William Mccamey Sells 10,000 Shares of Atlanticus (NASDAQ:ATLC) Stock

Atlanticus Holdings Corporation (NASDAQ:ATLC) CFO William Mccamey sold 10,000 shares of the business’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $109.45, for a total transaction of $1,094,500.00. Following the transaction, the chief financial officer directly owned 137,410 shares in the company, valued at $15,039,524.50. This trade represents a 6.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Atlanticus Price Performance

NASDAQ:ATLC opened at $110.46 on Friday. The stock has a market cap of $1.67 billion, a P/E ratio of 16.49 and a beta of 2.14. Atlanticus Holdings Corporation has a one year low of $45.74 and a one year high of $112.61. The company has a fifty day moving average price of $84.81 and a 200 day moving average price of $67.84. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.24 and a quick ratio of 1.24.

Atlanticus (NASDAQ:ATLC) last posted its quarterly earnings results on Thursday, May 7th. The credit services provider reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.54. Atlanticus had a net margin of 5.86% and a return on equity of 23.43%. The company had revenue of $679.59 million for the quarter, compared to analyst estimates of $749.36 million. Analysts anticipate that Atlanticus Holdings Corporation will post 9.48 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Texas Capital raised Atlanticus to a “hold” rating in a research report on Wednesday, June 10th. William Blair set a $100.00 price target on Atlanticus in a report on Wednesday, June 10th. Wall Street Zen downgraded Atlanticus from a “strong-buy” rating to a “buy” rating in a research report on Saturday. B. Riley Financial reissued a “buy” rating on shares of Atlanticus in a report on Thursday, May 14th. Finally, Zacks Research upgraded Atlanticus from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Atlanticus presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.25.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ATLC. Wellington Management Group LLP lifted its stake in Atlanticus by 54.7% during the fourth quarter. Wellington Management Group LLP now owns 704,282 shares of the credit services provider’s stock worth $47,152,000 after purchasing an additional 249,100 shares during the period. HB Wealth Management LLC grew its stake in shares of Atlanticus by 1,761.6% in the 1st quarter. HB Wealth Management LLC now owns 118,788 shares of the credit services provider’s stock valued at $6,233,000 after purchasing an additional 112,407 shares during the period. Bridgeway Capital Management LLC raised its holdings in shares of Atlanticus by 133.5% in the 2nd quarter. Bridgeway Capital Management LLC now owns 93,234 shares of the credit services provider’s stock worth $5,105,000 after buying an additional 53,312 shares in the last quarter. UBS Group AG raised its holdings in shares of Atlanticus by 333.2% in the 4th quarter. UBS Group AG now owns 37,582 shares of the credit services provider’s stock worth $2,516,000 after buying an additional 28,907 shares in the last quarter. Finally, AQR Capital Management LLC bought a new position in shares of Atlanticus during the 1st quarter worth approximately $1,083,000. Institutional investors and hedge funds own 14.15% of the company’s stock.

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.