Atlanticus (NASDAQ:ATLC) CEO Jeffrey Howard Sells 10,000 Shares of Stock

Atlanticus Holdings Corporation (NASDAQ:ATLC) CEO Jeffrey Howard sold 10,000 shares of Atlanticus stock in a transaction on Friday, June 26th. The shares were sold at an average price of $109.45, for a total transaction of $1,094,500.00. Following the completion of the sale, the chief executive officer directly owned 673,265 shares of the company’s stock, valued at approximately $73,688,854.25. This trade represents a 1.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Atlanticus Stock Up 2.0%

Shares of ATLC stock traded up $2.19 on Friday, reaching $110.46. 411,859 shares of the company were exchanged, compared to its average volume of 88,944. 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 company has a 50-day moving average of $83.97 and a 200-day moving average of $67.54. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 16.49 and a beta of 2.14. Atlanticus Holdings Corporation has a one year low of $45.74 and a one year high of $112.61.

Atlanticus (NASDAQ:ATLC) last posted its quarterly earnings results on Thursday, May 7th. The credit services provider reported $2.23 earnings per share for the quarter, topping 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 the consensus estimate of $749.36 million. Analysts anticipate that Atlanticus Holdings Corporation will post 9.48 earnings per share for the current year.

Institutional Investors Weigh In On Atlanticus

A number of institutional investors and hedge funds have recently bought and sold shares of ATLC. Bank of America Corp DE lifted its stake in Atlanticus by 18.1% during the 1st quarter. Bank of America Corp DE now owns 6,280 shares of the credit services provider’s stock valued at $330,000 after acquiring an additional 963 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Atlanticus by 7.0% in the 1st quarter. Empowered Funds LLC now owns 69,309 shares of the credit services provider’s stock worth $3,637,000 after acquiring an additional 4,556 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Atlanticus by 11.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 8,701 shares of the credit services provider’s stock valued at $471,000 after purchasing an additional 918 shares during the last quarter. Range Financial Group LLC raised its holdings in shares of Atlanticus by 5.8% in the first quarter. Range Financial Group LLC now owns 4,526 shares of the credit services provider’s stock valued at $237,000 after purchasing an additional 247 shares during the last quarter. Finally, HB Wealth Management LLC lifted its position in shares of Atlanticus by 1,761.6% during the first quarter. HB Wealth Management LLC now owns 118,788 shares of the credit services provider’s stock valued at $6,233,000 after purchasing an additional 112,407 shares in the last quarter. 14.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on ATLC shares. William Blair set a $100.00 price target on shares of Atlanticus in a research note on Wednesday, June 10th. Texas Capital raised shares of Atlanticus to a “hold” rating in a research note on Wednesday, June 10th. B. Riley Financial reiterated a “buy” rating on shares of Atlanticus in a report on Thursday, May 14th. Zacks Research upgraded shares of Atlanticus from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Finally, Weiss Ratings upgraded shares of Atlanticus from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Atlanticus currently has an average rating of “Moderate Buy” and a consensus price target of $101.25.

Atlanticus Company Profile

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.