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

Atlanticus Holdings Corporation (NASDAQ:ATLC) CAO Mitchell Saunders sold 10,000 shares of the firm’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. The trade was a 17.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Atlanticus Stock Performance

NASDAQ ATLC opened at $103.75 on Thursday. 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 fifty-two week low of $45.74 and a fifty-two week high of $112.61. The business has a fifty day moving average of $86.80 and a 200-day moving average of $68.74. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 15.49 and a beta of 2.11.

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

Institutional Investors Weigh In On Atlanticus

Institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC acquired a new position in Atlanticus during the third quarter worth approximately $47,000. Jones Financial Companies Lllp purchased a new position in Atlanticus during the first quarter worth approximately $71,000. State of Alaska Department of Revenue acquired a new position in shares of Atlanticus in the 4th quarter valued at $105,000. Inspire Investing LLC acquired a new position in shares of Atlanticus in the 1st quarter valued at $87,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Atlanticus by 334.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,735 shares of the credit services provider’s stock valued at $95,000 after buying an additional 1,336 shares during the period. 14.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Citizens Jmp upped their price objective on shares of Atlanticus from $100.00 to $102.00 and gave the company a “market outperform” rating in a research note on Tuesday, March 17th. BTIG Research increased their price target on Atlanticus from $105.00 to $179.00 and gave the stock a “buy” rating in a research note on Tuesday. Weiss Ratings upgraded Atlanticus from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Wall Street Zen downgraded Atlanticus from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 27th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Atlanticus in a research note on Thursday, May 14th. One investment 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $119.75.

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.