Insider Selling: Atlanticus (NASDAQ:ATLC) CFO Sells $1,094,500.00 in Stock

Atlanticus Holdings Corporation (NASDAQ:ATLC) CFO William Mccamey sold 10,000 shares of Atlanticus stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $109.45, for a total value of $1,094,500.00. Following the sale, the chief financial officer directly owned 137,410 shares of the company’s stock, valued at $15,039,524.50. This trade represents a 6.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Atlanticus Stock Up 2.0%

Shares of NASDAQ:ATLC traded up $2.19 on Friday, hitting $110.46. 411,859 shares of the company’s stock were exchanged, compared to its average volume of 157,105. Atlanticus Holdings Corporation has a 1-year low of $45.74 and a 1-year high of $112.61. The company has a market capitalization of $1.67 billion, a PE ratio of 16.49 and a beta of 2.14. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.24 and a current ratio of 1.24. The firm’s 50-day moving average is $84.81 and its 200 day moving average is $67.84.

Atlanticus (NASDAQ:ATLC) last issued its earnings results on Thursday, May 7th. The credit services provider reported $2.23 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.54. The business had revenue of $679.59 million for the quarter, compared to analyst estimates of $749.36 million. Atlanticus had a return on equity of 23.43% and a net margin of 5.86%. Sell-side analysts predict that Atlanticus Holdings Corporation will post 9.48 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ATLC shares. Texas Capital upgraded shares of Atlanticus to a “hold” rating in a report on Wednesday, June 10th. B. Riley Financial reiterated a “buy” rating on shares of Atlanticus in a research note on Thursday, May 14th. William Blair set a $100.00 price target on shares of Atlanticus in a research report on Wednesday, June 10th. Wall Street Zen upgraded shares of Atlanticus from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings raised Atlanticus from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Atlanticus presently has a consensus rating of “Moderate Buy” and an average price target of $101.25.

Hedge Funds Weigh In On Atlanticus

A number of institutional investors have recently modified their holdings of the business. Denali Advisors LLC raised its holdings in shares of Atlanticus by 83.8% in the fourth quarter. Denali Advisors LLC now owns 15,222 shares of the credit services provider’s stock valued at $1,019,000 after buying an additional 6,941 shares during the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of Atlanticus by 28.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 31,265 shares of the credit services provider’s stock worth $2,093,000 after buying an additional 6,970 shares during the last quarter. UBS Group AG grew its holdings in shares of Atlanticus by 333.2% during the fourth 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 last quarter. Allspring Global Investments Holdings LLC increased its position in Atlanticus by 11.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,701 shares of the credit services provider’s stock valued at $471,000 after acquiring an additional 918 shares during the period. Finally, Range Financial Group LLC increased its position in Atlanticus by 5.8% in the 1st quarter. Range Financial Group LLC now owns 4,526 shares of the credit services provider’s stock valued at $237,000 after acquiring an additional 247 shares during the period. 14.15% of the stock is owned by institutional investors and hedge funds.

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.