Atlanticus Holdings Corporation (NASDAQ:ATLC) Receives $76.60 Consensus PT from Brokerages

Shares of Atlanticus Holdings Corporation (NASDAQ:ATLC) have been given an average recommendation of “Moderate Buy” by the seven ratings firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $76.60.

Several research firms recently issued reports on ATLC. Wall Street Zen raised shares of Atlanticus from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 26th. BTIG Research restated a “buy” rating and issued a $84.00 target price on shares of Atlanticus in a research note on Thursday, September 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Atlanticus in a report on Wednesday, October 8th. Citigroup reaffirmed an “outperform” rating on shares of Atlanticus in a report on Thursday, September 18th. Finally, JMP Securities upped their price target on shares of Atlanticus from $78.00 to $95.00 and gave the stock a “market outperform” rating in a report on Thursday, September 18th.

Atlanticus Stock Down 7.7%

Shares of ATLC opened at $53.47 on Friday. The company has a market capitalization of $808.47 million, a PE ratio of 9.40 and a beta of 2.15. The stock’s 50-day moving average price is $63.59 and its two-hundred day moving average price is $56.07. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.55. Atlanticus has a 12 month low of $35.36 and a 12 month high of $78.91.

Atlanticus (NASDAQ:ATLC) last released its earnings results on Thursday, August 7th. The credit services provider reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.21. Atlanticus had a net margin of 8.51% and a return on equity of 24.20%. The business had revenue of $393.82 million for the quarter, compared to analyst estimates of $373.87 million. On average, analysts anticipate that Atlanticus will post 4.49 EPS for the current year.

Atlanticus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 1st were issued a $0.4766 dividend. This represents a $1.91 dividend on an annualized basis and a dividend yield of 3.6%.

Insider Transactions at Atlanticus

In related news, Director Deal W. Hudson sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $62.39, for a total transaction of $124,780.00. Following the completion of the sale, the director directly owned 61,092 shares in the company, valued at $3,811,529.88. This represents a 3.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 50.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Atlanticus

A number of large investors have recently modified their holdings of ATLC. Wellington Management Group LLP lifted its holdings in Atlanticus by 198.9% in the first quarter. Wellington Management Group LLP now owns 365,278 shares of the credit services provider’s stock worth $18,684,000 after buying an additional 243,053 shares during the period. Geode Capital Management LLC raised its position in shares of Atlanticus by 2.3% in the 2nd quarter. Geode Capital Management LLC now owns 126,841 shares of the credit services provider’s stock worth $6,945,000 after acquiring an additional 2,812 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Atlanticus by 25.8% in the 2nd quarter. American Century Companies Inc. now owns 120,071 shares of the credit services provider’s stock valued at $6,574,000 after purchasing an additional 24,595 shares during the period. Bridgeway Capital Management LLC boosted its position in shares of Atlanticus by 133.5% during the second quarter. Bridgeway Capital Management LLC now owns 93,234 shares of the credit services provider’s stock valued at $5,105,000 after purchasing an additional 53,312 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in Atlanticus by 1.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 82,629 shares of the credit services provider’s stock worth $4,524,000 after purchasing an additional 982 shares during the period. Institutional investors own 14.15% of the company’s stock.

Atlanticus Company Profile

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.