Atlanticus’ (ATLC) “Market Perform” Rating Reiterated at Keefe, Bruyette & Woods

Atlanticus (NASDAQ:ATLC)‘s stock had its “market perform” rating reiterated by research analysts at Keefe, Bruyette & Woods in a report released on Monday,Benzinga reports. They currently have a $60.00 target price on the credit services provider’s stock, up from their previous target price of $52.00. Keefe, Bruyette & Woods’ price target suggests a potential upside of 3.95% from the company’s previous close.

Separately, StockNews.com downgraded shares of Atlanticus from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 9th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Atlanticus presently has an average rating of “Buy” and a consensus target price of $62.60.

Atlanticus Stock Performance

Atlanticus stock opened at $57.72 on Monday. The stock has a 50-day simple moving average of $51.42 and a 200 day simple moving average of $53.62. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.59. Atlanticus has a 12-month low of $23.10 and a 12-month high of $64.70. The stock has a market capitalization of $872.32 million, a price-to-earnings ratio of 12.97 and a beta of 1.85.

Atlanticus (NASDAQ:ATLC) last released its quarterly earnings results on Thursday, May 8th. The credit services provider reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.16. Atlanticus had a return on equity of 25.14% and a net margin of 8.39%. The business had revenue of $344.87 million during the quarter, compared to analysts’ expectations of $347.24 million. On average, research analysts anticipate that Atlanticus will post 4.49 earnings per share for the current fiscal year.

Institutional Trading of Atlanticus

Hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC raised its holdings in Atlanticus by 19.9% during the 4th quarter. Renaissance Technologies LLC now owns 125,558 shares of the credit services provider’s stock worth $7,004,000 after buying an additional 20,800 shares during the period. Wellington Management Group LLP raised its holdings in Atlanticus by 159.2% during the 4th quarter. Wellington Management Group LLP now owns 122,225 shares of the credit services provider’s stock worth $6,818,000 after buying an additional 75,068 shares during the period. American Century Companies Inc. raised its holdings in Atlanticus by 82.4% during the 1st quarter. American Century Companies Inc. now owns 95,476 shares of the credit services provider’s stock worth $4,884,000 after buying an additional 43,142 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in Atlanticus during the 4th quarter worth approximately $3,828,000. Finally, Janney Montgomery Scott LLC acquired a new stake in Atlanticus during the 1st quarter worth approximately $2,588,000. 14.15% of the stock is currently owned by institutional investors and hedge funds.

About Atlanticus

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.