Atlanticus (NASDAQ:ATLC) Earns “Market Perform” Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their market perform rating on shares of Atlanticus (NASDAQ:ATLC) in a report published on Monday,Benzinga reports. The firm currently has a $52.00 price target on the credit services provider’s stock, up from their previous price target of $45.00.

A number of other equities analysts also recently issued reports on ATLC. JMP Securities raised their price target on Atlanticus from $54.00 to $75.00 and gave the stock a “market outperform” rating in a research note on Tuesday, December 3rd. B. Riley upgraded Atlanticus to a “strong-buy” rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $61.00.

Atlanticus Stock Performance

Shares of ATLC opened at $47.58 on Monday. The business’s fifty day simple moving average is $55.40 and its two-hundred day simple moving average is $48.47. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.59. Atlanticus has a 12 month low of $23.10 and a 12 month high of $64.70. The company has a market cap of $701.28 million, a price-to-earnings ratio of 10.69 and a beta of 2.16.

Atlanticus (NASDAQ:ATLC) last released its quarterly earnings results on Thursday, March 13th. The credit services provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.19. The firm had revenue of $353.19 million for the quarter, compared to the consensus estimate of $355.02 million. Atlanticus had a return on equity of 25.14% and a net margin of 8.39%. Research analysts anticipate that Atlanticus will post 4.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Atlanticus

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC raised its holdings in Atlanticus by 19.9% during the fourth quarter. Renaissance Technologies LLC now owns 125,558 shares of the credit services provider’s stock valued at $7,004,000 after acquiring an additional 20,800 shares during the period. Geode Capital Management LLC raised its holdings in Atlanticus by 2.0% during 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 acquiring an additional 2,348 shares during the period. Wellington Management Group LLP raised its holdings in Atlanticus by 159.2% during the fourth quarter. Wellington Management Group LLP now owns 122,225 shares of the credit services provider’s stock valued at $6,818,000 after acquiring an additional 75,068 shares during the period. State Street Corp raised its holdings in Atlanticus by 2.4% during the third quarter. State Street Corp now owns 93,431 shares of the credit services provider’s stock valued at $3,278,000 after acquiring an additional 2,212 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Atlanticus during the fourth quarter valued at about $3,828,000. 14.15% of the stock is owned by institutional investors.

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.