Atlanticus Holdings Co. (NASDAQ:ATLC) Shares Bought by Squarepoint Ops LLC

Squarepoint Ops LLC lifted its holdings in shares of Atlanticus Holdings Co. (NASDAQ:ATLC) by 9.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,310 shares of the credit services provider’s stock after acquiring an additional 704 shares during the quarter. Squarepoint Ops LLC’s holdings in Atlanticus were worth $234,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its stake in shares of Atlanticus by 9.3% during the second 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 raised its holdings in shares of Atlanticus by 65.5% during the 1st quarter. BNP Paribas Financial Markets now owns 2,324 shares of the credit services provider’s stock valued at $69,000 after buying an additional 920 shares during the period. Empowered Funds LLC lifted its position in Atlanticus by 7.5% during the 1st quarter. Empowered Funds LLC now owns 15,094 shares of the credit services provider’s stock worth $447,000 after acquiring an additional 1,050 shares in the last quarter. Denali Advisors LLC boosted its holdings in Atlanticus by 5.2% in the 1st quarter. Denali Advisors LLC now owns 26,040 shares of the credit services provider’s stock worth $771,000 after acquiring an additional 1,285 shares during the period. 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 valued at $7,655,000 after acquiring an additional 2,453 shares in the last quarter. 14.15% of the stock is owned by hedge funds and other institutional investors.

Atlanticus Stock Up 3.1 %

Shares of NASDAQ ATLC opened at $35.58 on Friday. The firm has a market cap of $524.45 million, a price-to-earnings ratio of 8.45 and a beta of 1.92. Atlanticus Holdings Co. has a 1 year low of $23.09 and a 1 year 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 stock’s 50-day simple moving average is $33.28 and its 200-day simple moving average is $30.19.

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

Insider Activity at Atlanticus

In other Atlanticus 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 completion of the transaction, the director now directly owns 64,955 shares of the company’s stock, valued at $2,036,339.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Deal W. Hudson sold 2,500 shares of the company’s 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 sale, the director now directly owns 64,955 shares of the company’s stock, valued at approximately $2,036,339.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 sale, 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 position. The disclosure for this sale can be found here. 51.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.