Insider Selling: Atlanticus (NASDAQ:ATLC) CEO Sells $1,094,500.00 in Stock

Atlanticus Holdings Corporation (NASDAQ:ATLC) CEO Jeffrey Howard sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $109.45, for a total value of $1,094,500.00. Following the completion of the sale, the chief executive officer owned 673,265 shares in the company, valued at $73,688,854.25. The trade was a 1.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Atlanticus Trading Up 0.0%

NASDAQ:ATLC opened at $110.46 on Monday. The company has a market cap of $1.67 billion, a P/E ratio of 16.49 and a beta of 2.14. Atlanticus Holdings Corporation has a twelve month low of $45.74 and a twelve month high of $112.61. The business has a 50 day moving average price of $84.81 and a two-hundred day moving average price of $67.91. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.08.

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

Analyst Ratings Changes

Several equities research analysts have commented on ATLC shares. Citizens Jmp boosted their price target on shares of Atlanticus from $100.00 to $102.00 and gave the stock a “market outperform” rating in a research report on Tuesday, March 17th. William Blair set a $100.00 price objective on Atlanticus in a report on Wednesday, June 10th. Weiss Ratings upgraded Atlanticus from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Zacks Research raised Atlanticus from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Atlanticus in a report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $101.25.

Institutional Trading of Atlanticus

A number of large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in shares of Atlanticus by 274.6% during the 1st quarter. Royal Bank of Canada now owns 23,314 shares of the credit services provider’s stock worth $1,193,000 after purchasing an additional 17,091 shares during the last quarter. AQR Capital Management LLC acquired a new stake in Atlanticus in the 1st quarter valued at about $1,083,000. Jones Financial Companies Lllp acquired a new stake in Atlanticus in the 1st quarter valued at about $71,000. Empowered Funds LLC grew its holdings in Atlanticus by 47.3% during the first quarter. Empowered Funds LLC now owns 38,312 shares of the credit services provider’s stock worth $1,960,000 after purchasing an additional 12,308 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Atlanticus by 241.1% during the second quarter. JPMorgan Chase & Co. now owns 18,039 shares of the credit services provider’s stock worth $988,000 after purchasing an additional 12,751 shares during the period. Institutional investors and hedge funds own 14.15% of the company’s stock.

About Atlanticus

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.