Atlanticus Holdings Corporation (NASDAQ:ATLC – Get 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:ATLC – Get 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
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
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.
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