Denali Advisors LLC Acquires 6,941 Shares of Atlanticus Holdings Corporation $ATLC

Denali Advisors LLC increased its position in shares of Atlanticus Holdings Corporation (NASDAQ:ATLCFree Report) by 83.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,222 shares of the credit services provider’s stock after buying an additional 6,941 shares during the quarter. Denali Advisors LLC’s holdings in Atlanticus were worth $1,019,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. UBS Group AG raised its stake in Atlanticus by 333.2% during the 4th quarter. UBS Group AG now owns 37,582 shares of the credit services provider’s stock worth $2,516,000 after buying an additional 28,907 shares during the period. State of Alaska Department of Revenue purchased a new stake in shares of Atlanticus in the fourth quarter worth approximately $105,000. Range Financial Group LLC purchased a new stake in shares of Atlanticus in the fourth quarter worth approximately $286,000. Allspring Global Investments Holdings LLC increased its position in shares of Atlanticus by 9.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 7,783 shares of the credit services provider’s stock valued at $521,000 after acquiring an additional 681 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of Atlanticus during the third quarter valued at approximately $47,000. 14.15% of the stock is owned by institutional investors and hedge funds.

Atlanticus Price Performance

Shares of NASDAQ:ATLC opened at $84.81 on Friday. The company’s fifty day moving average price is $61.42 and its 200-day moving average price is $59.73. Atlanticus Holdings Corporation has a one year low of $45.74 and a one year high of $86.07. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.23 and a quick ratio of 1.23. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 12.66 and a beta of 2.14.

Atlanticus (NASDAQ:ATLCGet Free Report) last posted its quarterly earnings data on Thursday, May 7th. The credit services provider reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.54. Atlanticus had a return on equity of 24.04% and a net margin of 5.86%.The firm had revenue of $679.59 million during the quarter, compared to analysts’ expectations of $749.36 million. On average, equities research analysts anticipate that Atlanticus Holdings Corporation will post 8.48 earnings per share for the current fiscal year.

Key Atlanticus News

Here are the key news stories impacting Atlanticus this week:

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Wall Street Zen raised Atlanticus from a “buy” rating to a “strong-buy” rating in a research report on Saturday. B. Riley Financial increased their price objective on Atlanticus from $90.00 to $98.00 and gave the company a “buy” rating in a report on Monday, March 23rd. Zacks Research raised Atlanticus from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Citizens Jmp raised their price target on Atlanticus from $100.00 to $102.00 and gave the stock a “market outperform” rating in a report on Tuesday, March 17th. Finally, Weiss Ratings raised Atlanticus from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $91.25.

Check Out Our Latest Stock Report on ATLC

Atlanticus Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Atlanticus (NASDAQ:ATLC)

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