Atlanticus (NASDAQ:ATLC) Major Shareholder Frank Hanna III Sells 1,005 Shares of Stock

Atlanticus Holdings Corporation (NASDAQ:ATLC) major shareholder Frank Hanna III sold 1,005 shares of the business’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $105.00, for a total value of $105,525.00. Following the completion of the sale, the insider directly owned 283,387 shares in the company, valued at $29,755,635. This represents a 0.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Atlanticus Trading Up 1.5%

NASDAQ ATLC traded up $1.50 on Wednesday, hitting $103.75. 242,344 shares of the company were exchanged, compared to its average volume of 178,765. Atlanticus Holdings Corporation has a twelve month low of $45.74 and a twelve month high of $112.61. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market capitalization of $1.57 billion, a P/E ratio of 15.49 and a beta of 2.11. The company’s 50 day moving average price is $86.80 and its 200-day moving average price is $68.74.

Atlanticus (NASDAQ:ATLC) last announced its quarterly earnings data on Thursday, May 7th. The credit services provider reported $2.23 EPS 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 the consensus estimate of $749.36 million. Atlanticus had a net margin of 5.86% and a return on equity of 23.43%. Analysts predict that Atlanticus Holdings Corporation will post 9.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ATLC. William Blair set a $100.00 target price on Atlanticus in a research note on Wednesday, June 10th. Citizens Jmp lifted their price objective on shares of Atlanticus from $100.00 to $102.00 and gave the stock a “market outperform” rating in a research note on Tuesday, March 17th. BTIG Research boosted their price objective on Atlanticus from $105.00 to $179.00 and gave the company a “buy” rating in a research report on Tuesday. Wall Street Zen lowered shares of Atlanticus from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Texas Capital raised shares of Atlanticus to a “hold” rating in a research report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $119.75.

Institutional Investors Weigh In On Atlanticus

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC bought a new position in shares of Atlanticus during the third quarter valued at $47,000. Jones Financial Companies Lllp bought a new stake in shares of Atlanticus during the first quarter valued at approximately $71,000. Inspire Investing LLC bought a new stake in shares of Atlanticus during the first quarter worth about $87,000. BNP Paribas Financial Markets lifted its holdings in shares of 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 purchasing an additional 1,336 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in Atlanticus during the fourth quarter worth about $105,000. Institutional investors 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.