Atlanticus Holdings Co. (NASDAQ:ATLC) Director Denise M. Harrod Sells 359 Shares

Atlanticus Holdings Co. (NASDAQ:ATLC) Director Denise M. Harrod sold 359 shares of Atlanticus stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $49.00, for a total value of $17,591.00. Following the transaction, the director now directly owns 5,300 shares in the company, valued at $259,700. The trade was a 6.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Atlanticus Stock Up 2.1 %

NASDAQ ATLC traded up $1.01 on Monday, hitting $49.59. 68,653 shares of the company were exchanged, compared to its average volume of 17,422. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.59. The company has a market cap of $730.96 million, a PE ratio of 11.14 and a beta of 1.92. The stock has a fifty day moving average of $37.07 and a 200-day moving average of $32.56. Atlanticus Holdings Co. has a 12 month low of $23.09 and a 12 month high of $51.48.

Atlanticus (NASDAQ:ATLC) last released its quarterly earnings data on Thursday, November 7th. The credit services provider reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.04. Atlanticus had a net margin of 8.39% and a return on equity of 25.14%. The company had revenue of $351.22 million for the quarter, compared to analysts’ expectations of $326.64 million. As a group, analysts forecast that Atlanticus Holdings Co. will post 4.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. JMP Securities raised their price objective on Atlanticus from $45.00 to $54.00 and gave the stock a “market outperform” rating in a research report on Wednesday, November 13th. Stephens began coverage on shares of Atlanticus in a report on Wednesday, November 13th. They set an “overweight” rating and a $54.00 price target for the company. BTIG Research upped their price objective on shares of Atlanticus from $45.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, StockNews.com upgraded shares of Atlanticus from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Atlanticus presently has a consensus rating of “Buy” and an average target price of $48.75.

Institutional Investors Weigh In On Atlanticus

Institutional investors and hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP bought a new position in shares of Atlanticus in the third quarter valued at approximately $1,654,000. Jane Street Group LLC purchased a new stake in Atlanticus in the 3rd quarter valued at $313,000. Barclays PLC lifted its stake in Atlanticus by 285.6% during the 3rd quarter. Barclays PLC now owns 8,218 shares of the credit services provider’s stock valued at $289,000 after acquiring an additional 6,087 shares in the last quarter. Vanguard Group Inc. boosted its holdings in 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 acquiring an additional 2,453 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Atlanticus by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 122,501 shares of the credit services provider’s stock worth $4,298,000 after acquiring an additional 2,348 shares during 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.