to analyst estimates of $749.36 million. As a group, equities research analysts anticipate that Atlanticus Holdings Corporation will post 9.48 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ATLC shares. William Blair set a $100.00 target price on Atlanticus in a research report on Wednesday, June 10th. Wall Street Zen downgraded Atlanticus from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 27th. Citizens Jmp raised their price objective on Atlanticus from $100.00 to $102.00 and gave the stock a “market outperform” rating in a research report on Tuesday, March 17th. Texas Capital raised Atlanticus to a “hold” rating in a research note on Wednesday, June 10th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Atlanticus in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $119.75.

Hedge Funds Weigh In On Atlanticus

A number of hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC purchased a new stake in shares of Atlanticus during the third quarter worth $47,000. Jones Financial Companies Lllp purchased a new position in Atlanticus in the first quarter valued at about $71,000. State of Alaska Department of Revenue acquired a new position in Atlanticus in the 4th quarter worth about $105,000. Inspire Investing LLC purchased a new stake in shares of Atlanticus during the 1st quarter worth about $87,000. Finally, BNP Paribas Financial Markets raised its stake in shares of Atlanticus by 334.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,735 shares of the credit services provider’s stock worth $95,000 after purchasing an additional 1,336 shares in the last quarter. 14.15% of the stock is owned by institutional investors and hedge funds.

Atlanticus Company Profile

Atlanticus Holdings Corporation is a specialty financial services holding company that provides credit products and solutions to consumers across the United States. Through its subsidiaries, the company offers proprietary credit card programs, installment loan products and deposit accounts designed to serve customers who may have limited access to traditional credit. Atlanticus markets its offerings through a variety of channels, including direct‐to‐consumer online platforms, mail order, call centers and partnerships with retail and e-commerce businesses.

The company underwrites and services credit card portfolios under private-label and co-branded agreements, combining technology‐enabled underwriting with tailored customer service.