Atlanticus (NASDAQ:ATLC) Upgraded to “Strong-Buy” at StockNews.com

Atlanticus (NASDAQ:ATLCGet Free Report) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Tuesday.

Separately, JMP Securities reissued a “market outperform” rating and set a $37.00 target price on shares of Atlanticus in a research note on Tuesday, March 5th.

Read Our Latest Research Report on ATLC

Atlanticus Trading Down 1.1 %

Shares of NASDAQ:ATLC traded down $0.32 during trading on Tuesday, reaching $28.68. 11,021 shares of the company traded hands, compared to its average volume of 12,150. The firm has a market capitalization of $419.01 million, a price-to-earnings ratio of 6.78 and a beta of 1.84. Atlanticus has a 52-week low of $25.99 and a 52-week high of $43.70. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.37. The business’s fifty day moving average is $32.15 and its 200-day moving average is $32.13.

Atlanticus (NASDAQ:ATLCGet Free Report) last announced its quarterly earnings results on Monday, March 4th. The credit services provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.14. Atlanticus had a return on equity of 27.93% and a net margin of 8.90%. The company had revenue of $309.09 million during the quarter, compared to analyst estimates of $304.68 million. As a group, analysts forecast that Atlanticus will post 4.99 EPS for the current year.

Insiders Place Their Bets

In other Atlanticus news, Director Deal W. Hudson sold 2,000 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $30.50, for a total value of $61,000.00. Following the completion of the transaction, the director now owns 69,855 shares in the company, valued at $2,130,577.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 52.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Atlanticus

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Atlanticus by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 256,236 shares of the credit services provider’s stock worth $9,909,000 after purchasing an additional 1,295 shares during the period. Price T Rowe Associates Inc. MD acquired a new stake in shares of Atlanticus during the fourth quarter worth $204,000. GSA Capital Partners LLP raised its position in shares of Atlanticus by 51.2% during the fourth quarter. GSA Capital Partners LLP now owns 18,500 shares of the credit services provider’s stock worth $715,000 after purchasing an additional 6,267 shares during the period. Barclays PLC raised its position in Atlanticus by 254.9% during the fourth quarter. Barclays PLC now owns 8,032 shares of the credit services provider’s stock valued at $310,000 after buying an additional 5,769 shares during the period. Finally, Nuveen Asset Management LLC raised its position in Atlanticus by 25.3% during the fourth quarter. Nuveen Asset Management LLC now owns 12,615 shares of the credit services provider’s stock valued at $488,000 after buying an additional 2,548 shares during the period. 14.15% of the stock is currently owned by hedge funds and other institutional investors.

Atlanticus Company Profile

(Get Free Report)

Atlanticus Holdings Corporation, a financial technology company, provides credit and related financial services and products to customers the United States. It operates in two segments, Credit as a Service, and Auto Finance. The Credit as a Service segment originates a range of consumer loan products, such as private label and general purpose credit cards originated by lenders through various channels, including retail and healthcare, direct mail solicitation, digital marketing, and partnerships with third parties; and offers credit to their customers for the purchase of various goods and services, including consumer electronics, furniture, elective medical procedures, healthcare, and home-improvements by partnering with retailers, healthcare providers, and other service providers.

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