Atlanticus Holdings Co. (NASDAQ:ATLC - Get Free Report) Director Denise M. Harrod sold 359 shares of the company's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $49.00, for a total transaction of $17,591.00. Following the completion of the transaction, the director now directly owns 5,300 shares in the company, valued at $259,700. The trade was a 6.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Atlanticus Price Performance
ATLC stock opened at $49.59 on Tuesday. The stock's 50 day moving average price is $37.07 and its 200 day moving average price is $32.56. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.43 and a current ratio of 1.44. The firm has a market cap of $730.91 million, a P/E ratio of 11.14 and a beta of 1.92. Atlanticus Holdings Co. has a 1 year low of $23.09 and a 1 year high of $51.48.
Atlanticus (NASDAQ:ATLC - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The credit services provider reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $1.23 by $0.04. Atlanticus had a return on equity of 25.14% and a net margin of 8.39%. The business had revenue of $351.22 million during the quarter, compared to the consensus estimate of $326.64 million. On average, sell-side analysts expect that Atlanticus Holdings Co. will post 4.41 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Atlanticus
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A number of hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP bought a new position in Atlanticus during the third quarter worth $1,654,000. Jane Street Group LLC acquired a new stake in shares of Atlanticus in the third quarter valued at approximately $313,000. Barclays PLC raised its stake in Atlanticus by 285.6% during the 3rd quarter. Barclays PLC now owns 8,218 shares of the credit services provider's stock valued at $289,000 after acquiring an additional 6,087 shares in the last quarter. Vanguard Group Inc. lifted its holdings 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 purchasing an additional 2,453 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Atlanticus by 2.0% in 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 in the last quarter. Institutional investors and hedge funds own 14.15% of the company's stock.
Analysts Set New Price Targets
ATLC has been the topic of a number of recent research reports. JMP Securities boosted their price target on shares of Atlanticus from $45.00 to $54.00 and gave the stock a "market outperform" rating in a research note on Wednesday, November 13th. Stephens started coverage on Atlanticus in a report on Wednesday, November 13th. They issued an "overweight" rating and a $54.00 target price on the stock. StockNews.com raised Atlanticus from a "buy" rating to a "strong-buy" rating in a report on Friday, August 9th. Finally, BTIG Research increased their target price on shares of Atlanticus from $45.00 to $54.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $48.75.
View Our Latest Report on Atlanticus
About Atlanticus
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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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