Analysts Set Atlanticus Holdings Co. (NASDAQ:ATLC) Price Target at $61.00

Atlanticus Holdings Co. (NASDAQ:ATLC) has been given an average rating of “Buy” by the five brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $61.00.

Several equities research analysts recently weighed in on ATLC shares. B. Riley upgraded Atlanticus to a “strong-buy” rating in a research report on Tuesday, January 7th. JMP Securities increased their price objective on shares of Atlanticus from $54.00 to $75.00 and gave the company a “market outperform” rating in a research report on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $52.00 price objective (up from $45.00) on shares of Atlanticus in a research note on Monday, March 17th.

Hedge Funds Weigh In On Atlanticus

Several institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its position in shares of Atlanticus by 229.4% during the 4th 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. Globeflex Capital L P bought a new stake in shares of Atlanticus in the 4th quarter worth about $119,000. FMR LLC raised its position 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 valued at $80,000 after buying an additional 1,820 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Atlanticus in the 4th quarter valued at about $129,000. Finally, State of Tennessee Department of Treasury purchased a new position in Atlanticus in the fourth quarter worth about $143,000. Hedge funds and other institutional investors own 14.15% of the company’s stock.

Atlanticus Stock Performance

Atlanticus stock opened at $51.78 on Wednesday. Atlanticus has a 1-year low of $23.10 and a 1-year high of $64.70. The firm has a market cap of $782.65 million, a P/E ratio of 11.64 and a beta of 2.16. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.59. The firm has a 50-day moving average of $54.46 and a 200-day moving average of $49.40.

Atlanticus (NASDAQ:ATLC) last issued its quarterly earnings data on Thursday, March 13th. The credit services provider reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.19. Atlanticus had a return on equity of 25.14% and a net margin of 8.39%. The firm had revenue of $353.19 million for the quarter, compared to analyst estimates of $355.02 million. Sell-side analysts expect that Atlanticus will post 4.49 EPS for the current year.

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.