Shares of Atlanticus Holdings Corporation (NASDAQ:ATLC – Get Free Report) gapped down prior to trading on Tuesday. The stock had previously closed at $91.23, but opened at $81.56. Atlanticus shares last traded at $81.6630, with a volume of 2,056 shares.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on ATLC. Texas Capital raised shares of Atlanticus from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. B. Riley Financial reissued a “buy” rating on shares of Atlanticus in a report on Thursday, September 3rd. Citigroup restated a “market outperform” rating on shares of Atlanticus in a research report on Tuesday. HSBC set a $144.00 target price on shares of Atlanticus in a research note on Monday, July 13th. Finally, Citizens Jmp raised their target price on shares of Atlanticus from $110.00 to $117.00 and gave the company a “market outperform” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.00.
View Our Latest Stock Analysis on Atlanticus
Atlanticus Trading Down 1.8%
The company has a market cap of $1.21 billion, a PE ratio of 7.02 and a beta of 1.80. The stock’s 50 day moving average is $92.09 and its 200-day moving average is $81.21. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.99.
Atlanticus (NASDAQ:ATLC – Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The credit services provider reported $3.00 EPS for the quarter, beating the consensus estimate of $2.99 by $0.01. Atlanticus had a net margin of 5.80% and a return on equity of 25.17%. The business had revenue of $775.85 million during the quarter, compared to analyst estimates of $775.08 million. As a group, sell-side analysts anticipate that Atlanticus Holdings Corporation will post 9.73 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of ATLC. Financial Management Professionals Inc. purchased a new position in Atlanticus during the 2nd quarter valued at $33,000. USA Financial Formulas bought a new position in shares of Atlanticus during the third quarter valued at approximately $39,000. Pinnacle Wealth Planning Services Inc. purchased a new position in shares of Atlanticus in the 3rd quarter valued at $87,000. Walleye Capital LLC purchased a new position in Atlanticus in the second quarter valued at about $208,000. Finally, Diversified Trust Co raised its stake in shares of Atlanticus by 19.3% during the 3rd quarter. Diversified Trust Co now owns 2,616 shares of the credit services provider’s stock worth $229,000 after acquiring an additional 424 shares in the last quarter. 14.15% of the stock is owned by hedge funds and other institutional investors.
About Atlanticus
Atlanticus Holdings Corporation is a financial technology and consumer finance company that provides credit products to consumers, including people who may have limited access to traditional credit. It works with banks, retailers and other partners to offer credit cards, installment loans and point-of-sale financing.
The company’s offerings include general-purpose and private-label credit cards, as well as financing for purchases in areas such as healthcare and home improvement. Atlanticus also provides financing solutions through relationships with auto dealers and other businesses.
Founded in 1996 as CompuCredit, the company later adopted the Atlanticus name.
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