Atlanticus Holdings Co. (NASDAQ:ATLC) Receives Consensus Recommendation of “Buy” from Analysts

Atlanticus Holdings Co. (NASDAQ:ATLC) has been assigned an average recommendation of “Buy” from the five brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $57.20.

Several brokerages have recently commented on ATLC. JMP Securities increased their target price on Atlanticus from $54.00 to $75.00 and gave the stock a “market outperform” rating in a report on Tuesday, December 3rd. Stephens began coverage on Atlanticus in a report on Wednesday, November 13th. They set an “overweight” rating and a $54.00 target price on the stock. BTIG Research increased their target price on Atlanticus from $45.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, B. Riley upgraded Atlanticus to a “strong-buy” rating in a report on Tuesday, January 7th.

Atlanticus Price Performance

Shares of ATLC stock opened at $54.93 on Friday. The stock’s fifty day moving average is $57.58 and its 200-day moving average is $47.27. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a market capitalization of $809.67 million, a PE ratio of 12.34 and a beta of 2.10. Atlanticus has a 52 week low of $23.09 and a 52 week high of $64.70.

Hedge Funds Weigh In On Atlanticus

Several hedge funds have recently added to or reduced their stakes in ATLC. Tower Research Capital LLC TRC boosted its holdings in Atlanticus by 229.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 728 shares of the credit services provider’s stock valued at $41,000 after acquiring an additional 507 shares during the last quarter. FMR LLC boosted its holdings in Atlanticus by 393.1% in the third quarter. FMR LLC now owns 2,283 shares of the credit services provider’s stock valued at $80,000 after acquiring an additional 1,820 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in Atlanticus by 158.8% in the third 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. Globeflex Capital L P bought a new position in Atlanticus in the fourth quarter valued at about $119,000. Finally, SG Americas Securities LLC bought a new position in Atlanticus in the fourth quarter valued at about $129,000. Institutional investors 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.