B. Riley Financial Issues Positive Forecast for Atlanticus (NASDAQ:ATLC) Stock Price

Atlanticus (NASDAQ:ATLC) had its price objective boosted by B. Riley Financial from $90.00 to $98.00 in a research report released on Monday,Benzinga reports. B. Riley Financial currently has a buy rating on the credit services provider’s stock.

Other equities research analysts also recently issued reports about the company. Citizens Jmp upped their price objective on Atlanticus from $100.00 to $102.00 and gave the company a “market outperform” rating in a research report on Tuesday, March 17th. Citigroup reiterated an “outperform” rating on shares of Atlanticus in a report on Thursday, December 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of Atlanticus in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded Atlanticus from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $91.25.

Atlanticus Stock Performance

Atlanticus stock opened at $56.31 on Monday. The company’s 50-day moving average price is $54.88 and its 200-day moving average price is $59.09. Atlanticus has a twelve month low of $41.37 and a twelve month high of $78.91. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.16. The company has a market cap of $840.15 million, a PE ratio of 9.45 and a beta of 1.95.

Atlanticus (NASDAQ:ATLC) last announced its quarterly earnings results 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 firm had revenue of $1.47 billion during 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%. On average, equities research analysts forecast that Atlanticus will post 4.49 EPS for the current fiscal year.

Insider Transactions at Atlanticus

In other Atlanticus news, Director Deal W. Hudson sold 1,675 shares of the company’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $59.72, for a total value of $100,031.00. Following the transaction, the director directly owned 60,467 shares in the company, valued at $3,611,089.24. This represents a 2.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 51.80% of the stock is currently owned by company insiders.

Institutional Trading of Atlanticus

A number of large investors have recently modified their holdings of the company. Murphy & Mullick Capital Management Corp bought a new position in Atlanticus in the third quarter worth approximately $38,000. Advisory Services Network LLC bought a new stake in Atlanticus during the 3rd quarter valued at $47,000. Jones Financial Companies Lllp purchased a new stake in shares of Atlanticus in the 1st quarter worth $71,000. AlphaQuest LLC lifted its holdings in shares of Atlanticus by 20,442.9% in the 3rd quarter. AlphaQuest LLC now owns 1,438 shares of the credit services provider’s stock worth $84,000 after buying an additional 1,431 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of Atlanticus by 334.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,735 shares of the credit services provider’s stock worth $95,000 after buying an additional 1,336 shares in the last quarter. Hedge funds and other institutional investors own 14.15% of the company’s stock.

About Atlanticus

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.