Atlanticus (NASDAQ:ATLC) CFO William Mccamey Sells 10,000 Shares of Stock

Atlanticus Holdings Corporation (NASDAQ:ATLCGet Free Report) CFO William Mccamey sold 10,000 shares of the stock in a transaction on Friday, June 26th. The stock was sold at an average price of $109.45, for a total value of $1,094,500.00. Following the transaction, the chief financial officer owned 137,410 shares of the company’s stock, valued at $15,039,524.50. The trade was a 6.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Atlanticus Stock Up 2.0%

Atlanticus stock opened at $110.46 on Friday. Atlanticus Holdings Corporation has a 1-year low of $45.74 and a 1-year high of $112.61. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 16.49 and a beta of 2.14. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.08. The firm has a 50 day simple moving average of $84.81 and a 200 day simple moving average of $67.84.

Atlanticus (NASDAQ:ATLCGet Free Report) last issued its earnings results on Thursday, May 7th. The credit services provider reported $2.23 EPS for the quarter, topping the consensus estimate of $1.69 by $0.54. The business had revenue of $679.59 million during the quarter, compared to the consensus estimate of $749.36 million. Atlanticus had a return on equity of 23.43% and a net margin of 5.86%. On average, analysts predict that Atlanticus Holdings Corporation will post 9.48 earnings per share for the current year.

Institutional Investors Weigh In On Atlanticus

Several hedge funds have recently bought and sold shares of the stock. Range Financial Group LLC grew its stake in Atlanticus by 5.8% in the 1st 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 in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Atlanticus by 5.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,194 shares of the credit services provider’s stock valued at $616,000 after buying an additional 478 shares in the last quarter. Jump Financial LLC raised its position in shares of Atlanticus by 6.1% during the 2nd quarter. Jump Financial LLC now owns 9,344 shares of the credit services provider’s stock valued at $512,000 after buying an additional 537 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Atlanticus by 9.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 7,783 shares of the credit services provider’s stock worth $521,000 after acquiring an additional 681 shares during the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Atlanticus during the 3rd quarter worth $47,000. 14.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ATLC. Wall Street Zen lowered shares of Atlanticus from a “strong-buy” rating to a “buy” rating in a research report on Saturday. William Blair set a $100.00 target price on shares of Atlanticus in a report on Wednesday, June 10th. Texas Capital upgraded shares of Atlanticus to a “hold” rating in a research note on Wednesday, June 10th. Citizens Jmp raised their price target on shares of Atlanticus from $100.00 to $102.00 and gave the company a “market outperform” rating in a report on Tuesday, March 17th. Finally, B. Riley Financial restated a “buy” rating on shares of Atlanticus in a research report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.25.

View Our Latest Stock Analysis on Atlanticus

About Atlanticus

(Get Free Report)

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.

See Also

Receive News & Ratings for Atlanticus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlanticus and related companies with MarketBeat.com's FREE daily email newsletter.