US Bancorp DE Takes Position in Atlanticus Holdings Corporation $ATLC

US Bancorp DE bought a new stake in shares of Atlanticus Holdings Corporation (NASDAQ:ATLC) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,440 shares of the credit services provider’s stock, valued at approximately $74,000.

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in shares of Atlanticus by 3.7% during the fourth quarter. JPMorgan Chase & Co. now owns 5,079 shares of the credit services provider’s stock valued at $283,000 after purchasing an additional 180 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Atlanticus by 6.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,413 shares of the credit services provider’s stock worth $358,000 after purchasing an additional 402 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Atlanticus by 229.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 728 shares of the credit services provider’s stock worth $41,000 after acquiring an additional 507 shares during the last quarter. Barclays PLC boosted its position in shares of Atlanticus by 11.6% during the fourth quarter. Barclays PLC now owns 9,168 shares of the credit services provider’s stock worth $511,000 after acquiring an additional 950 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Atlanticus during the first quarter worth $56,000. 14.15% of the stock is owned by hedge funds and other institutional investors.

Atlanticus Stock Performance

ATLC opened at $63.29 on Tuesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a fifty day moving average price of $53.73 and a 200 day moving average price of $52.89. Atlanticus Holdings Corporation has a 1 year low of $30.00 and a 1 year high of $64.70. The stock has a market cap of $956.94 million, a P/E ratio of 11.12 and a beta of 1.93.

Atlanticus (NASDAQ:ATLC) last released its earnings results on Thursday, August 7th. The credit services provider reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.21. Atlanticus had a net margin of 8.51% and a return on equity of 24.20%. The business had revenue of $393.82 million during the quarter, compared to analyst estimates of $373.87 million. Equities research analysts anticipate that Atlanticus Holdings Corporation will post 4.49 earnings per share for the current year.

Insider Activity

In related news, Director Deal W. Hudson sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $62.39, for a total value of $124,780.00. Following the completion of the sale, the director owned 61,092 shares of the company’s stock, valued at approximately $3,811,529.88. This represents a 3.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 51.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $60.00 target price (up previously from $52.00) on shares of Atlanticus in a research note on Monday, May 12th. Wall Street Zen raised shares of Atlanticus from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 9th. Finally, JMP Securities raised their price target on shares of Atlanticus from $75.00 to $78.00 and gave the company a “market outperform” rating in a report on Tuesday, August 12th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Atlanticus presently has an average rating of “Buy” and a consensus price target of $63.20.

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.