5,492 Shares in Atlanticus Holdings Co. (NASDAQ:ATLC) Acquired by Voya Investment Management LLC

Voya Investment Management LLC acquired a new stake in Atlanticus Holdings Co. (NASDAQ:ATLC) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,492 shares of the credit services provider’s stock, valued at approximately $306,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ATLC. Barclays PLC grew its holdings in shares of Atlanticus by 285.6% during the third quarter. Barclays PLC now owns 8,218 shares of the credit services provider’s stock worth $289,000 after buying an additional 6,087 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Atlanticus during the 4th quarter valued at about $129,000. Exchange Traded Concepts LLC acquired a new stake in Atlanticus in the 4th quarter valued at about $280,000. Empowered Funds LLC raised its holdings in Atlanticus by 53.2% in the 4th quarter. Empowered Funds LLC now owns 26,004 shares of the credit services provider’s stock valued at $1,451,000 after acquiring an additional 9,026 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in Atlanticus by 3.2% in the 4th quarter. Rhumbline Advisers now owns 8,128 shares of the credit services provider’s stock worth $453,000 after purchasing an additional 255 shares in the last quarter. Hedge funds and other institutional investors own 14.15% of the company’s stock.

Atlanticus Stock Performance

Atlanticus stock opened at $54.87 on Monday. The firm has a 50 day simple moving average of $51.02 and a 200-day simple moving average of $53.45. The stock has a market cap of $829.25 million, a price-to-earnings ratio of 12.33 and a beta of 1.85. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.44 and a quick ratio of 1.44. Atlanticus Holdings Co. has a 1-year low of $23.10 and a 1-year high of $64.70.

Atlanticus (NASDAQ:ATLC) last issued its quarterly earnings data on Thursday, May 8th. The credit services provider reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.16. Atlanticus had a return on equity of 25.14% and a net margin of 8.39%. The company had revenue of $344.87 million during the quarter, compared to analyst estimates of $347.24 million. On average, analysts expect that Atlanticus Holdings Co. will post 4.49 EPS for the current year.

Wall Street Analysts Forecast Growth

ATLC has been the subject of a number of analyst reports. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $52.00 price target (up from $45.00) on shares of Atlanticus in a research report on Monday, March 17th. StockNews.com cut Atlanticus from a “strong-buy” rating to a “buy” rating in a report on Friday. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $61.00.

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.