Atlanticus (NASDAQ:ATLC) Stock Rating Lowered by StockNews.com

Atlanticus (NASDAQ:ATLC) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Friday.

A number of other research analysts have also commented on the company. JMP Securities reissued a “market outperform” rating and set a $39.00 price objective on shares of Atlanticus in a report on Tuesday, May 28th. BTIG Research started coverage on Atlanticus in a report on Friday, June 7th. They set a “buy” rating and a $45.00 price objective on the stock. Finally, Keefe, Bruyette & Woods started coverage on Atlanticus in a report on Wednesday, May 22nd. They set a “market perform” rating and a $33.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $39.25.

Atlanticus Stock Down 1.2 %

NASDAQ ATLC traded down $0.43 on Friday, reaching $35.56. The stock had a trading volume of 28,071 shares, compared to its average volume of 16,885. The business has a 50 day moving average price of $29.05 and a 200 day moving average price of $30.08. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.48. Atlanticus has a 1 year low of $23.09 and a 1 year high of $40.83. The company has a market capitalization of $525.93 million, a price-to-earnings ratio of 8.39 and a beta of 1.88.

Atlanticus (NASDAQ:ATLC) last issued its earnings results on Friday, May 10th. The credit services provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.11. Atlanticus had a return on equity of 26.67% and a net margin of 8.67%. The firm had revenue of $290.17 million for the quarter, compared to the consensus estimate of $309.78 million. On average, analysts forecast that Atlanticus will post 4.52 EPS for the current fiscal year.

Insider Buying and Selling at Atlanticus

In other Atlanticus news, Director Deal W. Hudson sold 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $26.05, for a total value of $31,260.00. Following the sale, the director now owns 68,655 shares of the company’s stock, valued at approximately $1,788,462.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 51.80% of the company’s stock.

Institutional Trading of Atlanticus

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its holdings in shares of Atlanticus by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 602,272 shares of the credit services provider’s stock worth $23,290,000 after purchasing an additional 7,234 shares in the last quarter. Denali Advisors LLC grew its holdings in shares of Atlanticus by 5.2% during the 1st quarter. Denali Advisors LLC now owns 26,040 shares of the credit services provider’s stock worth $771,000 after purchasing an additional 1,285 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Atlanticus by 65.5% during the 1st quarter. BNP Paribas Financial Markets now owns 2,324 shares of the credit services provider’s stock worth $69,000 after purchasing an additional 920 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Atlanticus by 7.5% during the 1st quarter. Empowered Funds LLC now owns 15,094 shares of the credit services provider’s stock worth $447,000 after purchasing an additional 1,050 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Atlanticus by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 258,689 shares of the credit services provider’s stock worth $7,655,000 after purchasing an additional 2,453 shares in the last quarter. Institutional investors and hedge funds own 14.15% of the company’s stock.

Atlanticus Company Profile

Atlanticus Holdings Corporation, a financial technology company, provides credit and related financial services and products to customers the United States. It operates in two segments, Credit as a Service, and Auto Finance. The Credit as a Service segment originates a range of consumer loan products, such as private label and general purpose credit cards originated by lenders through various channels, including retail and healthcare, direct mail solicitation, digital marketing, and partnerships with third parties; and offers credit to their customers for the purchase of various goods and services, including consumer electronics, furniture, elective medical procedures, healthcare, and home-improvements by partnering with retailers, healthcare providers, and other service providers.