Atlanticus (NASDAQ:ATLC) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Atlanticus (NASDAQ:ATLCFree Report) from a buy rating to a strong-buy rating in a research note released on Saturday morning.

ATLC has been the topic of a number of other research reports. Citizens Jmp raised their price objective on shares of Atlanticus from $100.00 to $102.00 and gave the stock a “market outperform” rating in a report on Tuesday, March 17th. Zacks Research raised shares of Atlanticus from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. B. Riley Financial raised their price objective on shares of Atlanticus from $90.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, March 23rd. Finally, Weiss Ratings raised shares of Atlanticus from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Atlanticus currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.25.

Check Out Our Latest Analysis on Atlanticus

Atlanticus Stock Performance

Shares of ATLC stock opened at $84.81 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $1.26 billion, a PE ratio of 12.66 and a beta of 2.14. The company has a 50 day moving average price of $61.42 and a 200-day moving average price of $59.73. Atlanticus has a 52 week low of $45.74 and a 52 week high of $86.07.

Atlanticus (NASDAQ:ATLCGet Free Report) last posted its quarterly earnings data on Thursday, May 7th. The credit services provider reported $2.23 earnings per share (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 the consensus estimate of $749.36 million. Atlanticus had a net margin of 5.86% and a return on equity of 24.04%. As a group, equities research analysts expect that Atlanticus will post 8.48 earnings per share for the current year.

Hedge Funds Weigh In On Atlanticus

Several large investors have recently added to or reduced their stakes in ATLC. Murphy & Mullick Capital Management Corp purchased a new position in Atlanticus during the third quarter valued at approximately $38,000. Advisory Services Network LLC purchased a new position in Atlanticus during the third quarter valued at approximately $47,000. Jones Financial Companies Lllp purchased a new position in Atlanticus during the first quarter valued at approximately $71,000. AlphaQuest LLC lifted its holdings in Atlanticus by 20,442.9% during the third quarter. AlphaQuest LLC now owns 1,438 shares of the credit services provider’s stock valued at $84,000 after purchasing an additional 1,431 shares in the last quarter. Finally, Inspire Investing LLC purchased a new position in Atlanticus during the first quarter valued at approximately $87,000. Hedge funds and other institutional investors own 14.15% of the company’s stock.

Key Stories Impacting Atlanticus

Here are the key news stories impacting Atlanticus this week:

Atlanticus Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Atlanticus (NASDAQ:ATLC)

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