Atlanticus (NASDAQ:ATLC) Upgraded to “Strong-Buy” at StockNews.com

Atlanticus (NASDAQ:ATLCGet Free Report) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday.

Separately, JMP Securities reissued a “market outperform” rating and issued a $37.00 price objective on shares of Atlanticus in a research note on Tuesday, March 5th.

Check Out Our Latest Analysis on ATLC

Atlanticus Price Performance

Shares of NASDAQ:ATLC traded down $0.32 on Tuesday, reaching $28.68. The company’s stock had a trading volume of 11,021 shares, compared to its average volume of 12,150. Atlanticus has a 52-week low of $25.99 and a 52-week high of $43.70. The company has a market cap of $419.01 million, a P/E ratio of 6.78 and a beta of 1.84. The company has a 50-day simple moving average of $32.15 and a 200 day simple moving average of $32.13. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.38 and a current ratio of 1.38.

Atlanticus (NASDAQ:ATLCGet Free Report) last issued its quarterly earnings data on Monday, March 4th. The credit services provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.14. Atlanticus had a net margin of 8.90% and a return on equity of 27.93%. The business had revenue of $309.09 million during the quarter, compared to analysts’ expectations of $304.68 million. As a group, equities research analysts anticipate that Atlanticus will post 4.99 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Deal W. Hudson sold 2,000 shares of Atlanticus stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $30.50, for a total transaction of $61,000.00. Following the completion of the sale, the director now owns 69,855 shares in the company, valued at approximately $2,130,577.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 52.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Barclays PLC grew its position in Atlanticus by 184.4% during the 4th quarter. Barclays PLC now owns 1,132 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 734 shares during the last quarter. Captrust Financial Advisors purchased a new stake in shares of Atlanticus in the 1st quarter valued at $29,000. Tower Research Capital LLC TRC boosted its holdings in shares of Atlanticus by 499.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,157 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 964 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of Atlanticus in the 3rd quarter valued at $30,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Atlanticus in the 1st quarter valued at $32,000. Institutional investors own 14.15% of the company’s stock.

Atlanticus Company Profile

(Get Free Report)

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.

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