Dimensional Fund Advisors LP Buys 7,234 Shares of Atlanticus Holdings Co. (NASDAQ:ATLC)

Dimensional Fund Advisors LP grew its stake in Atlanticus Holdings Co. (NASDAQ:ATLCFree Report) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 602,272 shares of the credit services provider’s stock after acquiring an additional 7,234 shares during the quarter. Dimensional Fund Advisors LP owned 4.13% of Atlanticus worth $23,290,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ATLC. Bank of New York Mellon Corp boosted its holdings in Atlanticus by 2.7% in the third quarter. Bank of New York Mellon Corp now owns 50,325 shares of the credit services provider’s stock worth $1,525,000 after acquiring an additional 1,304 shares in the last quarter. Barclays PLC boosted its holdings in Atlanticus by 23.8% in the third quarter. Barclays PLC now owns 2,263 shares of the credit services provider’s stock worth $68,000 after acquiring an additional 435 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in Atlanticus by 62.4% in the third quarter. New York State Common Retirement Fund now owns 6,254 shares of the credit services provider’s stock worth $190,000 after acquiring an additional 2,404 shares in the last quarter. Swiss National Bank boosted its holdings in Atlanticus by 16.5% in the third quarter. Swiss National Bank now owns 12,700 shares of the credit services provider’s stock worth $385,000 after acquiring an additional 1,800 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in Atlanticus in the third quarter worth $30,000. 14.15% of the stock is owned by institutional investors.

Insider Activity at Atlanticus

In other news, major shareholder Frank J. Hanna III acquired 263,432 shares of Atlanticus stock in a transaction that occurred on Tuesday, April 9th. The stock was bought at an average price of $28.21 per share, for a total transaction of $7,431,416.72. Following the completion of the transaction, the insider now owns 263,432 shares in the company, valued at $7,431,416.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Frank J. Hanna III purchased 263,432 shares of the business’s stock in a transaction on Tuesday, April 9th. The stock was acquired at an average price of $28.21 per share, with a total value of $7,431,416.72. Following the completion of the acquisition, the insider now owns 263,432 shares of the company’s stock, valued at approximately $7,431,416.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Deal W. Hudson sold 2,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $30.50, for a total value of $61,000.00. Following the sale, the director now directly owns 69,855 shares of the company’s stock, valued at approximately $2,130,577.50. The disclosure for this sale can be found here. 51.80% of the stock is owned by company insiders.

Atlanticus Stock Up 1.9 %

Atlanticus stock opened at $26.20 on Tuesday. The stock has a market cap of $387.55 million, a PE ratio of 6.18 and a beta of 1.87. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.42 and a current ratio of 1.42. Atlanticus Holdings Co. has a one year low of $23.09 and a one year high of $43.70. The stock has a fifty day moving average of $26.81 and a 200 day moving average of $31.10.

Atlanticus (NASDAQ:ATLCGet Free Report) last posted its quarterly earnings data on Friday, May 10th. The credit services provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.11. The company had revenue of $290.17 million during the quarter, compared to analysts’ expectations of $309.78 million. Atlanticus had a return on equity of 26.67% and a net margin of 8.67%. As a group, sell-side analysts predict that Atlanticus Holdings Co. will post 4.52 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ATLC shares. JMP Securities reissued a “market outperform” rating and issued a $39.00 target price on shares of Atlanticus in a report on Tuesday, May 28th. Keefe, Bruyette & Woods assumed coverage on Atlanticus in a research note on Wednesday, May 22nd. They issued a “market perform” rating and a $33.00 price target for the company. Finally, StockNews.com cut Atlanticus from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 22nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.50.

Read Our Latest Stock Analysis on Atlanticus

Atlanticus Company Profile

(Free Report)

Atlanticus Holdings Corporation, a financial technology company, 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, healthcare providers, and other service providers.

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Institutional Ownership by Quarter for Atlanticus (NASDAQ:ATLC)

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