Atlanticus (NASDAQ:ATLC) Price Target Raised to $45.00 at JMP Securities

Atlanticus (NASDAQ:ATLC) had its price target lifted by JMP Securities from $39.00 to $45.00 in a research report report published on Monday, Benzinga reports. The brokerage currently has a market outperform rating on the credit services provider’s stock.

Separately, StockNews.com raised Atlanticus from a buy rating to a strong-buy rating in a research report on Friday, August 9th.

Atlanticus Price Performance

Shares of ATLC stock opened at $35.64 on Monday. Atlanticus has a fifty-two week low of $23.09 and a fifty-two week high of $39.53. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a market capitalization of $527.19 million, a price-to-earnings ratio of 8.41 and a beta of 1.92. The stock’s 50-day simple moving average is $33.41 and its 200-day simple moving average is $30.23.

Atlanticus (NASDAQ:ATLC) last released its earnings results on Thursday, August 8th. The credit services provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.12. Atlanticus had a net margin of 8.42% and a return on equity of 25.32%. The company had revenue of $315.64 million for the quarter, compared to the consensus estimate of $309.74 million. As a group, equities analysts forecast that Atlanticus will post 4.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Atlanticus

In related news, Director Deal W. Hudson sold 1,200 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $32.75, for a total transaction of $39,300.00. Following the completion of the transaction, the director now owns 67,455 shares of the company’s stock, valued at $2,209,151.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Deal W. Hudson sold 2,500 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $31.35, for a total transaction of $78,375.00. Following the sale, the director now owns 64,955 shares in the company, valued at approximately $2,036,339.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Deal W. Hudson sold 1,200 shares of Atlanticus stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $32.75, for a total transaction of $39,300.00. Following the completion of the transaction, the director now directly owns 67,455 shares of the company’s stock, valued at $2,209,151.25. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 51.80% of the company’s stock.

Institutional Investors Weigh In On Atlanticus

A number of institutional investors have recently modified their holdings of ATLC. Squarepoint Ops LLC raised its holdings in Atlanticus by 9.3% in the 2nd quarter. Squarepoint Ops LLC now owns 8,310 shares of the credit services provider’s stock worth $234,000 after purchasing an additional 704 shares during the period. Rhumbline Advisers raised its stake in shares of Atlanticus by 9.3% during the 2nd quarter. Rhumbline Advisers now owns 8,127 shares of the credit services provider’s stock worth $229,000 after buying an additional 690 shares during the period. Vanguard Group Inc. lifted its position in shares of 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 buying an additional 2,453 shares in the last quarter. Empowered Funds LLC grew its stake in Atlanticus by 7.5% in the 1st quarter. Empowered Funds LLC now owns 15,094 shares of the credit services provider’s stock valued at $447,000 after acquiring an additional 1,050 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in Atlanticus by 65.5% in the 1st quarter. BNP Paribas Financial Markets now owns 2,324 shares of the credit services provider’s stock worth $69,000 after acquiring an additional 920 shares in the last quarter. 14.15% of the stock is currently owned by institutional investors and hedge funds.

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.