Atlanticus Holdings Co. (NASDAQ:ATLC) Stake Boosted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its position in shares of Atlanticus Holdings Co. (NASDAQ:ATLC) by 0.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 608,089 shares of the credit services provider’s stock after buying an additional 1,084 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Atlanticus were worth $17,134,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. 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 purchasing an additional 690 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Atlanticus by 65.5% in the first quarter. BNP Paribas Financial Markets now owns 2,324 shares of the credit services provider’s stock worth $69,000 after buying an additional 920 shares during the last quarter. Empowered Funds LLC raised its position in Atlanticus by 7.5% during the first 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 in the last quarter. Denali Advisors LLC lifted its stake in Atlanticus by 5.2% in the first 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 last quarter. Finally, Vanguard Group Inc. grew its position in Atlanticus by 1.0% in the first quarter. Vanguard Group Inc. now owns 258,689 shares of the credit services provider’s stock worth $7,655,000 after acquiring an additional 2,453 shares in the last quarter. Institutional investors and hedge funds own 14.15% of the company’s stock.

Insider Transactions at Atlanticus

In related news, Director Deal W. Hudson sold 2,500 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $31.35, for a total transaction 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Deal W. Hudson sold 1,200 shares of the business’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 transaction, the director now owns 67,455 shares of the company’s stock, valued at approximately $2,209,151.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Deal W. Hudson sold 2,500 shares of the 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 completion of the sale, the director now directly owns 64,955 shares of the company’s stock, valued at approximately $2,036,339.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 51.80% of the stock is currently owned by corporate insiders.

Atlanticus Trading Up 2.1 %

Shares of ATLC stock opened at $34.92 on Friday. The business’s 50 day moving average is $33.22 and its two-hundred day moving average is $29.99. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.46. Atlanticus Holdings Co. has a 12 month low of $23.09 and a 12 month high of $39.53. The company has a market cap of $516.54 million, a PE ratio of 8.24 and a beta of 1.92.

Atlanticus (NASDAQ:ATLC) last announced its earnings results on Thursday, August 8th. The credit services provider reported $0.99 EPS 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 firm had revenue of $315.64 million for the quarter, compared to the consensus estimate of $309.74 million. Equities analysts predict that Atlanticus Holdings Co. will post 4.54 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ATLC. StockNews.com upgraded shares of Atlanticus from a “buy” rating to a “strong-buy” rating in a report on Friday, August 9th. BTIG Research began coverage on Atlanticus in a report on Friday, June 7th. They set a “buy” rating and a $45.00 target price on the 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.