Atlanticus Holdings Corporation (NASDAQ:ATLC) Receives $90.00 Consensus Price Target from Analysts

Shares of Atlanticus Holdings Corporation (NASDAQ:ATLC) have been given a consensus rating of “Moderate Buy” by the seven research firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $90.00.

Several brokerages recently issued reports on ATLC. Citigroup reissued an “outperform” rating on shares of Atlanticus in a research note on Thursday, December 11th. Citizens Jmp upped their price objective on shares of Atlanticus from $95.00 to $100.00 and gave the company a “market outperform” rating in a report on Thursday, December 11th. BTIG Research reissued a “buy” rating and set a $105.00 price objective on shares of Atlanticus in a research report on Monday, October 27th. Wall Street Zen downgraded Atlanticus from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Atlanticus in a research note on Monday, December 29th.

Atlanticus Stock Up 1.2%

Shares of Atlanticus stock opened at $60.70 on Tuesday. The stock’s 50-day moving average is $62.27 and its 200 day moving average is $60.16. Atlanticus has a one year low of $41.37 and a one year high of $78.91. The firm has a market cap of $919.00 million, a price-to-earnings ratio of 10.78 and a beta of 1.94. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.25 and a quick ratio of 1.25.

Atlanticus (NASDAQ:ATLC) last issued its quarterly earnings results on Monday, November 10th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.14. The firm had revenue of $495.29 million for the quarter, compared to analyst estimates of $503.64 million. Atlanticus had a return on equity of 22.86% and a net margin of 7.46%. Equities research analysts anticipate that Atlanticus will post 4.49 EPS for the current year.

Insider Activity at Atlanticus

In other news, Director Deal W. Hudson sold 1,675 shares of the company’s stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $59.72, for a total transaction of $100,031.00. Following the transaction, the director directly owned 60,467 shares of the company’s stock, valued at $3,611,089.24. This represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 50.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ATLC. Russell Investments Group Ltd. lifted its stake in shares of Atlanticus by 468.2% in the second quarter. Russell Investments Group Ltd. now owns 69,298 shares of the credit services provider’s stock valued at $3,794,000 after buying an additional 57,103 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of Atlanticus by 133.5% in the 2nd quarter. Bridgeway Capital Management LLC now owns 93,234 shares of the credit services provider’s stock worth $5,105,000 after acquiring an additional 53,312 shares during the last quarter. American Century Companies Inc. lifted its position in Atlanticus by 25.8% in the 2nd quarter. American Century Companies Inc. now owns 120,071 shares of the credit services provider’s stock valued at $6,574,000 after acquiring an additional 24,595 shares in the last quarter. AQR Capital Management LLC acquired a new position in Atlanticus during the 1st quarter valued at about $1,083,000. Finally, Vanguard Group Inc. increased its holdings in Atlanticus by 6.7% during the 3rd quarter. Vanguard Group Inc. now owns 305,772 shares of the credit services provider’s stock worth $17,912,000 after purchasing an additional 19,159 shares in the last quarter. Institutional investors and hedge funds own 14.15% of the company’s stock.

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.