Atlanticus (NASDAQ:ATLC) Stock Crosses Below 200-Day Moving Average of $33.66

Atlanticus Holdings Co. (NASDAQ:ATLC)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $33.66 and traded as low as $32.50. Atlanticus shares last traded at $32.50, with a volume of 7,248 shares changing hands.

Analyst Upgrades and Downgrades

ATLC has been the subject of a number of analyst reports. StockNews.com began coverage on shares of Atlanticus in a report on Thursday, August 17th. They set a “buy” rating for the company. JMP Securities reiterated a “market outperform” rating and issued a $48.00 price target on shares of Atlanticus in a research report on Monday, August 14th. Finally, Jefferies Financial Group assumed coverage on shares of Atlanticus in a research note on Friday, June 16th. They issued a “buy” rating and a $50.00 target price for the company.

Atlanticus Stock Down 0.5 %

The stock has a 50-day moving average of $37.59 and a 200-day moving average of $33.66. The company has a market cap of $469.01 million, a PE ratio of 7.24 and a beta of 1.71. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.40.

Atlanticus (NASDAQ:ATLC) last released its quarterly earnings data on Tuesday, August 8th. The credit services provider reported $1.02 EPS for the quarter, topping the consensus estimate of $0.88 by $0.14. The firm had revenue of $290.84 million for the quarter, compared to the consensus estimate of $280.16 million. Atlanticus had a return on equity of 32.26% and a net margin of 9.82%. Sell-side analysts predict that Atlanticus Holdings Co. will post 4.43 earnings per share for the current fiscal year.

Insider Buying and Selling at Atlanticus

In related news, Director Deal W. Hudson sold 701 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $36.00, for a total transaction of $25,236.00. Following the sale, the director now directly owns 73,300 shares of the company’s stock, valued at $2,638,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Deal W. Hudson sold 2,348 shares of the stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $35.16, for a total value of $82,555.68. Following the sale, the director now owns 70,952 shares of the company’s stock, valued at $2,494,672.32. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Deal W. Hudson sold 701 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $36.00, for a total value of $25,236.00. Following the completion of the transaction, the director now directly owns 73,300 shares in the company, valued at approximately $2,638,800. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,500 shares of company stock worth $160,202. 52.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Atlanticus

Institutional investors and hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new position in shares of Atlanticus during the 2nd quarter worth approximately $26,000. Barclays PLC increased its position in Atlanticus by 184.4% during the fourth quarter. Barclays PLC now owns 1,132 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 734 shares during the last quarter. Captrust Financial Advisors purchased a new position in Atlanticus in the first quarter worth approximately $29,000. Tower Research Capital LLC TRC grew its position in Atlanticus by 499.5% in the third quarter. Tower Research Capital LLC TRC now owns 1,157 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 964 shares during the period. Finally, Quantbot Technologies LP acquired a new position in Atlanticus during the first quarter worth $32,000. 13.81% of the stock is owned by institutional investors.

About Atlanticus

Atlanticus Holdings Corporation provides credit and related financial services and products to customers the United States. It operates in two segments, Credit as a Service, and Auto Finance. The Credit as a Service segment originates a range of consumer loan products, such as private label and general purpose credit cards originated by lenders through various channels, including retail and healthcare, direct mail solicitation, digital marketing, and partnerships with third parties; and offers credit to their customers for the purchase of various goods and services, including consumer electronics, furniture, elective medical procedures, healthcare, and home-improvements by partnering with retailers and service providers.