Atlanticus Holdings Co. (NASDAQ:ATLC) Director Sells $55,909.00 in Stock

Atlanticus Holdings Co. (NASDAQ:ATLC) Director Denise M. Harrod sold 1,141 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $49.00, for a total transaction of $55,909.00. Following the completion of the sale, the director now owns 5,659 shares in the company, valued at approximately $277,291. The trade was a 16.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Atlanticus Trading Up 2.1 %

NASDAQ:ATLC traded up $1.01 during mid-day trading on Monday, hitting $49.59. 68,653 shares of the company’s stock 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. Atlanticus Holdings Co. has a fifty-two week low of $23.09 and a fifty-two week high of $51.48. The company has a 50 day simple moving average of $37.07 and a 200-day simple moving average of $32.56. The firm has a market capitalization of $730.96 million, a P/E ratio of 11.14 and a beta of 1.92.

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ATLC. BNP Paribas Financial Markets raised its holdings in 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 during the last quarter. Vanguard Group Inc. increased its stake in shares of Atlanticus by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 258,689 shares of the credit services provider’s stock valued at $7,655,000 after acquiring an additional 2,453 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Atlanticus by 9.3% in the 2nd quarter. Rhumbline Advisers now owns 8,127 shares of the credit services provider’s stock valued at $229,000 after acquiring an additional 690 shares in the last quarter. Squarepoint Ops LLC increased its stake in shares of Atlanticus by 9.3% in the 2nd quarter. Squarepoint Ops LLC now owns 8,310 shares of the credit services provider’s stock valued at $234,000 after acquiring an additional 704 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in shares of Atlanticus by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 16,978 shares of the credit services provider’s stock valued at $596,000 after acquiring an additional 804 shares in the last quarter. Institutional investors 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.