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

Atlanticus Holdings Corporation (NASDAQ:ATLC) has been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $90.00.

Several research firms have issued reports on ATLC. Wall Street Zen lowered Atlanticus from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. Citizens Jmp upped their target price on shares of Atlanticus from $95.00 to $100.00 and gave the stock a “market outperform” rating in a report on Thursday, December 11th. BTIG Research reissued a “buy” rating and set a $105.00 price target on shares of Atlanticus in a report on Monday, October 27th. B. Riley boosted their price target on shares of Atlanticus from $70.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Finally, JMP Securities upped their price objective on shares of Atlanticus from $78.00 to $95.00 and gave the stock a “market outperform” rating in a research note on Thursday, September 18th.

Atlanticus Stock Down 0.1%

Shares of ATLC opened at $69.60 on Friday. Atlanticus has a 12 month low of $41.37 and a 12 month high of $78.91. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 12.36 and a beta of 2.08. The company has a 50-day moving average price of $58.87 and a two-hundred day moving average price of $58.58. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.20.

Atlanticus (NASDAQ:ATLC) last posted its earnings results on Monday, November 10th. The credit services provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.34 by $0.14. The business had revenue of $495.29 million during the quarter, compared to the consensus estimate of $503.64 million. Atlanticus had a return on equity of 22.86% and a net margin of 7.46%. Equities analysts predict that Atlanticus will post 4.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Atlanticus

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State of Wyoming acquired a new position in shares of Atlanticus during the first quarter worth approximately $202,000. Jump Financial LLC increased its holdings in shares of Atlanticus by 78.3% in the first quarter. Jump Financial LLC now owns 8,807 shares of the credit services provider’s stock valued at $450,000 after purchasing an additional 3,867 shares in the last quarter. American Century Companies Inc. raised its position in Atlanticus by 25.8% in the 2nd quarter. American Century Companies Inc. now owns 120,071 shares of the credit services provider’s stock worth $6,574,000 after purchasing an additional 24,595 shares during the last quarter. Invesco Ltd. bought a new position in Atlanticus in the 1st quarter valued at $207,000. Finally, Russell Investments Group Ltd. increased its stake in shares of Atlanticus by 468.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 69,298 shares of the credit services provider’s stock valued at $3,794,000 after buying an additional 57,103 shares during the period. 14.15% of the stock is owned by institutional investors and hedge funds.

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.