Atlanticus Holdings Corporation (NASDAQ:ATLC) Given Average Rating of “Buy” by Brokerages

Shares of Atlanticus Holdings Corporation (NASDAQ:ATLC) have earned a consensus recommendation of “Buy” from the five analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $62.60.

Several equities analysts have recently issued reports on ATLC shares. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $60.00 price objective (up previously from $52.00) on shares of Atlanticus in a research note on Monday, May 12th. Wall Street Zen cut shares of Atlanticus from a “strong-buy” rating to a “buy” rating in a report on Friday, May 9th.

Atlanticus Stock Up 1.3%

Shares of ATLC opened at $57.64 on Friday. The company’s 50-day moving average price is $52.38 and its 200 day moving average price is $53.61. Atlanticus has a 12-month low of $25.44 and a 12-month high of $64.70. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.57. The firm has a market cap of $872.09 million, a P/E ratio of 11.15 and a beta of 1.83.

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, beating analysts’ consensus estimates of $1.33 by $0.16. The business had revenue of $344.87 million during the quarter, compared to analysts’ expectations of $347.24 million. Atlanticus had a return on equity of 24.51% and a net margin of 8.54%. On average, sell-side analysts forecast that Atlanticus will post 4.49 earnings per share for the current year.

Institutional Trading of Atlanticus

Large investors have recently bought and sold shares of the company. Rhumbline Advisers lifted its holdings in shares of Atlanticus by 3.2% in the fourth quarter. Rhumbline Advisers now owns 8,128 shares of the credit services provider’s stock valued at $453,000 after purchasing an additional 255 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Atlanticus during the 4th quarter worth approximately $425,000. Globeflex Capital L P acquired a new position in shares of Atlanticus during the 4th quarter worth approximately $119,000. Semanteon Capital Management LP purchased a new stake in Atlanticus in the 4th quarter valued at approximately $210,000. Finally, Quantbot Technologies LP acquired a new stake in Atlanticus during the 4th quarter valued at $147,000. Institutional investors and hedge funds own 14.15% of the company’s stock.

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.