Atlanticus Holdings Co. (NASDAQ:ATLC) Receives $57.20 Consensus Target Price from Analysts

Shares of Atlanticus Holdings Co. (NASDAQ:ATLC) have received a consensus recommendation of “Buy” from the five research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $57.20.

ATLC has been the subject of several research reports. Stephens assumed coverage on Atlanticus in a report on Wednesday, November 13th. They set an “overweight” rating and a $54.00 price objective for the company. JMP Securities lifted their price objective on Atlanticus from $54.00 to $75.00 and gave the stock a “market outperform” rating in a report on Tuesday, December 3rd. BTIG Research upped their price objective on shares of Atlanticus from $45.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, B. Riley upgraded shares of Atlanticus to a “strong-buy” rating in a research note on Tuesday, January 7th.

Insider Buying and Selling

In related news, CAO Mitchell Saunders sold 16,004 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $55.55, for a total transaction of $889,022.20. Following the completion of the transaction, the chief accounting officer now owns 50,973 shares of the company’s stock, valued at approximately $2,831,550.15. The trade was a 23.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Denise M. Harrod sold 1,141 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $49.00, for a total transaction of $55,909.00. Following the completion of the sale, the director now owns 5,659 shares in the company, valued at $277,291. This represents a 16.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,504 shares of company stock valued at $962,522. Corporate insiders own 51.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Jane Street Group LLC purchased a new position in Atlanticus during the third quarter worth about $313,000. Wellington Management Group LLP bought a new stake in shares of Atlanticus during the 3rd quarter valued at about $1,654,000. Geode Capital Management LLC grew its holdings in shares of Atlanticus by 2.0% during the third quarter. Geode Capital Management LLC now owns 122,501 shares of the credit services provider’s stock worth $4,298,000 after purchasing an additional 2,348 shares in the last quarter. State Street Corp increased its position in shares of Atlanticus by 2.4% in the third quarter. State Street Corp now owns 93,431 shares of the credit services provider’s stock worth $3,278,000 after purchasing an additional 2,212 shares during the last quarter. Finally, Barclays PLC raised its stake in Atlanticus by 285.6% in the third quarter. Barclays PLC now owns 8,218 shares of the credit services provider’s stock valued at $289,000 after purchasing an additional 6,087 shares in the last quarter. Institutional investors own 14.15% of the company’s stock.

Atlanticus Price Performance

Shares of NASDAQ:ATLC opened at $59.61 on Friday. Atlanticus has a fifty-two week low of $23.09 and a fifty-two week high of $64.70. The company’s 50-day moving average is $55.77 and its 200 day moving average is $41.62. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market capitalization of $878.65 million, a P/E ratio of 13.40 and a beta of 2.05.

Atlanticus (NASDAQ:ATLC) last released its earnings results on Thursday, November 7th. The credit services provider reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.04. The firm had revenue of $351.22 million during the quarter, compared to the consensus estimate of $326.64 million. Atlanticus had a net margin of 8.39% and a return on equity of 25.14%. On average, equities research analysts forecast that Atlanticus will post 4.49 earnings per share 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.