Atlanticus Holdings Co. (NASDAQ:ATLC) Director Denise M. Harrod Sells 359 Shares

Atlanticus Holdings Co. (NASDAQ:ATLC) Director Denise M. Harrod sold 359 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $49.00, for a total transaction of $17,591.00. Following the sale, the director now owns 5,300 shares of the company’s stock, valued at approximately $259,700. This represents a 6.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Atlanticus Price Performance

Shares of NASDAQ ATLC opened at $49.59 on Tuesday. The stock has a market capitalization of $730.91 million, a price-to-earnings ratio of 11.14 and a beta of 1.92. Atlanticus Holdings Co. has a 12 month low of $23.09 and a 12 month high of $51.48. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.44 and a quick ratio of 1.43. The firm’s 50 day simple moving average is $37.07 and its 200-day simple moving average is $32.56.

Atlanticus (NASDAQ:ATLC) last released its earnings results on Thursday, November 7th. The credit services provider reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.04. Atlanticus had a net margin of 8.39% and a return on equity of 25.14%. The business had revenue of $351.22 million during the quarter, compared to analysts’ expectations of $326.64 million. Analysts expect that Atlanticus Holdings Co. will post 4.41 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. StockNews.com upgraded Atlanticus from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 9th. BTIG Research lifted their price target on Atlanticus from $45.00 to $54.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Stephens assumed coverage on shares of Atlanticus in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $54.00 price objective for the company. Finally, JMP Securities upped their price target on shares of Atlanticus from $45.00 to $54.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Atlanticus currently has an average rating of “Buy” and a consensus price target of $48.75.

Institutional Investors Weigh In On Atlanticus

Several institutional investors and hedge funds have recently added to or reduced their stakes in ATLC. BNP Paribas Financial Markets lifted its stake in shares of Atlanticus by 65.5% in the first quarter. BNP Paribas Financial Markets now owns 2,324 shares of the credit services provider’s stock worth $69,000 after buying an additional 920 shares in the last quarter. FMR LLC raised its holdings in shares of Atlanticus by 393.1% during the 3rd quarter. FMR LLC now owns 2,283 shares of the credit services provider’s stock worth $80,000 after acquiring an additional 1,820 shares during the period. MetLife Investment Management LLC boosted its position in shares of Atlanticus by 158.8% during the 3rd quarter. MetLife Investment Management LLC now owns 2,971 shares of the credit services provider’s stock valued at $104,000 after acquiring an additional 1,823 shares during the last quarter. Rhumbline Advisers increased its position in Atlanticus by 9.3% during the second quarter. Rhumbline Advisers now owns 8,127 shares of the credit services provider’s stock worth $229,000 after purchasing an additional 690 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in Atlanticus by 9.3% in the 2nd quarter. Squarepoint Ops LLC now owns 8,310 shares of the credit services provider’s stock valued at $234,000 after purchasing an additional 704 shares during the last quarter. Institutional investors and hedge funds own 14.15% of the company’s stock.

Atlanticus Company Profile

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.