5,021 Shares in Atlanticus Holdings Co. (NASDAQ:ATLC) Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC purchased a new position in Atlanticus Holdings Co. (NASDAQ:ATLC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,021 shares of the credit services provider’s stock, valued at approximately $280,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP acquired a new stake in shares of Atlanticus during the third quarter worth about $1,654,000. Jane Street Group LLC purchased a new position in Atlanticus during the 3rd quarter worth approximately $313,000. Barclays PLC increased its position in Atlanticus by 285.6% during the third quarter. Barclays PLC now owns 8,218 shares of the credit services provider’s stock worth $289,000 after buying an additional 6,087 shares during the period. Geode Capital Management LLC lifted its stake in Atlanticus by 2.0% in the third quarter. Geode Capital Management LLC now owns 122,501 shares of the credit services provider’s stock valued at $4,298,000 after buying an additional 2,348 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Atlanticus in the fourth quarter valued at approximately $129,000. Hedge funds and other institutional investors own 14.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ATLC. B. Riley raised shares of Atlanticus to a “strong-buy” rating in a report on Tuesday, January 7th. Stephens initiated coverage on shares of Atlanticus in a research report on Wednesday, November 13th. They set an “overweight” rating and a $54.00 price objective on the stock. BTIG Research upped their target price 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, JMP Securities raised their price target on Atlanticus from $54.00 to $75.00 and gave the stock a “market outperform” rating in a report on Tuesday, December 3rd. One investment 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 stock. Based on data from MarketBeat, Atlanticus presently has a consensus rating of “Buy” and a consensus target price of $57.20.

Insider Transactions at Atlanticus

In related news, Director Denise M. Harrod sold 1,141 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $49.00, for a total value 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 trade represents a 16.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Mitchell Saunders sold 16,004 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $55.55, for a total transaction of $889,022.20. Following the transaction, the chief accounting officer now owns 50,973 shares in the company, valued at $2,831,550.15. The trade was a 23.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 17,504 shares of company stock valued at $962,522. Corporate insiders own 51.80% of the company’s stock.

Atlanticus Stock Performance

Shares of ATLC opened at $59.47 on Friday. The stock has a market capitalization of $876.59 million, a P/E ratio of 13.36 and a beta of 2.05. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.44 and a current ratio of 1.44. Atlanticus Holdings Co. has a 1 year low of $23.09 and a 1 year high of $64.70. The company’s fifty day moving average is $58.28 and its two-hundred day moving average is $43.85.

Atlanticus (NASDAQ:ATLC) last issued its quarterly earnings results on Thursday, November 7th. The credit services provider reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.04. Atlanticus had a net margin of 8.39% and a return on equity of 25.14%. The business had revenue of $351.22 million for the quarter, compared to analyst estimates of $326.64 million. On average, sell-side analysts predict that Atlanticus Holdings Co. will post 4.49 earnings per share for the current year.

Atlanticus 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.