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

Atlanticus Holdings Corporation (NASDAQ:ATLC) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $101.25.

ATLC has been the topic of a number of recent analyst reports. Texas Capital raised Atlanticus to a “hold” rating in a research note on Wednesday, June 10th. Citizens Jmp lifted their price objective on Atlanticus from $100.00 to $102.00 and gave the stock a “market outperform” rating in a research note on Tuesday, March 17th. B. Riley Financial reaffirmed a “buy” rating on shares of Atlanticus in a research note on Thursday, May 14th. William Blair set a $100.00 price objective on Atlanticus in a research note on Wednesday, June 10th. Finally, Zacks Research raised Atlanticus from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th.

Hedge Funds Weigh In On Atlanticus

Several institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its stake in Atlanticus by 54.7% in the fourth quarter. Wellington Management Group LLP now owns 704,282 shares of the credit services provider’s stock valued at $47,152,000 after buying an additional 249,100 shares during the period. Vanguard Group Inc. raised its position in shares of Atlanticus by 6.7% during the third quarter. Vanguard Group Inc. now owns 305,772 shares of the credit services provider’s stock worth $17,912,000 after purchasing an additional 19,159 shares during the period. HB Wealth Management LLC raised its position in shares of Atlanticus by 1,761.6% during the first quarter. HB Wealth Management LLC now owns 118,788 shares of the credit services provider’s stock worth $6,233,000 after purchasing an additional 112,407 shares during the period. State Street Corp grew its holdings in Atlanticus by 9.8% during the fourth quarter. State Street Corp now owns 117,071 shares of the credit services provider’s stock worth $7,838,000 after buying an additional 10,409 shares in the last quarter. Finally, Bridgeway Capital Management LLC grew its holdings in Atlanticus by 0.7% during the fourth quarter. Bridgeway Capital Management LLC now owns 112,147 shares of the credit services provider’s stock worth $7,508,000 after buying an additional 805 shares in the last quarter. 14.15% of the stock is owned by institutional investors and hedge funds.

Atlanticus Stock Performance

NASDAQ:ATLC opened at $100.00 on Friday. The stock’s 50-day moving average is $80.15 and its 200-day moving average is $65.97. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.08. The stock has a market cap of $1.51 billion, a P/E ratio of 14.93 and a beta of 2.14. Atlanticus has a 1-year low of $45.74 and a 1-year high of $100.57.

Atlanticus (NASDAQ:ATLC) last posted its quarterly earnings data on Thursday, May 7th. The credit services provider reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.54. The company 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%. Equities research analysts anticipate that Atlanticus will post 9.48 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.