Wells Fargo & Company MN Has $520,000 Holdings in Atlanticus Holdings Co. (NASDAQ:ATLC)

Wells Fargo & Company MN boosted its holdings in Atlanticus Holdings Co. (NASDAQ:ATLC) by 274.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,316 shares of the credit services provider’s stock after purchasing an additional 6,829 shares during the quarter. Wells Fargo & Company MN owned 0.06% of Atlanticus worth $520,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Jane Street Group LLC acquired a new position in Atlanticus during the third quarter worth about $313,000. Barclays PLC increased its position in Atlanticus by 285.6% during the 3rd quarter. Barclays PLC now owns 8,218 shares of the credit services provider’s stock worth $289,000 after purchasing an additional 6,087 shares in the last quarter. Geode Capital Management LLC lifted its stake in Atlanticus by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 122,501 shares of the credit services provider’s stock valued at $4,298,000 after purchasing an additional 2,348 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Atlanticus in the 4th quarter valued at approximately $3,828,000. Finally, Horizon Investment Services LLC acquired a new stake in Atlanticus in the fourth quarter valued at approximately $617,000. Institutional investors own 14.15% of the company’s stock.

Analyst Ratings Changes

ATLC has been the topic of several recent research reports. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $52.00 price objective (up previously from $45.00) on shares of Atlanticus in a report on Monday, March 17th. B. Riley upgraded Atlanticus to a “strong-buy” rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $61.00.

Atlanticus Trading Up 2.9 %

ATLC opened at $55.35 on Friday. The company has a market cap of $836.50 million, a P/E ratio of 12.44 and a beta of 2.16. The company has a fifty day moving average price of $50.80 and a two-hundred day moving average price of $52.72. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.59. Atlanticus Holdings Co. has a 1-year low of $23.10 and a 1-year high of $64.70.

Atlanticus (NASDAQ:ATLC) last issued its earnings results on Thursday, March 13th. The credit services provider reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.19. Atlanticus had a return on equity of 25.14% and a net margin of 8.39%. The company had revenue of $353.19 million for the quarter, compared to analyst estimates of $355.02 million. Analysts predict that Atlanticus Holdings Co. will post 4.49 EPS for the current fiscal year.

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.