Atlanticus’ (ATLC) Buy Rating Reiterated at B. Riley Financial

B. Riley Financial restated their buy rating on shares of Atlanticus (NASDAQ:ATLC) in a research report sent to investors on Thursday,Benzinga reports. They currently have a $125.00 price target on the credit services provider’s stock, up from their previous price target of $119.00.

Several other research firms have also recently issued reports on ATLC. Wall Street Zen cut shares of Atlanticus from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 7th. BTIG Research reduced their price objective on shares of Atlanticus from $179.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, November 6th. Citigroup restated a “market outperform” rating on shares of Atlanticus in a research report on Tuesday, November 10th. Citizens Jmp lifted their target price on shares of Atlanticus from $110.00 to $117.00 and gave the stock a “market outperform” rating in a research note on Tuesday, November 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Atlanticus in a report on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Atlanticus presently has a consensus rating of “Moderate Buy” and an average target price of $127.86.

Atlanticus Price Performance

Shares of Atlanticus stock traded up $4.12 during trading on Thursday, hitting $83.42. 157,865 shares of the company were exchanged, compared to its average volume of 126,438. Atlanticus has a fifty-two week low of $47.50 and a fifty-two week high of $114.34. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 0.87. The firm has a 50 day moving average price of $91.14 and a 200 day moving average price of $81.68. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 7.35 and a beta of 1.80.

Atlanticus (NASDAQ:ATLC) last released its quarterly earnings results on Thursday, November 5th. The credit services provider reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.01. The company had revenue of $775.85 million during the quarter, compared to the consensus estimate of $775.08 million. Atlanticus had a return on equity of 27.37% and a net margin of 7.65%. On average, equities analysts expect that Atlanticus will post 9.73 earnings per share for the current fiscal year.

Institutional Trading of Atlanticus

Several institutional investors have recently made changes to their positions in ATLC. Empowered Funds LLC raised its position in shares of Atlanticus by 20.0% in the 3rd quarter. Empowered Funds LLC now owns 85,513 shares of the credit services provider’s stock worth $7,485,000 after buying an additional 14,258 shares during the period. Edgestream Partners L.P. purchased a new stake in Atlanticus during the third quarter valued at about $433,000. Virtus Advisers LLC grew its position in Atlanticus by 25.1% during the third quarter. Virtus Advisers LLC now owns 4,753 shares of the credit services provider’s stock valued at $416,000 after acquiring an additional 953 shares during the period. Diversified Trust Co increased its stake in Atlanticus by 19.3% during the third quarter. Diversified Trust Co now owns 2,616 shares of the credit services provider’s stock worth $229,000 after acquiring an additional 424 shares during the last quarter. Finally, Pinnacle Wealth Planning Services Inc. acquired a new stake in Atlanticus during the third quarter worth about $87,000. 14.15% of the stock is owned by hedge funds and other institutional investors.

Atlanticus Company Profile

Atlanticus Holdings Corporation is a financial technology and consumer finance company that provides credit products to consumers, including people who may have limited access to traditional credit. It works with banks, retailers and other partners to offer credit cards, installment loans and point-of-sale financing. The company’s offerings include general-purpose and private-label credit cards, as well as financing for purchases in areas such as healthcare and home improvement. Atlanticus also provides financing solutions through relationships with auto dealers and other businesses.