Atlanticus Holdings Corporation (NASDAQ:ATLC) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Atlanticus Holdings Corporation (NASDAQ:ATLC) have been assigned an average rating of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $101.25.

ATLC has been the topic of a number of analyst reports. Texas Capital raised shares of Atlanticus to a “hold” rating in a research note on Wednesday, June 10th. Zacks Research raised shares of Atlanticus from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. Wall Street Zen raised shares of Atlanticus from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Citizens Jmp increased their target price on shares of Atlanticus from $100.00 to $102.00 and gave the stock a “market outperform” rating in a research note on Tuesday, March 17th. Finally, Weiss Ratings raised shares of Atlanticus from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 11th.

Atlanticus Trading Up 1.8%

Shares of NASDAQ ATLC opened at $101.36 on Friday. The firm has a 50 day moving average price of $82.42 and a two-hundred day moving average price of $66.88. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.24 and a current ratio of 1.24. Atlanticus has a 52-week low of $45.74 and a 52-week high of $104.07. The stock has a market cap of $1.53 billion, a P/E ratio of 15.13 and a beta of 2.14.

Atlanticus (NASDAQ:ATLC) last posted its quarterly earnings data on Thursday, May 7th. The credit services provider reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.54. Atlanticus had a net margin of 5.86% and a return on equity of 23.43%. The company had revenue of $679.59 million for the quarter, compared to analyst estimates of $749.36 million. As a group, equities analysts forecast that Atlanticus will post 9.48 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Range Financial Group LLC lifted its stake in shares of Atlanticus by 5.8% in the first quarter. Range Financial Group LLC now owns 4,526 shares of the credit services provider’s stock valued at $237,000 after buying an additional 247 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Atlanticus by 5.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,194 shares of the credit services provider’s stock valued at $616,000 after buying an additional 478 shares in the last quarter. Jump Financial LLC lifted its stake in shares of Atlanticus by 6.1% in the second quarter. Jump Financial LLC now owns 9,344 shares of the credit services provider’s stock valued at $512,000 after buying an additional 537 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Atlanticus by 9.6% in 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 buying an additional 681 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of Atlanticus in the third quarter valued at $47,000. 14.15% of the stock is owned by institutional investors.

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.