Atlanticus (NASDAQ:ATLC) Coverage Initiated at Keefe, Bruyette & Woods

Analysts at Keefe, Bruyette & Woods initiated coverage on shares of Atlanticus (NASDAQ:ATLCGet Free Report) in a report issued on Wednesday, MarketBeat Ratings reports. The firm set a “market perform” rating and a $33.00 price target on the credit services provider’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 32.11% from the stock’s current price.

A number of other research analysts have also recently weighed in on ATLC. StockNews.com raised shares of Atlanticus from a “buy” rating to a “strong-buy” rating in a research note on Monday, May 13th. JMP Securities reissued a “market outperform” rating and set a $39.00 price target on shares of Atlanticus in a research report on Monday, May 13th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $40.50.

View Our Latest Research Report on ATLC

Atlanticus Stock Performance

Shares of ATLC stock opened at $24.98 on Wednesday. The stock has a fifty day moving average price of $27.41 and a 200 day moving average price of $31.36. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market cap of $369.45 million, a PE ratio of 5.89 and a beta of 1.87. Atlanticus has a 1 year low of $23.09 and a 1 year high of $43.70.

Atlanticus (NASDAQ:ATLCGet Free Report) last released its quarterly earnings results on Monday, March 4th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.14. The business had revenue of $309.09 million during the quarter, compared to the consensus estimate of $304.68 million. Atlanticus had a return on equity of 26.67% and a net margin of 8.67%. Sell-side analysts forecast that Atlanticus will post 4.52 earnings per share for the current fiscal year.

Insider Activity at Atlanticus

In other news, Director Deal W. Hudson sold 2,000 shares of the firm’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 sale, the director now owns 69,855 shares in the company, valued at $2,130,577.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder Frank J. Hanna III bought 263,432 shares of the stock in a transaction that occurred on Tuesday, April 9th. The stock was purchased at an average cost of $28.21 per share, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Deal W. Hudson sold 2,000 shares of the stock in a transaction that occurred 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 approximately $2,130,577.50. The disclosure for this sale can be found here. Insiders own 51.80% of the company’s stock.

Institutional Trading of Atlanticus

Several institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its holdings in Atlanticus by 2.7% in the third quarter. Bank of New York Mellon Corp now owns 50,325 shares of the credit services provider’s stock valued at $1,525,000 after acquiring an additional 1,304 shares during the last quarter. Barclays PLC raised its holdings in shares of Atlanticus by 23.8% in the 3rd quarter. Barclays PLC now owns 2,263 shares of the credit services provider’s stock worth $68,000 after purchasing an additional 435 shares during the period. New York State Common Retirement Fund lifted its stake 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 purchasing an additional 2,404 shares in the last quarter. Swiss National Bank grew its holdings in shares of Atlanticus by 16.5% during the 3rd quarter. Swiss National Bank now owns 12,700 shares of the credit services provider’s stock worth $385,000 after purchasing an additional 1,800 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Atlanticus during the 3rd quarter worth approximately $30,000. 14.15% of the stock is owned by hedge funds and other institutional investors.

Atlanticus Company Profile

(Get Free Report)

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.

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