Atlanticus Holdings Co. (NASDAQ:ATLC) Director Sells $17,591.00 in Stock

Atlanticus Holdings Co. (NASDAQ:ATLC) Director Denise M. Harrod sold 359 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $49.00, for a total transaction of $17,591.00. Following the sale, the director now directly owns 5,300 shares in the company, valued at approximately $259,700. This represents a 6.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Atlanticus Price Performance

NASDAQ:ATLC opened at $51.47 on Thursday. The stock has a 50 day moving average of $37.88 and a two-hundred day moving average of $32.86. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.59. The firm has a market cap of $758.67 million, a P/E ratio of 11.57 and a beta of 1.92. Atlanticus Holdings Co. has a 12 month low of $23.09 and a 12 month high of $53.29.

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

Analysts Set New Price Targets

ATLC has been the subject of several research reports. Stephens assumed coverage on shares of Atlanticus in a research note on Wednesday, November 13th. They set an “overweight” rating and a $54.00 price objective for the company. BTIG Research upped their price objective on Atlanticus from $45.00 to $54.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. JMP Securities lifted their price objective on shares of Atlanticus from $45.00 to $54.00 and gave the company a “market outperform” rating in a report on Wednesday, November 13th. Finally, StockNews.com upgraded 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 issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $48.75.

Institutional Investors Weigh In On Atlanticus

A number of hedge funds have recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in Atlanticus by 393.1% in the third quarter. FMR LLC now owns 2,283 shares of the credit services provider’s stock valued at $80,000 after purchasing an additional 1,820 shares during the period. BNP Paribas Financial Markets raised its holdings in Atlanticus by 65.5% in the first quarter. BNP Paribas Financial Markets now owns 2,324 shares of the credit services provider’s stock valued at $69,000 after acquiring an additional 920 shares in the last quarter. MetLife Investment Management LLC lifted its stake in Atlanticus by 158.8% in the third quarter. MetLife Investment Management LLC now owns 2,971 shares of the credit services provider’s stock worth $104,000 after acquiring an additional 1,823 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Atlanticus by 9.3% during the second quarter. Rhumbline Advisers now owns 8,127 shares of the credit services provider’s stock worth $229,000 after purchasing an additional 690 shares in the last quarter. Finally, Barclays PLC increased its holdings in Atlanticus by 285.6% in the third quarter. Barclays PLC now owns 8,218 shares of the credit services provider’s stock valued at $289,000 after buying an additional 6,087 shares during the last quarter. 14.15% of the stock is currently owned by institutional investors and hedge funds.

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.