Atlanticus (NASDAQ:ATLC) Director Deal Hudson Sells 1,675 Shares of Stock

Atlanticus Holdings Corporation (NASDAQ:ATLC) Director Deal Hudson sold 1,675 shares of the stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $59.72, for a total value of $100,031.00. Following the completion of the transaction, the director owned 60,467 shares of the company’s stock, valued at approximately $3,611,089.24. This trade represents a 2.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Atlanticus Stock Up 1.3%

NASDAQ:ATLC opened at $60.56 on Thursday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.25 and a quick ratio of 1.25. The firm’s 50-day moving average price is $61.44 and its 200-day moving average price is $60.04. The company has a market capitalization of $916.88 million, a PE ratio of 10.76 and a beta of 1.94. Atlanticus Holdings Corporation has a 1-year low of $41.37 and a 1-year high of $78.91.

Atlanticus (NASDAQ:ATLC) last posted its quarterly earnings data on Monday, November 10th. The credit services provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.34 by $0.14. Atlanticus had a net margin of 7.46% and a return on equity of 22.86%. The business had revenue of $495.29 million for the quarter, compared to analyst estimates of $503.64 million. On average, equities analysts predict that Atlanticus Holdings Corporation will post 4.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on ATLC. Citigroup reissued an “outperform” rating on shares of Atlanticus in a report on Thursday, December 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Atlanticus in a research note on Monday, December 29th. JMP Securities lifted their target price on shares of Atlanticus from $78.00 to $95.00 and gave the stock a “market outperform” rating in a report on Thursday, September 18th. B. Riley assumed coverage on shares of Atlanticus in a report on Wednesday, January 7th. They set a “buy” rating and a $90.00 price target on the stock. Finally, Wall Street Zen lowered shares of Atlanticus from a “buy” rating to a “hold” rating in a report on Sunday, November 16th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $90.00.

Institutional Investors Weigh In On Atlanticus

A number of large investors have recently added to or reduced their stakes in ATLC. Wellington Management Group LLP lifted its holdings in shares of Atlanticus by 2.9% during the 3rd quarter. Wellington Management Group LLP now owns 455,182 shares of the credit services provider’s stock valued at $26,665,000 after buying an additional 12,861 shares during the period. Vanguard Group Inc. increased its position in Atlanticus by 6.7% during the third quarter. Vanguard Group Inc. now owns 305,772 shares of the credit services provider’s stock valued at $17,912,000 after acquiring an additional 19,159 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Atlanticus by 2.3% in the second quarter. Geode Capital Management LLC now owns 126,841 shares of the credit services provider’s stock valued at $6,945,000 after acquiring an additional 2,812 shares during the period. American Century Companies Inc. lifted its holdings in Atlanticus by 25.8% in the second quarter. American Century Companies Inc. now owns 120,071 shares of the credit services provider’s stock valued at $6,574,000 after acquiring an additional 24,595 shares during the period. Finally, Bridgeway Capital Management LLC boosted its position in Atlanticus by 19.4% in the third quarter. Bridgeway Capital Management LLC now owns 111,342 shares of the credit services provider’s stock worth $6,522,000 after purchasing an additional 18,108 shares during the last quarter. 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.