Susquehanna International Group LLP Takes $1.50 Million Position in Atlanticus Holdings Corporation $ATLC

Susquehanna International Group LLP bought a new position in shares of Atlanticus Holdings Corporation (NASDAQ:ATLC) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 14,666 shares of the credit services provider’s stock, valued at approximately $1,500,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ATLC. Range Financial Group LLC grew its position in shares of Atlanticus by 5.8% in the 1st quarter. Range Financial Group LLC now owns 4,526 shares of the credit services provider’s stock valued at $237,000 after acquiring an additional 247 shares during the period. Financial Management Professionals Inc. bought a new stake in shares of Atlanticus in the 2nd quarter valued at about $33,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Atlanticus by 5.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,194 shares of the credit services provider’s stock valued at $616,000 after purchasing an additional 478 shares during the period. Jump Financial LLC lifted its stake in Atlanticus by 6.1% in the 2nd quarter. Jump Financial LLC now owns 9,344 shares of the credit services provider’s stock valued at $512,000 after purchasing an additional 537 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in Atlanticus during the third quarter worth about $47,000. 14.15% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, major shareholder Frank J. Hanna III sold 15,676 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $104.26, for a total transaction of $1,634,379.76. Following the completion of the transaction, the insider owned 259,392 shares of the company’s stock, valued at approximately $27,044,209.92. The trade was a 5.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Mitchell Saunders sold 10,000 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $102.20, for a total value of $1,022,000.00. Following the transaction, the chief accounting officer directly owned 46,273 shares of the company’s stock, valued at approximately $4,729,100.60. The trade was a 17.77% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 75,000 shares of company stock worth $7,868,627. 51.00% of the stock is currently owned by company insiders.

Atlanticus Price Performance

NASDAQ ATLC opened at $91.08 on Monday. The company has a 50 day moving average of $99.97 and a 200-day moving average of $79.70. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 11.84 and a beta of 2.11. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.99. Atlanticus Holdings Corporation has a 1-year low of $47.50 and a 1-year high of $114.34.

Atlanticus (NASDAQ:ATLC) last released its earnings results on Thursday, August 6th. The credit services provider reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.08. The company had revenue of $744.31 million for the quarter, compared to analyst estimates of $716.35 million. Atlanticus had a return on equity of 25.17% and a net margin of 5.80%. On average, equities research analysts expect that Atlanticus Holdings Corporation will post 9.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ATLC shares. Texas Capital upgraded Atlanticus from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. HSBC set a $144.00 price target on Atlanticus in a research note on Monday, July 13th. Wall Street Zen raised Atlanticus from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 16th. Capital One Financial set a $144.00 price objective on shares of Atlanticus in a report on Monday, July 13th. Finally, Citigroup restated an “outperform” rating on shares of Atlanticus in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $126.00.

Atlanticus 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.