Atlanticus Holdings Co. (NASDAQ:ATLC) Director Sells $39,300.00 in Stock

Atlanticus Holdings Co. (NASDAQ:ATLC) Director Deal W. Hudson sold 1,200 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $32.75, for a total value of $39,300.00. Following the sale, the director now owns 67,455 shares of the company’s stock, valued at approximately $2,209,151.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Atlanticus Stock Up 0.7 %

NASDAQ ATLC opened at $30.78 on Thursday. The stock has a market cap of $455.30 million, a PE ratio of 7.26 and a beta of 1.94. Atlanticus Holdings Co. has a fifty-two week low of $23.09 and a fifty-two week high of $39.53. The business has a 50 day moving average price of $33.03 and a two-hundred day moving average price of $29.70. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.46.

Atlanticus (NASDAQ:ATLC) last released its quarterly earnings results on Thursday, August 8th. The credit services provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.12. The firm had revenue of $315.64 million during the quarter, compared to analysts’ expectations of $309.74 million. Atlanticus had a return on equity of 25.32% and a net margin of 8.42%. As a group, sell-side analysts predict that Atlanticus Holdings Co. will post 4.65 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ATLC. JMP Securities reiterated a “market outperform” rating and set a $39.00 target price on shares of Atlanticus in a report on Tuesday, May 28th. BTIG Research assumed coverage on Atlanticus in a report on Friday, June 7th. They set a “buy” rating and a $45.00 target price for the company. StockNews.com upgraded Atlanticus from a “buy” rating to a “strong-buy” rating in a report on Friday, August 9th. Finally, Keefe, Bruyette & Woods assumed coverage on Atlanticus in a report on Wednesday, May 22nd. They issued a “market perform” rating and a $33.00 price target for the company. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Atlanticus has a consensus rating of “Moderate Buy” and an average target price of $39.25.

Hedge Funds Weigh In On Atlanticus

Several institutional investors and hedge funds have recently made changes to their positions in the business. Rhumbline Advisers boosted its stake 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 buying an additional 690 shares during the last quarter. Squarepoint Ops LLC boosted its stake in shares of Atlanticus by 9.3% during the 2nd quarter. Squarepoint Ops LLC now owns 8,310 shares of the credit services provider’s stock valued at $234,000 after buying an additional 704 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Atlanticus by 65.5% during the 1st quarter. BNP Paribas Financial Markets now owns 2,324 shares of the credit services provider’s stock valued at $69,000 after buying an additional 920 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Atlanticus by 7.5% during the 1st quarter. Empowered Funds LLC now owns 15,094 shares of the credit services provider’s stock valued at $447,000 after buying an additional 1,050 shares during the last quarter. Finally, Denali Advisors LLC boosted its stake in shares of Atlanticus by 5.2% during the 1st quarter. Denali Advisors LLC now owns 26,040 shares of the credit services provider’s stock valued at $771,000 after buying an additional 1,285 shares during the last quarter. 14.15% of the stock is currently owned by hedge funds and other institutional investors.

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.