Atlanticus Holdings Co. (NASDAQ:ATLC – Free Report) – Equities researchers at B. Riley decreased their FY2023 EPS estimates for Atlanticus in a research report issued to clients and investors on Monday, November 20th. B. Riley analyst M. Howlett now expects that the credit services provider will earn $4.25 per share for the year, down from their previous estimate of $4.66. The consensus estimate for Atlanticus’ current full-year earnings is $4.28 per share. B. Riley also issued estimates for Atlanticus’ Q3 2024 earnings at $1.37 EPS, Q4 2024 earnings at $1.38 EPS, FY2024 earnings at $5.48 EPS, Q2 2025 earnings at $1.64 EPS and Q3 2025 earnings at $1.76 EPS.
Other research analysts also recently issued research reports about the company. StockNews.com raised Atlanticus from a “hold” rating to a “buy” rating in a research note on Friday, October 13th. Janney Montgomery Scott initiated coverage on shares of Atlanticus in a research note on Wednesday, September 13th. They issued a “neutral” rating and a $40.00 price target for the company. Finally, JMP Securities dropped their price target on shares of Atlanticus from $42.00 to $37.00 and set a “market outperform” rating on the stock in a research report on Monday, November 13th.
Atlanticus Stock Performance
Shares of NASDAQ ATLC opened at $31.19 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a market cap of $455.00 million, a price-to-earnings ratio of 7.59 and a beta of 1.84. The stock’s fifty day moving average price is $29.99 and its two-hundred day moving average price is $34.42. Atlanticus has a one year low of $21.65 and a one year high of $43.70.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of ATLC. AQR Capital Management LLC boosted its holdings in shares of Atlanticus by 3.7% during the 2nd quarter. AQR Capital Management LLC now owns 7,486 shares of the credit services provider’s stock valued at $263,000 after acquiring an additional 267 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Atlanticus by 6.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,115 shares of the credit services provider’s stock worth $257,000 after acquiring an additional 365 shares during the last quarter. Barclays PLC grew its position in shares of Atlanticus by 23.8% during the 3rd quarter. Barclays PLC now owns 2,263 shares of the credit services provider’s stock valued at $68,000 after acquiring an additional 435 shares during the period. Bank of America Corp DE increased its stake in shares of Atlanticus by 13.5% in the 1st quarter. Bank of America Corp DE now owns 3,677 shares of the credit services provider’s stock worth $100,000 after purchasing an additional 437 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Atlanticus by 3.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,224 shares of the credit services provider’s stock worth $685,000 after purchasing an additional 462 shares during the period. Institutional investors own 13.81% of the company’s stock.
Atlanticus Company Profile
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, and home-improvements by partnering with retailers and service providers.
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