Atlanticus Holdings Corporation (NASDAQ:ATLC) Receives $90.00 Average PT from Brokerages

Atlanticus Holdings Corporation (NASDAQ:ATLC) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $88.75.

ATLC has been the subject of a number of analyst reports. B. Riley Financial started coverage on shares of Atlanticus in a research note on Wednesday, January 7th. They set a “buy” rating and a $90.00 target price for the company. Citigroup restated an “outperform” rating on shares of Atlanticus in a research note on Thursday, December 11th. BTIG Research reaffirmed a “buy” rating and set a $105.00 price objective on shares of Atlanticus in a research report on Monday, October 27th. Weiss Ratings reissued a “hold (c-)” rating on shares of Atlanticus in a report on Monday, December 29th. Finally, Citizens Jmp increased their target price on Atlanticus from $95.00 to $100.00 and gave the stock a “market outperform” rating in a research note on Thursday, December 11th.

Insider Buying and Selling

In related news, Director Deal W. Hudson sold 1,675 shares of the stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $59.72, for a total transaction of $100,031.00. Following the sale, the director directly owned 60,467 shares of the company’s stock, valued at approximately $3,611,089.24. This represents a 2.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 50.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ATLC. Russell Investments Group Ltd. raised its holdings in Atlanticus by 468.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 69,298 shares of the credit services provider’s stock worth $3,794,000 after acquiring an additional 57,103 shares during the last quarter. American Century Companies Inc. boosted its stake in Atlanticus by 25.8% during the 2nd quarter. American Century Companies Inc. now owns 120,071 shares of the credit services provider’s stock valued at $6,574,000 after purchasing an additional 24,595 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Atlanticus in the 2nd quarter worth $451,000. Sierra Summit Advisors LLC bought a new stake in shares of Atlanticus in the 2nd quarter worth $662,000. Finally, New York State Teachers Retirement System raised its stake in shares of Atlanticus by 151.5% in the second quarter. New York State Teachers Retirement System now owns 503 shares of the credit services provider’s stock worth $28,000 after purchasing an additional 303 shares during the last quarter. Institutional investors own 14.15% of the company’s stock.

Atlanticus Stock Performance

Shares of ATLC stock opened at $54.47 on Friday. The company’s fifty day moving average price is $60.59 and its 200-day moving average price is $60.33. The stock has a market cap of $824.68 million, a PE ratio of 9.67 and a beta of 1.95. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.20. Atlanticus has a 12 month low of $41.37 and a 12 month high of $78.91.

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.