Russell Investments Group Ltd. Raises Stock Holdings in Atlanticus Holdings Corporation $ATLC

Russell Investments Group Ltd. raised its stake in Atlanticus Holdings Corporation (NASDAQ:ATLC) by 468.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,298 shares of the credit services provider’s stock after buying an additional 57,103 shares during the quarter. Russell Investments Group Ltd. owned about 0.46% of Atlanticus worth $3,794,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. New York State Teachers Retirement System increased its position in shares of Atlanticus by 151.5% during the second quarter. New York State Teachers Retirement System now owns 503 shares of the credit services provider’s stock valued at $28,000 after acquiring an additional 303 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in Atlanticus in the 1st quarter valued at approximately $71,000. US Bancorp DE acquired a new stake in Atlanticus in the 1st quarter valued at approximately $74,000. Public Employees Retirement System of Ohio purchased a new stake in Atlanticus in the second quarter valued at approximately $106,000. Finally, Quantbot Technologies LP lifted its stake in Atlanticus by 19.3% during the first quarter. Quantbot Technologies LP now owns 3,152 shares of the credit services provider’s stock worth $161,000 after purchasing an additional 509 shares in the last quarter. Hedge funds and other institutional investors own 14.15% of the company’s stock.

Wall Street Analysts Forecast Growth

ATLC has been the subject of a number of research reports. Wall Street Zen cut Atlanticus from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. BTIG Research reaffirmed a “buy” rating and issued a $105.00 target price on shares of Atlanticus in a research report on Monday, October 27th. B. Riley increased their price target on shares of Atlanticus from $70.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Citigroup restated a “market outperform” rating on shares of Atlanticus in a report on Wednesday, November 12th. Finally, JMP Securities increased their target price on shares of Atlanticus from $78.00 to $95.00 and gave the stock a “market outperform” rating in a report on Thursday, September 18th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $87.50.

Atlanticus Stock Performance

Shares of ATLC opened at $59.64 on Monday. Atlanticus Holdings Corporation has a 1 year low of $41.37 and a 1 year high of $78.91. The stock has a market capitalization of $902.95 million, a PE ratio of 10.59 and a beta of 2.08. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a 50-day simple moving average of $56.12 and a 200-day simple moving average of $57.00.

Atlanticus (NASDAQ:ATLC) last released its earnings results on Monday, November 10th. The credit services provider reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.14. Atlanticus had a net margin of 7.46% and a return on equity of 22.86%. The firm had revenue of $495.29 million for the quarter, compared to analyst estimates of $503.64 million. On average, analysts predict that Atlanticus Holdings Corporation will post 4.49 earnings per share for the current fiscal year.

About Atlanticus

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.