5,958 Shares in Atlanticus Holdings Co. (NASDAQ:ATLC) Purchased by Bailard Inc.

Bailard Inc. bought a new stake in Atlanticus Holdings Co. (NASDAQ:ATLC) during the fourth quarter, HoldingsChannel.com reports. The fund bought 5,958 shares of the credit services provider’s stock, valued at approximately $332,000.

Several other hedge funds also recently modified their holdings of ATLC. FMR LLC lifted its stake in shares of Atlanticus by 393.1% during the third quarter. FMR LLC now owns 2,283 shares of the credit services provider’s stock valued at $80,000 after buying an additional 1,820 shares during the period. SG Americas Securities LLC acquired a new position in Atlanticus in the 4th quarter valued at $129,000. MetLife Investment Management LLC lifted its stake in shares of Atlanticus by 158.8% during the 3rd quarter. MetLife Investment Management LLC now owns 2,971 shares of the credit services provider’s stock worth $104,000 after purchasing an additional 1,823 shares during the period. Exchange Traded Concepts LLC acquired a new stake in shares of Atlanticus during the fourth quarter worth $280,000. Finally, Denali Advisors LLC purchased a new stake in shares of Atlanticus in the fourth quarter valued at $399,000. 14.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. B. Riley upgraded Atlanticus to a “strong-buy” rating in a research report on Tuesday, January 7th. JMP Securities increased their price objective on shares of Atlanticus from $54.00 to $75.00 and gave the stock a “market outperform” rating in a report on Tuesday, December 3rd. BTIG Research raised their target price on shares of Atlanticus from $45.00 to $54.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, Stephens started coverage on shares of Atlanticus in a research report on Wednesday, November 13th. They set an “overweight” rating and a $54.00 price target for the company. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Atlanticus currently has a consensus rating of “Buy” and an average target price of $57.20.

Atlanticus Stock Down 1.5 %

Shares of NASDAQ:ATLC opened at $48.55 on Wednesday. The stock has a 50-day simple moving average of $57.26 and a 200-day simple moving average of $47.71. The stock has a market capitalization of $715.58 million, a P/E ratio of 10.91 and a beta of 2.10. Atlanticus Holdings Co. has a 1 year low of $23.09 and a 1 year high of $64.70. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.44 and a current ratio of 1.44.

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.