Key Points
- Director Deal Hudson sold 1,675 shares on January 13 at an average price of $59.72 for $100,031, reducing his ownership by 2.70% to 60,467 shares (about $3.61M).
- Atlanticus last reported quarterly results on Nov. 10 with EPS $1.48 beating estimates of $1.34 while revenue of $495.3M slightly missed expectations; the stock trades around $60 with a market cap of roughly $917M and a P/E of 10.76.
- Analysts have a consensus rating of “Moderate Buy” with a consensus price target of $90, and multiple firms have issued Buy/Outperform ratings and raised targets up to $105.
Atlanticus Holdings Corporation (NASDAQ:ATLC - Get Free Report) Director Deal Hudson sold 1,675 shares of the company's stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $59.72, for a total transaction of $100,031.00. Following the sale, the director directly owned 60,467 shares of the company's stock, valued at approximately $3,611,089.24. This represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Atlanticus Price Performance
Shares of Atlanticus stock opened at $60.56 on Thursday. The stock's fifty day moving average is $61.44 and its 200 day moving average is $60.04. Atlanticus Holdings Corporation has a one year low of $41.37 and a one year high of $78.91. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market cap of $916.88 million, a P/E ratio of 10.76 and a beta of 1.94.
Atlanticus (NASDAQ:ATLC - Get Free Report) last posted its quarterly earnings data on Monday, November 10th. The credit services provider reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.34 by $0.14. The firm had revenue of $495.29 million for the quarter, compared to analysts' expectations of $503.64 million. Atlanticus had a return on equity of 22.86% and a net margin of 7.46%. Sell-side analysts anticipate that Atlanticus Holdings Corporation will post 4.49 earnings per share for the current year.
Analyst Ratings Changes
A number of research analysts recently weighed in on ATLC shares. Citizens Jmp lifted their target price on shares of Atlanticus from $95.00 to $100.00 and gave the company a "market outperform" rating in a research note on Thursday, December 11th. JMP Securities boosted their price target on Atlanticus from $78.00 to $95.00 and gave the stock a "market outperform" rating in a report on Thursday, September 18th. Citigroup reiterated an "outperform" rating on shares of Atlanticus in a research report on Thursday, December 11th. BTIG Research restated a "buy" rating and set a $105.00 target price on shares of Atlanticus in a research report on Monday, October 27th. Finally, B. Riley assumed coverage on shares of Atlanticus in a report on Wednesday, January 7th. They issued a "buy" rating and a $90.00 price target on the stock. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Atlanticus has a consensus rating of "Moderate Buy" and a consensus price target of $90.00.
Get Our Latest Research Report on ATLC
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. New York State Teachers Retirement System raised its stake in Atlanticus by 151.5% during the second quarter. New York State Teachers Retirement System now owns 503 shares of the credit services provider's stock valued at $28,000 after purchasing an additional 303 shares in the last quarter. Jump Financial LLC increased its holdings in shares of Atlanticus by 6.1% in the 2nd quarter. Jump Financial LLC now owns 9,344 shares of the credit services provider's stock worth $512,000 after buying an additional 537 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Atlanticus during the 3rd quarter valued at about $38,000. Advisory Services Network LLC bought a new position in shares of Atlanticus in the 3rd quarter valued at about $47,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Atlanticus by 1.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 82,629 shares of the credit services provider's stock valued at $4,524,000 after acquiring an additional 982 shares during the last quarter. 14.15% of the stock is owned by hedge funds and other institutional investors.
Atlanticus Company Profile
(
Get Free Report)
Atlanticus Holdings Corporation is a specialty financial services holding company that provides credit products and solutions to consumers across the United States. Through its subsidiaries, the company offers proprietary credit card programs, installment loan products and deposit accounts designed to serve customers who may have limited access to traditional credit. Atlanticus markets its offerings through a variety of channels, including direct‐to‐consumer online platforms, mail order, call centers and partnerships with retail and e-commerce businesses.
The company underwrites and services credit card portfolios under private-label and co-branded agreements, combining technology‐enabled underwriting with tailored customer service.
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