Atlanticus (NASDAQ:ATLC) Now Covered by Analysts at BTIG Research

BTIG Research assumed coverage on shares of Atlanticus (NASDAQ:ATLCFree Report) in a report released on Friday, MarketBeat.com reports. The firm issued a buy rating and a $45.00 target price on the credit services provider’s stock.

A number of other research analysts have also recently weighed in on the company. JMP Securities restated a market outperform rating and issued a $39.00 price target on shares of Atlanticus in a research report on Tuesday, May 28th. StockNews.com cut Atlanticus from a strong-buy rating to a buy rating in a research report on Wednesday, May 22nd. Finally, Keefe, Bruyette & Woods started coverage on Atlanticus in a research report on Wednesday, May 22nd. They issued a market perform rating and a $33.00 price target for the company. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $41.40.

Read Our Latest Research Report on Atlanticus

Atlanticus Trading Up 0.7 %

NASDAQ:ATLC opened at $26.62 on Friday. The stock has a fifty day moving average price of $26.63 and a two-hundred day moving average price of $31.01. The stock has a market capitalization of $393.71 million, a price-to-earnings ratio of 6.28 and a beta of 1.88. 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 has a 1 year low of $23.09 and a 1 year high of $43.70.

Atlanticus (NASDAQ:ATLCGet Free Report) last released its quarterly earnings data on Friday, May 10th. The credit services provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.11. The firm 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 anticipate that Atlanticus will post 4.52 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Frank J. Hanna III acquired 263,432 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The stock was purchased at an average price of $28.21 per share, for a total transaction of $7,431,416.72. Following the transaction, the insider now owns 263,432 shares in the company, valued at approximately $7,431,416.72. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Atlanticus news, Director Deal W. Hudson sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Frank J. Hanna III purchased 263,432 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was acquired at an average cost of $28.21 per share, for a total transaction of $7,431,416.72. Following the completion of the purchase, the insider now owns 263,432 shares in the company, valued at approximately $7,431,416.72. The disclosure for this purchase can be found here. 51.80% of the stock is currently owned by company insiders.

Institutional Trading of Atlanticus

A number of hedge funds have recently added to or reduced their stakes in ATLC. DekaBank Deutsche Girozentrale acquired a new stake in Atlanticus in the 3rd quarter worth about $30,000. Barclays PLC boosted its stake in Atlanticus by 23.8% in the 3rd quarter. Barclays PLC now owns 2,263 shares of the credit services provider’s stock worth $68,000 after buying an additional 435 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Atlanticus by 65.5% in the 1st quarter. BNP Paribas Financial Markets now owns 2,324 shares of the credit services provider’s stock worth $69,000 after buying an additional 920 shares during the last quarter. New York State Common Retirement Fund boosted its stake in Atlanticus by 62.4% in the 3rd quarter. New York State Common Retirement Fund now owns 6,254 shares of the credit services provider’s stock worth $190,000 after buying an additional 2,404 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new stake in Atlanticus in the 3rd quarter worth about $282,000. 14.15% of the stock is owned by institutional investors and hedge funds.

Atlanticus Company Profile

(Get 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.

Further Reading

Analyst Recommendations for Atlanticus (NASDAQ:ATLC)

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