Mitchell Saunders Sells 10,000 Shares of Atlanticus (NASDAQ:ATLC) Stock

Atlanticus Holdings Corporation (NASDAQ:ATLC) CAO Mitchell Saunders sold 10,000 shares of the business’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $102.20, for a total value of $1,022,000.00. Following the transaction, the chief accounting officer directly owned 46,273 shares of the company’s stock, valued at $4,729,100.60. This trade represents a 17.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Atlanticus Price Performance

Shares of ATLC stock opened at $96.40 on Friday. The business has a fifty day simple moving average of $87.29 and a 200 day simple moving average of $68.95. The company has a market cap of $1.46 billion, a P/E ratio of 14.39 and a beta of 2.11. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.08. Atlanticus Holdings Corporation has a twelve month low of $45.74 and a twelve month high of $112.61.

Atlanticus (NASDAQ:ATLC) last released its earnings results on Thursday, May 7th. The credit services provider reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.54. The firm had revenue of $679.59 million for the quarter, compared to analysts’ expectations of $749.36 million. Atlanticus had a return on equity of 23.43% and a net margin of 5.86%. On average, sell-side analysts forecast that Atlanticus Holdings Corporation will post 9.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ATLC. Weiss Ratings raised shares of Atlanticus from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Texas Capital raised shares of Atlanticus to a “hold” rating in a research note on Wednesday, June 10th. Wall Street Zen lowered shares of Atlanticus from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 27th. B. Riley Financial restated a “buy” rating on shares of Atlanticus in a research report on Thursday, May 14th. Finally, William Blair set a $100.00 target price on shares of Atlanticus in a research note on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Atlanticus presently has an average rating of “Moderate Buy” and a consensus price target of $119.75.

Hedge Funds Weigh In On Atlanticus

Several large investors have recently modified their holdings of the business. Range Financial Group LLC lifted its holdings in Atlanticus by 5.8% in the first quarter. Range Financial Group LLC now owns 4,526 shares of the credit services provider’s stock valued at $237,000 after buying an additional 247 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Atlanticus by 5.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,194 shares of the credit services provider’s stock worth $616,000 after acquiring an additional 478 shares during the period. Jump Financial LLC raised its position in shares of Atlanticus by 6.1% in the 2nd quarter. Jump Financial LLC now owns 9,344 shares of the credit services provider’s stock worth $512,000 after acquiring an additional 537 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Atlanticus by 9.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 7,783 shares of the credit services provider’s stock worth $521,000 after acquiring an additional 681 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of Atlanticus in the 3rd quarter worth about $47,000. Institutional investors own 14.15% of the company’s stock.

About Atlanticus

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.