William Mccamey Sells 10,000 Shares of Atlanticus (NASDAQ:ATLC) Stock

Atlanticus Holdings Corporation (NASDAQ:ATLC) CFO William Mccamey 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 transaction, the chief financial officer directly owned 137,410 shares in the company, valued at approximately $15,039,524.50. The trade was a 6.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Atlanticus Stock Performance

Shares of Atlanticus stock traded up $2.19 during trading hours on Friday, hitting $110.46. 411,859 shares of the company were exchanged, compared to its average volume of 157,105. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.08. The business has a 50-day moving average of $84.81 and a 200-day moving average of $67.84. Atlanticus Holdings Corporation has a 1 year low of $45.74 and a 1 year high of $112.61. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 16.49 and a beta of 2.14.

Atlanticus (NASDAQ:ATLC) last posted its quarterly earnings data on Thursday, May 7th. The credit services provider reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.54. The firm had revenue of $679.59 million for the quarter, compared to analyst estimates 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.

Hedge Funds Weigh In On Atlanticus

A number of large investors have recently made changes to their positions in ATLC. Wellington Management Group LLP increased its holdings in shares of Atlanticus by 54.7% in the 4th quarter. Wellington Management Group LLP now owns 704,282 shares of the credit services provider’s stock valued at $47,152,000 after purchasing an additional 249,100 shares in the last quarter. HB Wealth Management LLC boosted its holdings in Atlanticus by 1,761.6% during the first quarter. HB Wealth Management LLC now owns 118,788 shares of the credit services provider’s stock worth $6,233,000 after buying an additional 112,407 shares in the last quarter. Bridgeway Capital Management LLC grew its position in Atlanticus by 133.5% during the second quarter. Bridgeway Capital Management LLC now owns 93,234 shares of the credit services provider’s stock worth $5,105,000 after buying an additional 53,312 shares during the period. UBS Group AG grew its position in Atlanticus by 333.2% during the fourth quarter. UBS Group AG now owns 37,582 shares of the credit services provider’s stock worth $2,516,000 after buying an additional 28,907 shares during the period. Finally, AQR Capital Management LLC purchased a new position in Atlanticus in the first quarter valued at about $1,083,000. Hedge funds and other institutional investors own 14.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Zacks Research raised shares of Atlanticus from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Wall Street Zen raised Atlanticus from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Texas Capital upgraded Atlanticus to a “hold” rating in a research report on Wednesday, June 10th. B. Riley Financial reissued a “buy” rating on shares of Atlanticus in a research note on Thursday, May 14th. Finally, Citizens Jmp raised their price target on Atlanticus from $100.00 to $102.00 and gave the company a “market outperform” rating in a report on Tuesday, March 17th. One equities research 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.25.

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.