Allspring Global Investments Holdings LLC Buys New Holdings in Atlanticus Holdings Co. (NASDAQ:ATLC)

Allspring Global Investments Holdings LLC bought a new stake in Atlanticus Holdings Co. (NASDAQ:ATLC) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 630 shares of the credit services provider’s stock, valued at approximately $26,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC lifted its stake in shares of 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 in the last quarter. Captrust Financial Advisors acquired a new position in shares of Atlanticus during the first quarter worth about $29,000. Tower Research Capital LLC TRC lifted its stake in shares of Atlanticus by 499.5% during the third quarter. Tower Research Capital LLC TRC now owns 1,157 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 964 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Atlanticus during the first quarter worth about $32,000. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of Atlanticus by 82.0% during the second quarter. BNP Paribas Arbitrage SA now owns 1,161 shares of the credit services provider’s stock worth $41,000 after purchasing an additional 523 shares in the last quarter. Institutional investors and hedge funds own 13.81% of the company’s stock.

Atlanticus Stock Up 0.2 %

Shares of Atlanticus stock opened at $30.90 on Monday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.39. The firm has a market cap of $450.77 million, a P/E ratio of 7.52 and a beta of 1.84. Atlanticus Holdings Co. has a fifty-two week low of $21.65 and a fifty-two week high of $43.70. The business has a 50-day moving average price of $30.02 and a 200 day moving average price of $34.39.

Analyst Ratings Changes

Several research firms recently commented on ATLC. JMP Securities cut their price target on Atlanticus from $42.00 to $37.00 and set a “market outperform” rating on the stock in a research note on Monday, November 13th. StockNews.com upgraded Atlanticus from a “hold” rating to a “buy” rating in a research note on Friday, October 13th. Finally, Janney Montgomery Scott began coverage on Atlanticus in a research note on Wednesday, September 13th. They issued a “neutral” rating and a $40.00 price target on the stock.

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.