Atlanticus (NASDAQ:ATLC) CEO Jeffrey Howard Sells 10,000 Shares of Stock

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

Atlanticus Stock Up 2.0%

NASDAQ:ATLC opened at $110.46 on Friday. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 16.49 and a beta of 2.14. Atlanticus Holdings Corporation has a one year low of $45.74 and a one year high of $112.61. The stock has a 50-day simple moving average of $84.81 and a 200 day simple moving average of $67.84. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.24 and a current ratio of 1.24.

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Texas Capital upgraded Atlanticus to a “hold” rating in a research note on Wednesday, June 10th. William Blair set a $100.00 target price on shares of Atlanticus in a research note on Wednesday, June 10th. Weiss Ratings raised shares of Atlanticus from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. B. Riley Financial restated a “buy” rating on shares of Atlanticus in a research report on Thursday, May 14th. Finally, Citizens Jmp boosted their price objective on shares of Atlanticus from $100.00 to $102.00 and gave the company a “market outperform” rating in a research report on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $101.25.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Range Financial Group LLC grew its stake in Atlanticus by 5.8% during the 1st quarter. Range Financial Group LLC now owns 4,526 shares of the credit services provider’s stock worth $237,000 after buying an additional 247 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Atlanticus by 5.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,194 shares of the credit services provider’s stock valued at $616,000 after buying an additional 478 shares during the last quarter. Jump Financial LLC boosted its holdings in shares of Atlanticus by 6.1% during the second quarter. Jump Financial LLC now owns 9,344 shares of the credit services provider’s stock valued at $512,000 after acquiring an additional 537 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Atlanticus by 9.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 7,783 shares of the credit services provider’s stock valued at $521,000 after acquiring an additional 681 shares during the period. Finally, Advisory Services Network LLC bought a new position in shares of Atlanticus during the third quarter worth about $47,000. Institutional investors and hedge funds 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.