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

Shares of Atlanticus Holdings Corporation (NASDAQ:ATLC) have earned an average rating of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $90.00.

ATLC has been the subject of several analyst reports. Wall Street Zen downgraded shares of Atlanticus from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. BTIG Research restated a “buy” rating and issued a $105.00 price objective on shares of Atlanticus in a report on Monday, October 27th. Citigroup reaffirmed an “outperform” rating on shares of Atlanticus in a research report on Thursday, December 11th. JMP Securities lifted their target price on Atlanticus from $78.00 to $95.00 and gave the stock a “market outperform” rating in a report on Thursday, September 18th. Finally, Citizens Jmp increased their price target on Atlanticus from $95.00 to $100.00 and gave the company a “market outperform” rating in a research note on Thursday, December 11th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new position in Atlanticus during the third quarter worth $47,000. Qube Research & Technologies Ltd acquired a new stake in Atlanticus during the 3rd quarter worth about $520,000. Millennium Management LLC grew its holdings in Atlanticus by 353.6% during the 3rd quarter. Millennium Management LLC now owns 16,666 shares of the credit services provider’s stock worth $976,000 after acquiring an additional 12,992 shares during the period. Bank of America Corp DE raised its position in shares of Atlanticus by 45.2% in the 3rd quarter. Bank of America Corp DE now owns 5,211 shares of the credit services provider’s stock worth $305,000 after acquiring an additional 1,621 shares in the last quarter. Finally, Creative Planning acquired a new position in shares of Atlanticus in the 3rd quarter valued at about $303,000. Institutional investors own 14.15% of the company’s stock.

Atlanticus Stock Performance

NASDAQ:ATLC opened at $69.60 on Friday. The stock’s 50-day moving average is $58.87 and its 200-day moving average is $58.58. Atlanticus has a 1-year low of $41.37 and a 1-year high of $78.91. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.20. The stock has a market cap of $1.05 billion, a P/E ratio of 12.36 and a beta of 2.08.

Atlanticus (NASDAQ:ATLC) last issued its quarterly earnings data on Monday, November 10th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.14. Atlanticus had a net margin of 7.46% and a return on equity of 22.86%. The business had revenue of $495.29 million during the quarter, compared to analyst estimates of $503.64 million. Equities research analysts anticipate that Atlanticus will post 4.49 earnings per share for the current year.

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.