Atlanticus Holdings Co. (NASDAQ:ATLC) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC decreased its holdings in Atlanticus Holdings Co. (NASDAQ:ATLC) by 5.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,372 shares of the credit services provider’s stock after selling 2,102 shares during the period. Los Angeles Capital Management LLC owned about 0.25% of Atlanticus worth $1,407,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of ATLC. O Shaughnessy Asset Management LLC purchased a new stake in Atlanticus during the third quarter worth approximately $282,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Atlanticus during the 3rd quarter worth approximately $30,000. Swiss National Bank grew its position in shares of Atlanticus by 16.5% in the 3rd quarter. Swiss National Bank now owns 12,700 shares of the credit services provider’s stock valued at $385,000 after buying an additional 1,800 shares during the last quarter. New York State Common Retirement Fund grew its position in shares of Atlanticus by 62.4% in the 3rd quarter. New York State Common Retirement Fund now owns 6,254 shares of the credit services provider’s stock valued at $190,000 after buying an additional 2,404 shares during the last quarter. Finally, Barclays PLC raised its stake in Atlanticus by 23.8% during the 3rd quarter. Barclays PLC now owns 2,263 shares of the credit services provider’s stock worth $68,000 after acquiring an additional 435 shares in the last quarter. Hedge funds and other institutional investors own 14.15% of the company’s stock.

Atlanticus Price Performance

Shares of ATLC opened at $27.82 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.38 and a current ratio of 1.38. Atlanticus Holdings Co. has a fifty-two week low of $23.20 and a fifty-two week high of $43.70. The firm has a 50-day simple moving average of $28.62 and a 200-day simple moving average of $31.62. The company has a market capitalization of $411.74 million, a price-to-earnings ratio of 6.58 and a beta of 1.87.

Atlanticus (NASDAQ:ATLC) last posted its quarterly earnings data on Monday, March 4th. The credit services provider reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.14. Atlanticus had a return on equity of 27.93% and a net margin of 8.90%. The company had revenue of $309.09 million during the quarter, compared to analysts’ expectations of $304.68 million. On average, equities research analysts anticipate that Atlanticus Holdings Co. will post 4.85 earnings per share for the current year.

Insider Buying and Selling at Atlanticus

In other news, Director Deal W. Hudson sold 2,000 shares of Atlanticus stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $30.50, for a total value of $61,000.00. Following the sale, the director now owns 69,855 shares of the company’s stock, valued at $2,130,577.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Atlanticus news, major shareholder Frank J. Hanna III bought 263,432 shares of Atlanticus stock in a transaction on Tuesday, April 9th. The stock was bought at an average price of $28.21 per share, with a total value of $7,431,416.72. Following the completion of the acquisition, the insider now owns 263,432 shares in the company, valued at $7,431,416.72. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Deal W. Hudson sold 2,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $30.50, for a total transaction of $61,000.00. Following the transaction, the director now directly owns 69,855 shares in the company, valued at $2,130,577.50. The disclosure for this sale can be found here. 51.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. JMP Securities restated a “market outperform” rating and issued a $39.00 price objective on shares of Atlanticus in a research note on Wednesday, April 17th. StockNews.com cut Atlanticus from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 1st.

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.