Atlanticus Holdings Corporation (NASDAQ:ATLC) Given Average Rating of “Buy” by Brokerages

Shares of Atlanticus Holdings Corporation (NASDAQ:ATLC) have been given a consensus recommendation of “Buy” by the six analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $101.6667.

ATLC has been the subject of a number of analyst reports. B. Riley Financial reissued a “buy” rating on shares of Atlanticus in a report on Thursday, May 14th. Weiss Ratings downgraded Atlanticus from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday. Wall Street Zen raised Atlanticus from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Citizens Jmp lifted their price objective on Atlanticus from $100.00 to $102.00 and gave the company a “market outperform” rating in a research report on Tuesday, March 17th. Finally, Zacks Research raised Atlanticus from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th.

Institutional Investors Weigh In On Atlanticus

Institutional investors and hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP lifted its stake in shares of Atlanticus by 54.7% in the fourth quarter. Wellington Management Group LLP now owns 704,282 shares of the credit services provider’s stock worth $47,152,000 after acquiring an additional 249,100 shares in the last quarter. Vanguard Group Inc. raised its stake 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 buying an additional 19,159 shares in the last quarter. HB Wealth Management LLC raised its stake in Atlanticus by 1,761.6% during the first quarter. HB Wealth Management LLC now owns 118,788 shares of the credit services provider’s stock valued at $6,233,000 after buying an additional 112,407 shares in the last quarter. State Street Corp raised its stake in Atlanticus by 9.8% during the fourth quarter. State Street Corp now owns 117,071 shares of the credit services provider’s stock valued at $7,838,000 after buying an additional 10,409 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its stake in Atlanticus by 0.7% during the fourth quarter. Bridgeway Capital Management LLC now owns 112,147 shares of the credit services provider’s stock valued at $7,508,000 after buying an additional 805 shares in the last quarter. Hedge funds and other institutional investors own 14.15% of the company’s stock.

Atlanticus Stock Performance

NASDAQ ATLC opened at $86.22 on Monday. Atlanticus has a fifty-two week low of $45.74 and a fifty-two week high of $93.21. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 12.87 and a beta of 2.14. The business has a fifty day moving average of $70.44 and a 200-day moving average of $62.53. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.08.

Atlanticus (NASDAQ:ATLC) last released its quarterly earnings results on Thursday, May 7th. The credit services provider reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.54. Atlanticus had a return on equity of 23.43% and a net margin of 5.86%.The company had revenue of $679.59 million during the quarter, compared to analysts’ expectations of $749.36 million. As a group, analysts predict that Atlanticus will post 9.48 earnings per share for the current fiscal year.

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.