Atlanticus (NASDAQ:ATLC) Stock Rating Lowered by Wall Street Zen

Atlanticus (NASDAQ:ATLC) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Other equities research analysts have also recently issued research reports about the company. Capital One Financial set a $144.00 price target on Atlanticus in a research note on Monday, July 13th. HSBC set a $144.00 price objective on shares of Atlanticus in a research report on Monday, July 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Atlanticus in a research note on Tuesday, September 8th. BTIG Research cut their price objective on shares of Atlanticus from $179.00 to $150.00 and set a “buy” rating for the company in a research report on Friday. Finally, Texas Capital upgraded shares of Atlanticus from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.86.

Atlanticus Stock Performance

NASDAQ ATLC opened at $91.23 on Friday. The firm’s fifty day moving average is $92.28 and its two-hundred day moving average is $81.10. Atlanticus has a one year low of $47.50 and a one year high of $114.34. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $1.38 billion, a PE ratio of 8.04 and a beta of 1.80.

Atlanticus (NASDAQ:ATLC) last posted its quarterly earnings data on Thursday, November 5th. The credit services provider reported $3.00 EPS for the quarter, beating the consensus estimate of $2.99 by $0.01. Atlanticus had a return on equity of 29.05% and a net margin of 7.65%. The firm had revenue of $775.85 million during the quarter, compared to the consensus estimate of $775.08 million. Analysts expect that Atlanticus will post 9.73 earnings per share for the current year.

Institutional Trading of Atlanticus

Institutional investors have recently added to or reduced their stakes in the stock. Range Financial Group LLC grew its position in Atlanticus by 5.8% during the first quarter. Range Financial Group LLC now owns 4,526 shares of the credit services provider’s stock worth $237,000 after buying an additional 247 shares during the period. Financial Management Professionals Inc. purchased a new position in Atlanticus in the second quarter valued at about $33,000. Diversified Trust Co increased its holdings in Atlanticus by 19.3% in the third quarter. Diversified Trust Co now owns 2,616 shares of the credit services provider’s stock valued at $229,000 after buying an additional 424 shares in the last quarter. USA Financial Formulas acquired a new stake in shares of Atlanticus during the 3rd quarter valued at approximately $39,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Atlanticus by 11.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,701 shares of the credit services provider’s stock valued at $471,000 after acquiring an additional 918 shares during the period. Hedge funds and other institutional investors own 14.15% of the company’s stock.

Atlanticus Company Profile

Atlanticus Holdings Corporation is a financial technology and services company that provides credit and related financial products to consumers, primarily in the United States. Through its subsidiaries, the company focuses on serving consumers who may have limited access to traditional forms of credit.

Atlanticus operates businesses offering private-label and general-purpose credit products, including credit cards and installment loans. Its offerings are distributed through direct-to-consumer channels and partnerships with merchants, giving consumers access to financing for purchases and other personal needs.

The company also operates an auto finance business that provides vehicle-related lending solutions.