Atlanticus Holdings Co. (NASDAQ:ATLC) Director Sells $499,993.45 in Stock

Atlanticus Holdings Co. (NASDAQ:ATLCGet Rating) Director Deal W. Hudson sold 16,313 shares of the stock in a transaction dated Friday, January 20th. The shares were sold at an average price of $30.65, for a total value of $499,993.45. Following the completion of the sale, the director now owns 75,452 shares of the company’s stock, valued at approximately $2,312,603.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Atlanticus Stock Performance

NASDAQ:ATLC traded down $0.01 during trading hours on Monday, reaching $30.64. 7,163 shares of the stock were exchanged, compared to its average volume of 17,347. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.47. The firm has a 50 day simple moving average of $27.37 and a 200-day simple moving average of $30.12. Atlanticus Holdings Co. has a 52 week low of $23.15 and a 52 week high of $72.38. The stock has a market capitalization of $442.59 million, a P/E ratio of 4.40 and a beta of 1.64.

Atlanticus (NASDAQ:ATLCGet Rating) last released its earnings results on Tuesday, November 8th. The credit services provider reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.01. Atlanticus had a return on equity of 55.90% and a net margin of 16.24%. The company had revenue of $277.87 million for the quarter, compared to the consensus estimate of $292.80 million. As a group, sell-side analysts forecast that Atlanticus Holdings Co. will post 6.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ATLC. Brandywine Global Investment Management LLC acquired a new stake in shares of Atlanticus during the 2nd quarter worth approximately $670,000. Los Angeles Capital Management LLC raised its position in shares of Atlanticus by 48.8% during the 2nd quarter. Los Angeles Capital Management LLC now owns 46,380 shares of the credit services provider’s stock worth $1,631,000 after purchasing an additional 15,208 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Atlanticus during the 1st quarter worth approximately $715,000. Invesco Ltd. raised its position in shares of Atlanticus by 105.0% during the 1st quarter. Invesco Ltd. now owns 18,845 shares of the credit services provider’s stock worth $976,000 after purchasing an additional 9,652 shares during the period. Finally, Sawtooth Solutions LLC acquired a new stake in shares of Atlanticus during the 3rd quarter worth approximately $227,000.

Analysts Set New Price Targets

A number of brokerages recently commented on ATLC. StockNews.com began coverage on Atlanticus in a report on Wednesday, October 12th. They issued a “buy” rating for the company. B. Riley reissued a “buy” rating and issued a $50.00 price target on shares of Atlanticus in a report on Friday, October 7th. Finally, JMP Securities reduced their price target on Atlanticus from $50.00 to $42.00 and set a “market outperform” rating for the company in a report on Friday, January 13th.

About Atlanticus

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Atlanticus Holdings Corporation 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, educational services, and home-improvements by partnering with retailers and service providers.

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