Insider Selling: Atlanticus (NASDAQ:ATLC) CFO Sells $1,030,100.00 in Stock

Atlanticus Holdings Corporation (NASDAQ:ATLC) CFO William Mccamey sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $103.01, for a total transaction of $1,030,100.00. Following the sale, the chief financial officer directly owned 127,410 shares in the company, valued at $13,124,504.10. This trade represents a 7.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

William Mccamey also recently made the following trade(s):

• On Friday, June 26th, William Mccamey sold 10,000 shares of Atlanticus stock. The stock was sold at an average price of $109.45, for a total transaction of $1,094,500.00.

Atlanticus Price Performance

Shares of NASDAQ:ATLC opened at $96.40 on Friday. The firm has a fifty day moving average price of $87.72 and a two-hundred day moving average price of $69.15. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 14.39 and a beta of 2.11. 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 Holdings Corporation has a one year low of $45.74 and a one year high of $112.61.

Atlanticus (NASDAQ:ATLC) last released its quarterly earnings results on Thursday, May 7th. The credit services provider reported $2.23 earnings per share 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 firm had revenue of $679.59 million for the quarter, compared to analysts’ expectations of $749.36 million. Analysts anticipate that Atlanticus Holdings Corporation will post 9.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ATLC. Zacks Research raised Atlanticus from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Weiss Ratings raised Atlanticus from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Wall Street Zen upgraded shares of Atlanticus from a “buy” rating to a “strong-buy” rating in a research report on Sunday. B. Riley Financial reaffirmed a “buy” rating on shares of Atlanticus in a research note on Thursday, May 14th. Finally, Texas Capital upgraded shares of Atlanticus to a “hold” rating in a research report 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 given a Hold rating to the stock. According to MarketBeat.com, Atlanticus currently has a consensus rating of “Moderate Buy” and an average price target of $119.75.

Institutional Investors Weigh In On Atlanticus

Several hedge funds have recently added to or reduced their stakes in ATLC. Advisory Services Network LLC purchased a new position in shares of Atlanticus in the 3rd quarter worth about $47,000. Jones Financial Companies Lllp purchased a new position in shares of Atlanticus during the 1st quarter valued at about $71,000. Inspire Investing LLC bought a new stake in Atlanticus in the 1st quarter worth approximately $87,000. BNP Paribas Financial Markets lifted its position in Atlanticus by 334.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,735 shares of the credit services provider’s stock worth $95,000 after buying an additional 1,336 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in Atlanticus in the fourth quarter worth approximately $105,000. 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.