Atlanticus (NASDAQ:ATLC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Atlanticus (NASDAQ:ATLC) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday.

Other research analysts have also issued research reports about the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Atlanticus in a research note on Friday, March 27th. B. Riley Financial upped their price target on shares of Atlanticus from $90.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, March 23rd. Finally, Citizens Jmp upped their price target on shares of Atlanticus from $100.00 to $102.00 and gave the company a “market outperform” rating in a research note on Tuesday, March 17th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $91.25.

Atlanticus Stock Up 5.8%

Shares of ATLC stock opened at $67.09 on Friday. Atlanticus has a 52-week low of $45.74 and a 52-week high of $78.91. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 11.26 and a beta of 1.88. The firm’s 50-day moving average is $54.76 and its 200-day moving average is $57.70. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.23 and a current ratio of 1.23.

Atlanticus (NASDAQ:ATLC) last announced its quarterly earnings results on Thursday, March 12th. The credit services provider reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.10. Atlanticus had a net margin of 6.21% and a return on equity of 22.39%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $691.81 million. Sell-side analysts predict that Atlanticus will post 4.49 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ATLC. Murphy & Mullick Capital Management Corp acquired a new position in shares of Atlanticus during the 3rd quarter worth approximately $38,000. Advisory Services Network LLC acquired a new position in shares of Atlanticus during the 3rd quarter worth approximately $47,000. Jones Financial Companies Lllp acquired a new position in shares of Atlanticus during the 1st quarter worth approximately $71,000. AlphaQuest LLC grew its position in shares of Atlanticus by 20,442.9% during the 3rd quarter. AlphaQuest LLC now owns 1,438 shares of the credit services provider’s stock worth $84,000 after purchasing an additional 1,431 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Atlanticus by 334.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,735 shares of the credit services provider’s stock worth $95,000 after purchasing an additional 1,336 shares in the last quarter. Institutional investors and hedge funds own 14.15% of the company’s stock.

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.