Atlanticus (NASDAQ:ATLC) Stock Price Down 6.6% – Should You Sell?

Atlanticus Holdings Corporation (NASDAQ:ATLC) shares traded down 6.6% during mid-day trading on Thursday . The company traded as low as $83.73 and last traded at $82.7830. 18,509 shares changed hands during trading, a decline of 76% from the average session volume of 76,481 shares. The stock had previously closed at $88.59.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. William Blair set a $100.00 price objective on Atlanticus in a report on Wednesday. Weiss Ratings cut Atlanticus from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Wall Street Zen raised Atlanticus from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Citizens Jmp increased their price objective on Atlanticus from $100.00 to $102.00 and gave the stock a “market outperform” rating in a report on Tuesday, March 17th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Atlanticus in a report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Atlanticus presently has a consensus rating of “Buy” and a consensus target price of $101.25.

Atlanticus Stock Performance

The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market cap of $1.31 billion, a PE ratio of 12.88 and a beta of 2.14. The company’s 50-day moving average price is $75.23 and its two-hundred day moving average price is $64.38.

Atlanticus (NASDAQ:ATLC) last released its earnings results on Thursday, May 7th. The credit services provider reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.54. Atlanticus had a return on equity of 23.43% and a net margin of 5.86%.The business had revenue of $679.59 million for the quarter, compared to analysts’ expectations of $749.36 million. On average, equities research analysts forecast that Atlanticus Holdings Corporation will post 9.48 EPS for the current year.

Institutional Trading of Atlanticus

A number of hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in Atlanticus by 54.7% in the fourth quarter. Wellington Management Group LLP now owns 704,282 shares of the credit services provider’s stock worth $47,152,000 after buying an additional 249,100 shares in the last quarter. HB Wealth Management LLC boosted its stake in shares of Atlanticus by 1,761.6% in the 1st quarter. HB Wealth Management LLC now owns 118,788 shares of the credit services provider’s stock valued at $6,233,000 after purchasing an additional 112,407 shares in the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of Atlanticus by 133.5% during the 2nd quarter. Bridgeway Capital Management LLC now owns 93,234 shares of the credit services provider’s stock valued at $5,105,000 after purchasing an additional 53,312 shares during the last quarter. UBS Group AG grew its stake in shares of Atlanticus by 333.2% during the fourth quarter. UBS Group AG now owns 37,582 shares of the credit services provider’s stock valued at $2,516,000 after buying an additional 28,907 shares during the last quarter. Finally, AQR Capital Management LLC purchased a new position in shares of Atlanticus in the first quarter worth about $1,083,000. Institutional investors own 14.15% of the company’s stock.

About Atlanticus

Atlanticus Holdings Corporation is a specialty financial services holding company that provides credit products and solutions to consumers across the United States. Through its subsidiaries, the company offers proprietary credit card programs, installment loan products and deposit accounts designed to serve customers who may have limited access to traditional credit. Atlanticus markets its offerings through a variety of channels, including direct‐to‐consumer online platforms, mail order, call centers and partnerships with retail and e-commerce businesses.

The company underwrites and services credit card portfolios under private-label and co-branded agreements, combining technology‐enabled underwriting with tailored customer service.