Atlanticus (NASDAQ:ATLC) Sees Unusually-High Trading Volume – What’s Next?

Atlanticus Holdings Corporation (NASDAQ:ATLC) shares saw an uptick in trading volume on Monday . 121,630 shares changed hands during mid-day trading, an increase of 55% from the previous session’s volume of 78,439 shares.The stock last traded at $95.13 and had previously closed at $92.38.

Analyst Ratings Changes

A number of brokerages have commented on ATLC. B. Riley Financial reiterated a “buy” rating on shares of Atlanticus in a report on Thursday, May 14th. William Blair set a $100.00 price objective on shares of Atlanticus in a report on Wednesday, June 10th. Texas Capital upgraded shares of Atlanticus to a “hold” rating in a report on Wednesday, June 10th. Weiss Ratings upgraded shares of Atlanticus from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Finally, Wall Street Zen upgraded shares of Atlanticus from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Atlanticus has a consensus rating of “Moderate Buy” and a consensus target price of $101.25.

Atlanticus Price Performance

The company’s 50-day moving average price is $78.46 and its two-hundred day moving average price is $65.43. The company has a market cap of $1.45 billion, a P/E ratio of 14.29 and a beta of 2.14. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.08.

Atlanticus (NASDAQ:ATLC) last released its earnings results on Thursday, May 7th. The credit services provider reported $2.23 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.54. The company had revenue of $679.59 million during the quarter, compared to the consensus estimate of $749.36 million. Atlanticus had a net margin of 5.86% and a return on equity of 23.43%. As a group, sell-side analysts expect that Atlanticus Holdings Corporation will post 9.48 earnings per share for the current year.

Institutional Investors Weigh In On Atlanticus

Several hedge funds and other institutional investors have recently modified their holdings of ATLC. Advisory Services Network LLC bought a new stake in shares of Atlanticus in the 3rd quarter worth about $47,000. Jones Financial Companies Lllp bought a new stake in shares of Atlanticus during the 1st quarter valued at about $71,000. Inspire Investing LLC bought a new stake in shares of Atlanticus during the 1st quarter valued at about $87,000. BNP Paribas Financial Markets grew its position in shares of Atlanticus by 334.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,735 shares of the credit services provider’s stock valued at $95,000 after buying an additional 1,336 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in shares of Atlanticus during the 4th quarter valued at about $105,000. Institutional investors own 14.15% of the company’s stock.

About Atlanticus

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.