Zazove Associates LLC Acquires New Stake in Atlanticus Holdings Corp (NASDAQ:ATLC)
Zazove Associates LLC acquired a new stake in shares of Atlanticus Holdings Corp (NASDAQ:ATLC) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 143,148 shares of the credit services provider’s stock, valued at approximately $580,000. Zazove Associates LLC owned about 0.90% of Atlanticus as of its most recent SEC filing.
Shares of ATLC traded up $0.08 during trading hours on Wednesday, reaching $6.01. 300 shares of the company traded hands, compared to its average volume of 8,911. The company has a market cap of $96.48 million, a PE ratio of 4.68 and a beta of 0.24. Atlanticus Holdings Corp has a fifty-two week low of $1.53 and a fifty-two week high of $6.46. The company’s fifty day moving average price is $4.57.
Atlanticus (NASDAQ:ATLC) last posted its quarterly earnings data on Tuesday, May 14th. The credit services provider reported $0.39 EPS for the quarter. The business had revenue of $57.07 million for the quarter. Atlanticus had a negative return on equity of 61.75% and a net margin of 7.77%.
In related news, Director Thomas G. Rosencrants acquired 9,000 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were acquired at an average price of $3.49 per share, with a total value of $31,410.00. Following the completion of the purchase, the director now directly owns 70,000 shares in the company, valued at $244,300. The purchase was disclosed in a document filed with the SEC, which is available through this link. 34.70% of the stock is owned by company insiders.
Atlanticus Holdings Corporation provides credit and related financial services and products to financially underserved consumer credit market in the United States. It operates in two segments, Credit and Other Investments, and Auto Finance. The Credit and Other Investments segment originates a range of consumer loan products, such as retail credit, personal loans, and credit cards through various channels, including retail point-of-sale, direct mail solicitation, Internet-based marketing, and partnerships with third parties; and offers point-of-sale financing by partnering with retailers and service providers to provide credit to their customers for the purchase of various goods and services.
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