Atlanticus (NASDAQ:ATLC) Given New $102.00 Price Target at Citizens Jmp

Atlanticus (NASDAQ:ATLC) had its target price increased by Citizens Jmp from $100.00 to $102.00 in a research report report published on Tuesday,Benzinga reports. The brokerage currently has a market outperform rating on the credit services provider’s stock.

Several other equities analysts have also commented on the company. Citigroup reissued an “outperform” rating on shares of Atlanticus in a report on Thursday, December 11th. 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 objective for the company. Wall Street Zen upgraded shares of Atlanticus from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Atlanticus in a report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $89.25.

Atlanticus Stock Up 10.1%

Shares of NASDAQ ATLC opened at $53.86 on Tuesday. Atlanticus has a 12-month low of $41.37 and a 12-month high of $78.91. The stock has a market cap of $803.54 million, a P/E ratio of 9.04 and a beta of 1.95. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.16. The business’s fifty day simple moving average is $55.73 and its 200-day simple moving average is $59.45.

Atlanticus (NASDAQ:ATLC) last announced its quarterly earnings data on Thursday, March 12th. The credit services provider reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.10. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $691.81 million. Atlanticus had a net margin of 6.21% and a return on equity of 22.39%. As a group, equities analysts predict that Atlanticus will post 4.49 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Deal W. Hudson sold 1,675 shares of the stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $59.72, for a total transaction of $100,031.00. Following the transaction, the director directly owned 60,467 shares in the company, 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 SEC, which can be accessed through this hyperlink. Company insiders own 51.80% of the company’s stock.

Hedge Funds Weigh In On Atlanticus

A number of large investors have recently modified their holdings of ATLC. Wellington Management Group LLP lifted its stake in shares of Atlanticus by 54.7% during the fourth quarter. Wellington Management Group LLP now owns 704,282 shares of the credit services provider’s stock worth $47,152,000 after purchasing an additional 249,100 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Atlanticus by 468.2% in the second quarter. Russell Investments Group Ltd. now owns 69,298 shares of the credit services provider’s stock valued at $3,794,000 after buying an additional 57,103 shares in the last quarter. Bridgeway Capital Management LLC grew its stake in shares of Atlanticus by 133.5% in the second quarter. Bridgeway Capital Management LLC now owns 93,234 shares of the credit services provider’s stock valued at $5,105,000 after buying an additional 53,312 shares in the last quarter. UBS Group AG raised its holdings in shares of Atlanticus by 333.2% during the 4th quarter. UBS Group AG now owns 37,582 shares of the credit services provider’s stock valued at $2,516,000 after buying an additional 28,907 shares during the period. Finally, American Century Companies Inc. lifted its position in Atlanticus by 25.8% during the 2nd quarter. American Century Companies Inc. now owns 120,071 shares of the credit services provider’s stock worth $6,574,000 after acquiring an additional 24,595 shares in the last quarter. 14.15% of the stock is currently owned by hedge funds and other institutional investors.

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.