Atlanticus Holdings Corporation (NASDAQ:ATLC) Given Average Rating of “Moderate Buy” by Analysts

Atlanticus Holdings Corporation (NASDAQ:ATLC) has earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $90.00.

Several research analysts recently commented on ATLC shares. B. Riley Financial assumed coverage on Atlanticus in a research note on Wednesday, January 7th. They issued a “buy” rating and a $90.00 price target on the stock. Citigroup restated an “outperform” rating on shares of Atlanticus in a research note on Thursday, December 11th. BTIG Research restated a “buy” rating and set a $105.00 price target on shares of Atlanticus in a research report on Monday, October 27th. Wall Street Zen downgraded Atlanticus from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. Finally, Citizens Jmp upped their price target on shares of Atlanticus from $95.00 to $100.00 and gave the stock a “market outperform” rating in a research note on Thursday, December 11th.

Atlanticus Stock Down 5.6%

Shares of NASDAQ ATLC opened at $51.87 on Friday. The company has a market cap of $785.31 million, a P/E ratio of 9.21 and a beta of 1.95. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.20. Atlanticus has a 12-month low of $41.37 and a 12-month high of $78.91. The stock has a fifty day moving average price of $61.54 and a 200 day moving average price of $60.17.

Insider Transactions at Atlanticus

In other Atlanticus news, Director Deal W. Hudson sold 1,675 shares of the company’s stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $59.72, for a total value of $100,031.00. Following the transaction, the director owned 60,467 shares of the company’s stock, valued at approximately $3,611,089.24. This represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 50.40% of the company’s stock.

Institutional Investors Weigh In On Atlanticus

Large investors have recently made changes to their positions in the company. OpenArc Corporate Advisory LLC acquired a new position in Atlanticus during the fourth quarter valued at $761,000. Charles Schwab Investment Management Inc. boosted its holdings in Atlanticus by 42.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 65,155 shares of the credit services provider’s stock worth $4,362,000 after purchasing an additional 19,357 shares in the last quarter. State Street Corp boosted its stake in shares of Atlanticus by 9.8% during the 4th quarter. State Street Corp now owns 117,071 shares of the credit services provider’s stock worth $7,838,000 after acquiring an additional 10,409 shares in the last quarter. New York State Common Retirement Fund boosted its position in Atlanticus by 22.2% during the fourth quarter. New York State Common Retirement Fund now owns 6,054 shares of the credit services provider’s stock worth $405,000 after purchasing an additional 1,100 shares during the period. Finally, Empowered Funds LLC boosted its holdings in shares of Atlanticus by 8.0% during the 4th quarter. Empowered Funds LLC now owns 64,753 shares of the credit services provider’s stock worth $4,335,000 after buying an additional 4,805 shares during the period. Institutional investors and hedge funds own 14.15% of the company’s stock.

Atlanticus Company Profile

Atlanticus Holdings Corporation is a specialty financial services holding company that provides credit products and solutions to consumers across the United States. Through its subsidiaries, the company offers proprietary credit card programs, installment loan products and deposit accounts designed to serve customers who may have limited access to traditional credit. Atlanticus markets its offerings through a variety of channels, including direct‐to‐consumer online platforms, mail order, call centers and partnerships with retail and e-commerce businesses.

The company underwrites and services credit card portfolios under private-label and co-branded agreements, combining technology‐enabled underwriting with tailored customer service.