Atlanticus Holdings Co. (NASDAQ:ATLC) Receives $57.20 Average PT from Analysts

Atlanticus Holdings Co. (NASDAQ:ATLC) has been assigned an average recommendation of “Moderate Buy” from the five brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $57.20.

A number of brokerages recently issued reports on ATLC. B. Riley boosted their price objective on Atlanticus from $50.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. JMP Securities upped their price target on Atlanticus from $54.00 to $75.00 and gave the stock a “market outperform” rating in a research note on Tuesday, December 3rd. BTIG Research upped their price target on Atlanticus from $45.00 to $54.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, Stephens began coverage on Atlanticus in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $54.00 price target for the company.

Atlanticus Trading Down 0.1 %

Shares of NASDAQ:ATLC opened at $57.50 on Monday. The stock has a 50 day moving average of $48.91 and a 200 day moving average of $37.94. The company has a market cap of $847.49 million, a PE ratio of 12.92 and a beta of 2.05. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.59. Atlanticus has a 12-month low of $23.09 and a 12-month high of $64.70.

Atlanticus (NASDAQ:ATLC) last announced its quarterly earnings data on Thursday, November 7th. The credit services provider reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.04. The company had revenue of $351.22 million during the quarter, compared to the consensus estimate of $326.64 million. Atlanticus had a return on equity of 25.14% and a net margin of 8.39%. As a group, equities research analysts expect that Atlanticus will post 4.47 EPS for the current year.

Insider Transactions at Atlanticus

In other news, Director Denise M. Harrod sold 1,141 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $49.00, for a total transaction of $55,909.00. Following the sale, the director now directly owns 5,659 shares of the company’s stock, valued at $277,291. This represents a 16.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Mitchell Saunders sold 16,004 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $55.55, for a total value of $889,022.20. Following the sale, the chief accounting officer now directly owns 50,973 shares in the company, valued at $2,831,550.15. This trade represents a 23.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,504 shares of company stock valued at $962,522 in the last ninety days. Corporate insiders own 51.80% of the company’s stock.

Institutional Trading of Atlanticus

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers raised its holdings in Atlanticus by 9.3% during the 2nd quarter. Rhumbline Advisers now owns 8,127 shares of the credit services provider’s stock valued at $229,000 after buying an additional 690 shares during the period. Squarepoint Ops LLC raised its holdings in Atlanticus by 9.3% during the 2nd quarter. Squarepoint Ops LLC now owns 8,310 shares of the credit services provider’s stock valued at $234,000 after buying an additional 704 shares during the period. Empowered Funds LLC raised its holdings in Atlanticus by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 16,978 shares of the credit services provider’s stock valued at $596,000 after buying an additional 804 shares during the period. FMR LLC raised its holdings in Atlanticus by 393.1% during the 3rd quarter. FMR LLC now owns 2,283 shares of the credit services provider’s stock valued at $80,000 after buying an additional 1,820 shares during the period. Finally, MetLife Investment Management LLC raised its holdings in Atlanticus by 158.8% during the 3rd quarter. MetLife Investment Management LLC now owns 2,971 shares of the credit services provider’s stock valued at $104,000 after buying an additional 1,823 shares during the period. Hedge funds and other institutional investors own 14.15% of the company’s stock.

About Atlanticus

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.