Philadelphia Financial Management of San Francisco LLC Invests $9.16 Million in Atlanticus Holdings Corporation $ATLC

Philadelphia Financial Management of San Francisco LLC purchased a new stake in Atlanticus Holdings Corporation (NASDAQ:ATLC) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 89,597 shares of the credit services provider’s stock, valued at approximately $9,161,293. Atlanticus accounts for about 0.0% of Philadelphia Financial Management of San Francisco LLC’s portfolio, making the stock its 15th largest position. Philadelphia Financial Management of San Francisco LLC owned 0.59% of Atlanticus as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ATLC. Financial Management Professionals Inc. bought a new stake in shares of Atlanticus during the 2nd quarter worth about $33,000. Advisory Services Network LLC purchased a new position in shares of Atlanticus during the third quarter valued at approximately $47,000. Jones Financial Companies Lllp bought a new position in Atlanticus in the 1st quarter valued at $71,000. Inspire Investing LLC purchased a new position in shares of Atlanticus during the first quarter valued at approximately $87,000. Finally, BNP Paribas Financial Markets lifted its holdings in Atlanticus by 334.8% in the second quarter. BNP Paribas Financial Markets now owns 1,735 shares of the credit services provider’s stock valued at $95,000 after acquiring an additional 1,336 shares during the period. 14.15% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Atlanticus

In other news, CAO Mitchell Saunders sold 10,000 shares of the firm’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $102.20, for a total transaction of $1,022,000.00. Following the completion of the sale, the chief accounting officer owned 46,273 shares in the company, valued at approximately $4,729,100.60. This trade represents a 17.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO William Mccamey sold 10,000 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $103.01, for a total value of $1,030,100.00. Following the completion of the transaction, the chief financial officer directly owned 127,410 shares in the company, valued at approximately $13,124,504.10. This represents a 7.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 75,000 shares of company stock valued at $7,868,627. Company insiders own 51.00% of the company’s stock.

Atlanticus Stock Performance

Atlanticus stock traded down $1.95 during trading on Friday, hitting $91.08. The stock had a trading volume of 99,329 shares, compared to its average volume of 109,400. The stock’s 50 day moving average is $100.15 and its two-hundred day moving average is $79.47. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.99. Atlanticus Holdings Corporation has a 1 year low of $47.50 and a 1 year high of $114.34. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 11.84 and a beta of 2.11.

Atlanticus (NASDAQ:ATLC) last announced its quarterly earnings data on Thursday, August 6th. The credit services provider reported $2.50 EPS for the quarter, beating the consensus estimate of $2.42 by $0.08. Atlanticus had a return on equity of 25.17% and a net margin of 5.80%.The business had revenue of $744.31 million for the quarter, compared to the consensus estimate of $716.35 million. As a group, analysts predict that Atlanticus Holdings Corporation will post 9.48 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group boosted their price target on Atlanticus from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. BTIG Research lifted their price objective on shares of Atlanticus from $105.00 to $179.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th. Texas Capital upgraded shares of Atlanticus from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Zacks Research downgraded shares of Atlanticus from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Finally, HSBC set a $144.00 price target on Atlanticus in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Atlanticus currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.00.

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.