Atlanticus (NASDAQ:ATLC) Given New $150.00 Price Target at BTIG Research

Atlanticus (NASDAQ:ATLC) had its price target reduced by BTIG Research from $179.00 to $150.00 in a report published on Friday,Benzinga reports. They currently have a buy rating on the credit services provider’s stock.

A number of other brokerages also recently issued reports on ATLC. Citigroup restated an “outperform” rating on shares of Atlanticus in a research report on Thursday, July 16th. Capital One Financial set a $144.00 target price on Atlanticus in a report on Monday, July 13th. B. Riley Financial reiterated a “buy” rating on shares of Atlanticus in a report on Thursday, September 3rd. Texas Capital raised shares of Atlanticus from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. Finally, Zacks Research lowered shares of Atlanticus from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.86.

Atlanticus Trading Down 5.4%

Shares of Atlanticus stock traded down $5.22 during trading on Friday, hitting $91.23. The company’s stock had a trading volume of 418,454 shares, compared to its average volume of 107,462. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 8.04 and a beta of 1.80. Atlanticus has a 52 week low of $47.50 and a 52 week high of $114.34. The stock has a 50-day moving average price of $92.28 and a two-hundred day moving average price of $81.10. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.26 and a quick ratio of 1.26.

Atlanticus (NASDAQ:ATLC) last announced its earnings results on Thursday, November 5th. The credit services provider reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.99 by $0.01. The business had revenue of $775.85 million during the quarter, compared to analyst estimates of $775.08 million. Atlanticus had a return on equity of 25.17% and a net margin of 5.80%. Equities research analysts anticipate that Atlanticus will post 9.73 EPS for the current fiscal year.

Institutional Investors Weigh In On Atlanticus

Institutional investors and hedge funds have recently made changes to their positions in the business. Range Financial Group LLC increased its holdings in Atlanticus by 5.8% in the first quarter. Range Financial Group LLC now owns 4,526 shares of the credit services provider’s stock worth $237,000 after purchasing an additional 247 shares in the last quarter. Financial Management Professionals Inc. bought a new position in shares of Atlanticus during the 2nd quarter worth approximately $33,000. Diversified Trust Co boosted its holdings in shares of Atlanticus by 19.3% during the 3rd quarter. Diversified Trust Co now owns 2,616 shares of the credit services provider’s stock worth $229,000 after buying an additional 424 shares in the last quarter. USA Financial Formulas acquired a new stake in shares of Atlanticus during the 3rd quarter worth approximately $39,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Atlanticus by 11.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,701 shares of the credit services provider’s stock worth $471,000 after buying an additional 918 shares during the period. Institutional investors own 14.15% of the company’s stock.

About Atlanticus

Atlanticus Holdings Corporation is a financial technology and services company that provides credit and related financial products to consumers, primarily in the United States. Through its subsidiaries, the company focuses on serving consumers who may have limited access to traditional forms of credit.

Atlanticus operates businesses offering private-label and general-purpose credit products, including credit cards and installment loans. Its offerings are distributed through direct-to-consumer channels and partnerships with merchants, giving consumers access to financing for purchases and other personal needs.

The company also operates an auto finance business that provides vehicle-related lending solutions.