Renaissance Technologies LLC Trims Holdings in Atlanticus Holdings Co. (NASDAQ:ATLC)

Renaissance Technologies LLC decreased its holdings in Atlanticus Holdings Co. (NASDAQ:ATLC) by 1.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 105,058 shares of the credit services provider’s stock after selling 1,600 shares during the period. Renaissance Technologies LLC owned about 0.71% of Atlanticus worth $2,961,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of Atlanticus by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 602,272 shares of the credit services provider’s stock worth $23,290,000 after buying an additional 7,234 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Atlanticus by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 258,689 shares of the credit services provider’s stock worth $7,655,000 after buying an additional 2,453 shares in the last quarter. Rhumbline Advisers grew its position in shares of Atlanticus by 9.3% during the 2nd quarter. Rhumbline Advisers now owns 8,127 shares of the credit services provider’s stock worth $229,000 after buying an additional 690 shares in the last quarter. Denali Advisors LLC grew its position in shares of Atlanticus by 5.2% during the 1st quarter. Denali Advisors LLC now owns 26,040 shares of the credit services provider’s stock worth $771,000 after buying an additional 1,285 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Atlanticus by 65.5% during 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 in the last quarter. Hedge funds and other institutional investors own 14.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. StockNews.com raised Atlanticus from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 9th. BTIG Research assumed coverage on Atlanticus in a research report on Friday, June 7th. They set a “buy” rating and a $45.00 price objective on the stock.

Atlanticus Trading Up 0.7 %

Shares of NASDAQ:ATLC opened at $35.08 on Tuesday. Atlanticus Holdings Co. has a 52-week low of $23.09 and a 52-week high of $39.53. The stock has a market cap of $518.90 million, a price-to-earnings ratio of 8.27 and a beta of 1.93. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.46. The business has a 50-day moving average price of $33.28 and a 200-day moving average price of $29.90.

Atlanticus (NASDAQ:ATLC) last announced its quarterly earnings results on Thursday, August 8th. The credit services provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.12. The company had revenue of $315.64 million during the quarter, compared to analysts’ expectations of $309.74 million. Atlanticus had a return on equity of 25.32% and a net margin of 8.42%. Equities analysts predict that Atlanticus Holdings Co. will post 4.54 EPS for the current year.

Insider Buying and Selling at Atlanticus

In other news, Director Deal W. Hudson sold 1,200 shares of Atlanticus stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $32.75, for a total value of $39,300.00. Following the sale, the director now directly owns 67,455 shares of the company’s stock, valued at $2,209,151.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Atlanticus news, Director Deal W. Hudson sold 1,200 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $32.75, for a total transaction of $39,300.00. Following the transaction, the director now owns 67,455 shares of the company’s stock, valued at $2,209,151.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Deal W. Hudson sold 2,500 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $31.35, for a total value of $78,375.00. Following the transaction, the director now directly owns 64,955 shares in the company, valued at approximately $2,036,339.25. The disclosure for this sale can be found here. 51.80% of the stock is owned by corporate insiders.

Atlanticus Company Profile

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.