Atlanticus Holdings Corporation (NASDAQ:ATLC) Receives $126.00 Consensus Target Price from Analysts

Shares of Atlanticus Holdings Corporation (NASDAQ:ATLC) have been given a consensus recommendation of “Moderate Buy” by the eight analysts that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $126.00.

Several research firms have weighed in on ATLC. Weiss Ratings raised Atlanticus from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Zacks Research downgraded Atlanticus from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. BTIG Research boosted their price objective on shares of Atlanticus from $105.00 to $179.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Citigroup reissued an “outperform” rating on shares of Atlanticus in a research note on Thursday, July 16th. Finally, Capital One Financial set a $144.00 target price on shares of Atlanticus in a report on Monday, July 13th.

Insider Buying and Selling at Atlanticus

In other news, CFO William Mccamey sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $103.01, for a total transaction of $1,030,100.00. Following the completion of the transaction, the chief financial officer directly owned 127,410 shares of the company’s stock, valued at $13,124,504.10. This trade represents a 7.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Mitchell Saunders sold 10,000 shares of Atlanticus stock in a transaction that occurred 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 owned 46,273 shares of the company’s stock, valued at $4,729,100.60. This represents a 17.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 75,000 shares of company stock valued at $7,868,627 over the last three months. Company insiders own 51.00% of the company’s stock.

Hedge Funds Weigh In On Atlanticus

Institutional investors have recently made changes to their positions in the stock. Denali Advisors LLC purchased a new stake in shares of Atlanticus in the second quarter valued at $2,032,000. BlackRock Inc. purchased a new stake in Atlanticus during the 2nd quarter worth about $43,535,000. Deutsche Bank AG purchased a new stake in Atlanticus during the 2nd quarter worth about $522,000. Bank of New York Mellon Corp acquired a new position in Atlanticus in the 2nd quarter valued at about $2,281,000. Finally, Walleye Capital LLC acquired a new position in Atlanticus in the 2nd quarter valued at about $208,000. 14.15% of the stock is owned by institutional investors and hedge funds.

Atlanticus Stock Performance

ATLC opened at $95.78 on Friday. The stock has a market cap of $1.45 billion, a P/E ratio of 12.46 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. The stock’s 50 day simple moving average is $98.30 and its 200 day simple moving average is $75.63. Atlanticus has a 1-year low of $47.50 and a 1-year high of $114.34.

Atlanticus (NASDAQ:ATLC) last released its quarterly earnings data on Thursday, August 6th. The credit services provider reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.08. The firm had revenue of $744.31 million during the quarter, compared to the consensus estimate of $716.35 million. Atlanticus had a return on equity of 26.06% and a net margin of 5.80%. As a group, equities analysts anticipate that Atlanticus will post 9.48 EPS for the current fiscal year.

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.