Atlanticus Holdings Co. (NASDAQ:ATLC) Receives $57.20 Consensus PT from Brokerages

Shares of Atlanticus Holdings Co. (NASDAQ:ATLC) have been given an average recommendation of “Buy” by the five brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $57.20.

A number of analysts recently issued reports on the company. B. Riley raised Atlanticus to a “strong-buy” rating in a research report on Tuesday, January 7th. BTIG Research lifted their price objective on Atlanticus from $45.00 to $54.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Stephens assumed coverage on Atlanticus in a research report on Wednesday, November 13th. They set an “overweight” rating and a $54.00 price objective for the company. Finally, JMP Securities lifted their price objective on Atlanticus from $54.00 to $75.00 and gave the company a “market outperform” rating in a research report on Tuesday, December 3rd.

Atlanticus Stock Performance

Shares of Atlanticus stock opened at $46.06 on Friday. The stock has a market cap of $678.88 million, a PE ratio of 10.35 and a beta of 2.16. The business has a fifty day simple moving average of $56.82 and a 200-day simple moving average of $47.71. 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 $23.09 and a 12 month high of $64.70.

Institutional Trading of Atlanticus

A number of institutional investors and hedge funds have recently made changes to their positions in ATLC. Tower Research Capital LLC TRC lifted its position in shares of Atlanticus by 229.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 728 shares of the credit services provider’s stock worth $41,000 after buying an additional 507 shares during the last quarter. FMR LLC lifted its position in shares of Atlanticus by 393.1% in the third quarter. FMR LLC now owns 2,283 shares of the credit services provider’s stock worth $80,000 after buying an additional 1,820 shares during the last quarter. MetLife Investment Management LLC lifted its position in shares of Atlanticus by 158.8% in the third quarter. MetLife Investment Management LLC now owns 2,971 shares of the credit services provider’s stock worth $104,000 after buying an additional 1,823 shares during the last quarter. Globeflex Capital L P acquired a new stake in shares of Atlanticus in the fourth quarter worth about $119,000. Finally, SG Americas Securities LLC bought a new position in shares of Atlanticus in the fourth quarter worth about $129,000. Institutional investors and hedge funds own 14.15% of the company’s stock.

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.