GAMMA Investing LLC Purchases 7,391 Shares of Atlanticus Holdings Corporation (NASDAQ:ATLC)

GAMMA Investing LLC grew its holdings in Atlanticus Holdings Corporation (NASDAQ:ATLC) by 28,426.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,417 shares of the credit services provider’s stock after acquiring an additional 7,391 shares during the quarter. GAMMA Investing LLC’s holdings in Atlanticus were worth $379,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Rhumbline Advisers raised its stake in 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 purchasing an additional 255 shares in the last quarter. New York State Common Retirement Fund increased its holdings in shares of 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 worth $416,000 after purchasing an additional 1,200 shares during the period. Denali Advisors LLC acquired a new stake in shares of Atlanticus in the fourth quarter valued at approximately $399,000. Bailard Inc. acquired a new stake in shares of Atlanticus in the fourth quarter valued at approximately $332,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Atlanticus in the fourth quarter valued at approximately $425,000. Institutional investors own 14.15% of the company’s stock.

Atlanticus Stock Performance

Shares of NASDAQ:ATLC opened at $50.96 on Friday. Atlanticus Holdings Corporation has a 1 year low of $25.44 and a 1 year high of $64.70. The stock has a market capitalization of $771.02 million, a price-to-earnings ratio of 9.86 and a beta of 1.81. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.42 and a quick ratio of 1.42. The company’s 50 day simple moving average is $52.26 and its 200 day simple moving average is $54.09.

Atlanticus (NASDAQ:ATLC) last issued its quarterly earnings results on Thursday, May 8th. The credit services provider reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.16. Atlanticus had a return on equity of 24.51% and a net margin of 8.54%. The company had revenue of $344.87 million for the quarter, compared to analyst estimates of $347.24 million. As a group, research analysts predict that Atlanticus Holdings Corporation will post 4.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on ATLC. Keefe, Bruyette & Woods restated a “market perform” rating and set a $60.00 price objective (up previously from $52.00) on shares of Atlanticus in a research note on Monday, May 12th. Wall Street Zen lowered Atlanticus from a “strong-buy” rating to a “buy” rating in a report on Friday, May 9th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $62.60.

About Atlanticus

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.