Atlanticus Holdings Co. (NASDAQ:ATLC - Get Free Report) major shareholder Frank J. Hanna III purchased 263,432 shares of the firm's stock in a transaction on Tuesday, April 9th. The shares were purchased at an average price of $28.21 per share, with a total value of $7,431,416.72. Following the completion of the acquisition, the insider now directly owns 263,432 shares of the company's stock, valued at $7,431,416.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Atlanticus Stock Down 0.8 %
NASDAQ ATLC opened at $27.45 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a 50-day simple moving average of $31.14 and a 200 day simple moving average of $32.05. Atlanticus Holdings Co. has a twelve month low of $26.26 and a twelve month high of $43.70. The stock has a market cap of $401.04 million, a PE ratio of 6.49 and a beta of 1.84.
Atlanticus (NASDAQ:ATLC - Get Free Report) last released its earnings results on Monday, March 4th. The credit services provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.14. Atlanticus had a net margin of 8.90% and a return on equity of 27.93%. The business had revenue of $309.09 million during the quarter, compared to analysts' expectations of $304.68 million. On average, research analysts forecast that Atlanticus Holdings Co. will post 4.85 EPS for the current year.
Wall Street Analysts Forecast Growth
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A number of research firms have issued reports on ATLC. StockNews.com cut shares of Atlanticus from a "strong-buy" rating to a "buy" rating in a report on Wednesday. JMP Securities restated a "market outperform" rating and set a $37.00 price target on shares of Atlanticus in a report on Tuesday, March 5th.
View Our Latest Stock Analysis on ATLC
Institutional Investors Weigh In On Atlanticus
Hedge funds have recently made changes to their positions in the stock. Captrust Financial Advisors bought a new stake in shares of Atlanticus in the first quarter valued at about $29,000. Quantbot Technologies LP bought a new position in Atlanticus during the first quarter worth about $32,000. DekaBank Deutsche Girozentrale bought a new position in Atlanticus during the third quarter worth about $30,000. Barclays PLC lifted its stake in Atlanticus by 184.4% during the fourth quarter. Barclays PLC now owns 1,132 shares of the credit services provider's stock worth $29,000 after purchasing an additional 734 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in Atlanticus by 499.5% during the third quarter. Tower Research Capital LLC TRC now owns 1,157 shares of the credit services provider's stock worth $30,000 after purchasing an additional 964 shares during the period. Institutional investors own 14.15% of the company's stock.
Atlanticus Company Profile
(
Get Free Report)
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.
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