9,816 Shares in Atlanticus Holdings Co. (NASDAQ:ATLC) Bought by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. purchased a new stake in Atlanticus Holdings Co. (NASDAQ:ATLC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,816 shares of the credit services provider’s stock, valued at approximately $548,000. D. E. Shaw & Co. Inc. owned about 0.07% of Atlanticus at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in Atlanticus in the fourth quarter valued at $129,000. Exchange Traded Concepts LLC acquired a new stake in Atlanticus in the fourth quarter valued at $280,000. Empowered Funds LLC lifted its position in shares of Atlanticus by 53.2% during the fourth quarter. Empowered Funds LLC now owns 26,004 shares of the credit services provider’s stock worth $1,451,000 after purchasing an additional 9,026 shares during the last quarter. Rhumbline Advisers grew its position in shares of Atlanticus by 3.2% in the 4th quarter. Rhumbline Advisers now owns 8,128 shares of the credit services provider’s stock worth $453,000 after acquiring an additional 255 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in Atlanticus by 19.2% during the fourth quarter. New York State Common Retirement Fund now owns 7,454 shares of the credit services provider’s stock valued at $416,000 after purchasing an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 14.15% of the company’s stock.

Atlanticus Price Performance

Shares of ATLC stock opened at $47.42 on Monday. The firm has a market cap of $717.27 million, a price-to-earnings ratio of 10.66 and a beta of 1.85. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.44 and a quick ratio of 1.44. The stock’s fifty day simple moving average is $52.24 and its 200 day simple moving average is $54.44. Atlanticus Holdings Co. has a one year low of $25.14 and a one year high of $64.70.

Atlanticus (NASDAQ:ATLC) last released its quarterly earnings results on Thursday, May 8th. The credit services provider reported $1.49 EPS for the quarter, beating the consensus estimate of $1.33 by $0.16. Atlanticus had a net margin of 8.39% and a return on equity of 25.14%. The business had revenue of $344.87 million for the quarter, compared to analysts’ expectations of $347.24 million. On average, analysts expect that Atlanticus Holdings Co. will post 4.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Atlanticus from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 9th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $60.00 target price (up from $52.00) on shares of Atlanticus in a report on Monday, May 12th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Atlanticus currently has an average rating of “Buy” and a consensus price target of $62.60.

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.