Denise M. Harrod Sells 1,141 Shares of Atlanticus Holdings Co. (NASDAQ:ATLC) Stock

Atlanticus Holdings Co. (NASDAQ:ATLC) Director Denise M. Harrod sold 1,141 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $49.00, for a total transaction of $55,909.00. Following the sale, the director now directly owns 5,659 shares of the company’s stock, valued at approximately $277,291. This trade represents a 16.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Atlanticus Stock Up 2.2 %

Shares of NASDAQ:ATLC opened at $50.70 on Wednesday. Atlanticus Holdings Co. has a 52-week low of $23.09 and a 52-week high of $51.48. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a 50 day moving average price of $37.47 and a 200-day moving average price of $32.73. The firm has a market capitalization of $747.32 million, a P/E ratio of 11.39 and a beta of 1.92.

Atlanticus (NASDAQ:ATLC) last posted its earnings results on Thursday, November 7th. The credit services provider reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.04. The company had revenue of $351.22 million for the quarter, compared to the consensus estimate of $326.64 million. Atlanticus had a return on equity of 25.14% and a net margin of 8.39%. As a group, equities research analysts anticipate that Atlanticus Holdings Co. will post 4.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Atlanticus

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Atlanticus by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 258,689 shares of the credit services provider’s stock valued at $7,655,000 after purchasing an additional 2,453 shares in the last quarter. Rhumbline Advisers lifted its stake in Atlanticus by 9.3% during the 2nd quarter. Rhumbline Advisers now owns 8,127 shares of the credit services provider’s stock valued at $229,000 after acquiring an additional 690 shares during the period. Squarepoint Ops LLC boosted its stake in shares of Atlanticus by 9.3% in the second quarter. Squarepoint Ops LLC now owns 8,310 shares of the credit services provider’s stock worth $234,000 after buying an additional 704 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Atlanticus by 65.5% during 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 in the last quarter. Finally, Barclays PLC increased its position in shares of Atlanticus by 285.6% in the third quarter. Barclays PLC now owns 8,218 shares of the credit services provider’s stock valued at $289,000 after buying an additional 6,087 shares in the last quarter. Institutional investors own 14.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ATLC shares. JMP Securities boosted their target price on shares of Atlanticus from $45.00 to $54.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 13th. StockNews.com upgraded shares of Atlanticus from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 9th. Stephens started coverage on shares of Atlanticus in a research report on Wednesday, November 13th. They set an “overweight” rating and a $54.00 target price on the stock. Finally, BTIG Research upped their price target 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 assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Atlanticus presently has a consensus rating of “Buy” and an average price target of $48.75.

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.