Shares of Atlanticus Holdings Corp (NASDAQ:ATLC) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $4.53 and traded as high as $6.00. Atlanticus shares last traded at $6.00, with a volume of 100 shares trading hands.
Separately, TheStreet upgraded Atlanticus from a “d+” rating to a “c” rating in a report on Friday, June 28th.
The stock’s 50 day moving average price is $4.53. The stock has a market cap of $96.48 million, a PE ratio of 4.68 and a beta of 0.24.
Atlanticus (NASDAQ:ATLC) last issued its earnings results on Tuesday, May 14th. The credit services provider reported $0.39 EPS for the quarter. Atlanticus had a negative return on equity of 61.75% and a net margin of 7.77%. The firm had revenue of $57.07 million for the quarter.
In other news, Director Thomas G. Rosencrants bought 9,000 shares of the stock in a transaction on Friday, May 17th. The shares were purchased at an average price of $3.49 per share, for a total transaction of $31,410.00. Following the completion of the purchase, the director now directly owns 70,000 shares of the company’s stock, valued at approximately $244,300. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 34.70% of the company’s stock.
A hedge fund recently bought a new stake in Atlanticus stock. Zazove Associates LLC purchased a new position in Atlanticus Holdings Corp (NASDAQ:ATLC) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 143,148 shares of the credit services provider’s stock, valued at approximately $580,000. Zazove Associates LLC owned about 0.90% of Atlanticus at the end of the most recent reporting period. 15.17% of the stock is currently owned by institutional investors.
About Atlanticus (NASDAQ:ATLC)
Atlanticus Holdings Corporation provides credit and related financial services and products to financially underserved consumer credit market in the United States. It operates in two segments, Credit and Other Investments, and Auto Finance. The Credit and Other Investments segment originates a range of consumer loan products, such as retail credit, personal loans, and credit cards through various channels, including retail point-of-sale, direct mail solicitation, Internet-based marketing, and partnerships with third parties; and offers point-of-sale financing by partnering with retailers and service providers to provide credit to their customers for the purchase of various goods and services.
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