Atlanticus (NASDAQ:ATLC) Stock Price Down 6.6% – Should You Sell?

Atlanticus Holdings Corporation (NASDAQ:ATLC) traded down 6.6% during trading on Thursday . The company traded as low as $83.73 and last traded at $82.7830. 18,509 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 76,481 shares. The stock had previously closed at $88.59.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Wall Street Zen raised Atlanticus from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Zacks Research upgraded Atlanticus from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. William Blair set a $100.00 price objective on Atlanticus in a research note on Wednesday. Citizens Jmp upped their price objective on Atlanticus from $100.00 to $102.00 and gave the company a “market outperform” rating in a research note on Tuesday, March 17th. Finally, B. Riley Financial restated a “buy” rating on shares of Atlanticus in a research note on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Atlanticus currently has a consensus rating of “Buy” and an average target price of $101.25.

Atlanticus Price Performance

The stock has a market cap of $1.31 billion, a P/E ratio of 12.88 and a beta of 2.14. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.24 and a current ratio of 1.24. The business has a 50 day simple moving average of $75.23 and a 200-day simple moving average of $64.38.

Atlanticus (NASDAQ:ATLC) last posted its quarterly earnings results on Thursday, May 7th. The credit services provider reported $2.23 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.54. The company had revenue of $679.59 million during the quarter, compared to the consensus estimate of $749.36 million. Atlanticus had a return on equity of 23.43% and a net margin of 5.86%. On average, sell-side analysts forecast that Atlanticus Holdings Corporation will post 9.48 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp bought a new position in shares of Atlanticus during the 3rd quarter worth $38,000. Advisory Services Network LLC purchased a new stake in Atlanticus during the 3rd quarter worth about $47,000. Jones Financial Companies Lllp purchased a new stake in Atlanticus during the 1st quarter worth about $71,000. AlphaQuest LLC lifted its holdings in Atlanticus by 20,442.9% during the 3rd quarter. AlphaQuest LLC now owns 1,438 shares of the credit services provider’s stock worth $84,000 after purchasing an additional 1,431 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in Atlanticus during the 4th quarter worth about $105,000. Institutional investors own 14.15% of the company’s stock.

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.