Atlanticus (NASDAQ:ATLC) Sees Large Volume Increase – Time to Buy?

Atlanticus Holdings Corporation (NASDAQ:ATLC) saw unusually-strong trading volume on Monday . Approximately 121,630 shares traded hands during trading, an increase of 55% from the previous session’s volume of 78,439 shares.The stock last traded at $95.13 and had previously closed at $92.38.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ATLC shares. Texas Capital upgraded shares of Atlanticus to a “hold” rating in a research note on Wednesday, June 10th. Weiss Ratings upgraded shares of Atlanticus from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday. Wall Street Zen upgraded shares of Atlanticus from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Citizens Jmp boosted their price objective on shares of Atlanticus from $100.00 to $102.00 and gave the stock a “market outperform” rating in a research note on Tuesday, March 17th. Finally, William Blair set a $100.00 price objective on shares of Atlanticus in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $101.25.

Atlanticus Trading Up 1.8%

The business’s 50-day moving average price is $76.77 and its 200 day moving average price is $64.90. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 13.98 and a beta of 2.14.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ATLC. Murphy & Mullick Capital Management Corp acquired a new position in shares of Atlanticus during the third quarter worth $38,000. Advisory Services Network LLC acquired a new stake in Atlanticus in the third quarter valued at $47,000. Jones Financial Companies Lllp acquired a new stake in Atlanticus in the first quarter valued at $71,000. AlphaQuest LLC raised its holdings in Atlanticus by 20,442.9% in the third quarter. AlphaQuest LLC now owns 1,438 shares of the credit services provider’s stock valued at $84,000 after acquiring an additional 1,431 shares in the last quarter. Finally, Inspire Investing LLC acquired a new stake in Atlanticus in the first quarter valued at $87,000. 14.15% of the stock is owned by institutional investors and hedge funds.

Atlanticus Company Profile

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.