Rhumbline Advisers Raises Holdings in Atlanticus Holdings Co. (NASDAQ:ATLC)

Rhumbline Advisers lifted its position in shares of Atlanticus Holdings Co. (NASDAQ:ATLC) by 9.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,127 shares of the credit services provider’s stock after purchasing an additional 690 shares during the period. Rhumbline Advisers owned about 0.05% of Atlanticus worth $229,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ATLC. BNP Paribas Financial Markets grew its position in Atlanticus by 65.5% during the 1st quarter. BNP Paribas Financial Markets now owns 2,324 shares of the credit services provider’s stock worth $69,000 after purchasing an additional 920 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Atlanticus by 7.5% during the first quarter. Empowered Funds LLC now owns 15,094 shares of the credit services provider’s stock worth $447,000 after buying an additional 1,050 shares during the last quarter. Denali Advisors LLC increased its position in Atlanticus by 5.2% in the 1st quarter. Denali Advisors LLC now owns 26,040 shares of the credit services provider’s stock valued at $771,000 after acquiring an additional 1,285 shares during the period. Vanguard Group Inc. raised its stake in Atlanticus by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 258,689 shares of the credit services provider’s stock valued at $7,655,000 after acquiring an additional 2,453 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Atlanticus by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 602,272 shares of the credit services provider’s stock worth $23,290,000 after acquiring an additional 7,234 shares during the period. 14.15% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Atlanticus

In related news, Director Deal W. Hudson sold 2,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $31.35, for a total value of $78,375.00. Following the completion of the sale, the director now owns 64,955 shares in the company, valued at $2,036,339.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Deal W. Hudson sold 1,200 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $32.75, for a total value of $39,300.00. Following the sale, the director now owns 67,455 shares in the company, valued at approximately $2,209,151.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Deal W. Hudson sold 2,500 shares of Atlanticus stock in a transaction on Monday, September 16th. The stock was sold at an average price of $31.35, for a total value of $78,375.00. Following the transaction, the director now directly owns 64,955 shares of the company’s stock, valued at $2,036,339.25. The disclosure for this sale can be found here. Corporate insiders own 51.80% of the company’s stock.

Analysts Set New Price Targets

ATLC has been the subject of several analyst reports. StockNews.com upgraded Atlanticus from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 9th. BTIG Research began coverage on shares of Atlanticus in a research report on Friday, June 7th. They set a “buy” rating and a $45.00 price objective for the company.

Atlanticus Stock Performance

NASDAQ ATLC opened at $34.82 on Friday. The stock has a market capitalization of $515.06 million, a price-to-earnings ratio of 8.21 and a beta of 1.93. The business’s 50 day moving average is $33.26 and its two-hundred day moving average is $29.86. Atlanticus Holdings Co. has a 12-month low of $23.09 and a 12-month high of $39.53. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.46.

Atlanticus (NASDAQ:ATLC) last announced its quarterly earnings data on Thursday, August 8th. The credit services provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.12. Atlanticus had a return on equity of 25.32% and a net margin of 8.42%. The firm had revenue of $315.64 million for the quarter, compared to analyst estimates of $309.74 million. Research analysts expect that Atlanticus Holdings Co. will post 4.54 EPS for the current year.

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.