Atlanticus’ (ATLC) “Buy” Rating Reiterated at B. Riley Financial

Atlanticus (NASDAQ:ATLC)‘s stock had its “buy” rating reissued by analysts at B. Riley Financial in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $125.00 price target on the credit services provider’s stock, up from their prior price target of $119.00. B. Riley Financial‘s price objective would suggest a potential upside of 55.97% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Wall Street Zen lowered shares of Atlanticus from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 7th. Citizens Jmp lifted their price objective on shares of Atlanticus from $110.00 to $117.00 and gave the stock a “market outperform” rating in a research note on Tuesday. Citigroup reiterated a “market outperform” rating on shares of Atlanticus in a research note on Tuesday. BTIG Research dropped their price objective on shares of Atlanticus from $179.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, November 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Atlanticus in a research report on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $127.86.

Atlanticus Stock Up 0.6%

Shares of ATLC stock traded up $0.46 during mid-day trading on Thursday, hitting $80.14. 1,522 shares of the stock traded hands, compared to its average volume of 112,867. The stock has a market cap of $1.23 billion, a P/E ratio of 7.06 and a beta of 1.80. The stock’s fifty day moving average is $91.69 and its two-hundred day moving average is $81.42. Atlanticus has a 52-week low of $47.50 and a 52-week high of $114.34. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.27 and a quick ratio of 1.26.

Atlanticus (NASDAQ:ATLC) last issued its quarterly earnings data on Thursday, November 5th. The credit services provider reported $3.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.01. The firm had revenue of $775.85 million for the quarter, compared to the consensus estimate of $775.08 million. Atlanticus had a net margin of 7.65% and a return on equity of 27.37%. Equities analysts predict that Atlanticus will post 9.73 EPS for the current year.

Institutional Trading of Atlanticus

Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of Atlanticus in the second quarter valued at about $43,535,000. Philadelphia Financial Management of San Francisco LLC purchased a new stake in shares of Atlanticus during the second quarter worth approximately $9,161,293. Empowered Funds LLC acquired a new position in Atlanticus in the 2nd quarter valued at $7,286,000. Inspire Investing LLC raised its stake in Atlanticus by 12.3% in the 3rd quarter. Inspire Investing LLC now owns 27,401 shares of the credit services provider’s stock valued at $2,398,000 after purchasing an additional 3,006 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Atlanticus in the 2nd quarter valued at $2,281,000. 14.15% of the stock is owned by institutional investors and hedge funds.

Atlanticus Company Profile

Atlanticus Holdings Corporation is a financial technology and consumer finance company that provides credit products to consumers, including people who may have limited access to traditional credit. It works with banks, retailers and other partners to offer credit cards, installment loans and point-of-sale financing. The company’s offerings include general-purpose and private-label credit cards, as well as financing for purchases in areas such as healthcare and home improvement. Atlanticus also provides financing solutions through relationships with auto dealers and other businesses.