GAMMA Investing LLC Has $379,000 Stock Holdings in Atlanticus Holdings Corporation (NASDAQ:ATLC)

GAMMA Investing LLC boosted its stake in Atlanticus Holdings Corporation (NASDAQ:ATLC) by 28,426.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 7,417 shares of the credit services provider’s stock after acquiring an additional 7,391 shares during the quarter. GAMMA Investing LLC’s holdings in Atlanticus were worth $379,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ATLC. JPMorgan Chase & Co. increased its holdings in shares of Atlanticus by 3.7% during the fourth quarter. JPMorgan Chase & Co. now owns 5,079 shares of the credit services provider’s stock worth $283,000 after buying an additional 180 shares in the last quarter. Rhumbline Advisers grew its position in Atlanticus by 3.2% during the 4th quarter. Rhumbline Advisers now owns 8,128 shares of the credit services provider’s stock worth $453,000 after acquiring an additional 255 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Atlanticus by 6.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,413 shares of the credit services provider’s stock worth $358,000 after acquiring an additional 402 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Atlanticus by 229.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 728 shares of the credit services provider’s stock worth $41,000 after purchasing an additional 507 shares in the last quarter. Finally, Barclays PLC raised its position in Atlanticus by 11.6% in the fourth quarter. Barclays PLC now owns 9,168 shares of the credit services provider’s stock valued at $511,000 after purchasing an additional 950 shares during the last quarter. Institutional investors and hedge funds own 14.15% of the company’s stock.

Atlanticus Stock Up 1.1%

Shares of ATLC opened at $50.96 on Friday. The stock’s 50-day moving average price is $52.26 and its two-hundred day moving average price is $54.09. Atlanticus Holdings Corporation has a 12 month low of $25.44 and a 12 month high of $64.70. The company has a market capitalization of $771.02 million, a PE ratio of 9.86 and a beta of 1.81. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.57.

Atlanticus (NASDAQ:ATLC) last issued its quarterly earnings data on Thursday, May 8th. The credit services provider reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.16. The company had revenue of $344.87 million during the quarter, compared to the consensus estimate of $347.24 million. Atlanticus had a return on equity of 24.51% and a net margin of 8.54%. On average, analysts anticipate that Atlanticus Holdings Corporation will post 4.49 EPS for the current year.

Wall Street Analyst Weigh In

ATLC has been the topic of several research reports. Keefe, Bruyette & Woods restated a “market perform” rating and set a $60.00 price target (up from $52.00) on shares of Atlanticus in a report on Monday, May 12th. Wall Street Zen lowered shares of Atlanticus from a “strong-buy” rating to a “buy” rating in a report on Friday, May 9th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Atlanticus presently has a consensus rating of “Buy” and an average target price of $62.60.

Atlanticus Company Profile

Atlanticus Holdings Corporation, a financial technology company, provides credit and related financial services and products to customers the United States. It operates in two segments, Credit as a Service, and Auto Finance. The Credit as a Service segment originates a range of consumer loan products, such as private label and general purpose credit cards originated by lenders through various channels, including retail and healthcare, direct mail solicitation, digital marketing, and partnerships with third parties; and offers credit to their customers for the purchase of various goods and services, including consumer electronics, furniture, elective medical procedures, healthcare, and home-improvements by partnering with retailers, healthcare providers, and other service providers.