Atlanticus (NASDAQ:ATLC) CEO Sells $1,030,100.00 in Stock

Atlanticus Holdings Corporation (NASDAQ:ATLC) CEO Jeffrey Howard sold 10,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer owned 663,265 shares in the company, valued at approximately $68,322,927.65. This trade represents a 1.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Atlanticus Price Performance

Shares of NASDAQ ATLC opened at $96.40 on Friday. The company has a 50 day simple moving average of $87.72 and a two-hundred day simple moving average of $69.15. Atlanticus Holdings Corporation has a fifty-two week low of $45.74 and a fifty-two week high of $112.61. The company has a market capitalization 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 quick ratio of 1.24 and a current ratio of 1.24.

Atlanticus (NASDAQ:ATLC) last issued its quarterly earnings results 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 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%. Analysts expect that Atlanticus Holdings Corporation will post 9.48 EPS for the current fiscal year.

Institutional Trading of Atlanticus

Several institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC bought a new stake in shares of Atlanticus in the 3rd quarter worth $47,000. Jones Financial Companies Lllp purchased a new position in shares of Atlanticus in the first quarter worth $71,000. Inspire Investing LLC bought a new position in shares of Atlanticus during the first quarter valued at $87,000. BNP Paribas Financial Markets lifted its holdings in shares of Atlanticus by 334.8% during the second quarter. BNP Paribas Financial Markets now owns 1,735 shares of the credit services provider’s stock valued at $95,000 after purchasing an additional 1,336 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Atlanticus during the fourth quarter valued at $105,000. 14.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ATLC shares. Weiss Ratings raised Atlanticus from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. B. Riley Financial reaffirmed a “buy” rating on shares of Atlanticus in a research report on Thursday, May 14th. William Blair set a $100.00 price target on shares of Atlanticus in a research note on Wednesday, June 10th. Citizens Jmp increased their price objective on shares of Atlanticus from $100.00 to $102.00 and gave the company a “market outperform” rating in a research report on Tuesday, March 17th. Finally, Zacks Research upgraded shares of Atlanticus from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. One 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 company. Based on data from MarketBeat.com, Atlanticus has a consensus rating of “Moderate Buy” and an average target price of $119.75.

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.