Los Angeles Capital Management LLC Has $1.41 Million Stock Holdings in Atlanticus Holdings Co. (NASDAQ:ATLC)

Los Angeles Capital Management LLC lowered its stake in Atlanticus Holdings Co. (NASDAQ:ATLC) by 5.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 36,372 shares of the credit services provider’s stock after selling 2,102 shares during the period. Los Angeles Capital Management LLC’s holdings in Atlanticus were worth $1,407,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Barclays PLC boosted its holdings 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 in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Atlanticus during the third quarter worth about $30,000. Bank of New York Mellon Corp increased its stake in shares of Atlanticus by 2.7% in the third quarter. Bank of New York Mellon Corp now owns 50,325 shares of the credit services provider’s stock valued at $1,525,000 after buying an additional 1,304 shares during the period. Swiss National Bank raised its holdings in Atlanticus by 16.5% in the 3rd quarter. Swiss National Bank now owns 12,700 shares of the credit services provider’s stock valued at $385,000 after buying an additional 1,800 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its position in Atlanticus by 62.4% during the 3rd quarter. New York State Common Retirement Fund now owns 6,254 shares of the credit services provider’s stock worth $190,000 after buying an additional 2,404 shares during the period. 14.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Frank J. Hanna III acquired 263,432 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were purchased at an average price of $28.21 per share, for a total transaction of $7,431,416.72. Following the completion of the acquisition, the insider now owns 263,432 shares of the company’s stock, valued at $7,431,416.72. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In other news, major shareholder Frank J. Hanna III acquired 263,432 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The stock was purchased at an average price of $28.21 per share, for a total transaction of $7,431,416.72. Following the completion of the acquisition, the insider now directly owns 263,432 shares in the company, valued at approximately $7,431,416.72. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Deal W. Hudson sold 2,000 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $30.50, for a total value of $61,000.00. Following the completion of the transaction, the director now owns 69,855 shares in the company, valued at $2,130,577.50. The disclosure for this sale can be found here. 51.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ATLC. StockNews.com downgraded shares of Atlanticus from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 1st. JMP Securities reaffirmed a “market outperform” rating and set a $39.00 target price on shares of Atlanticus in a research report on Wednesday, April 17th.

Atlanticus Stock Performance

Shares of Atlanticus stock opened at $27.82 on Wednesday. Atlanticus Holdings Co. has a 1-year low of $23.20 and a 1-year high of $43.70. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average price of $28.62 and a two-hundred day moving average price of $31.62. The company has a market cap of $411.74 million, a P/E ratio of 6.58 and a beta of 1.87.

Atlanticus (NASDAQ:ATLC) last issued its quarterly earnings results on Monday, March 4th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.14. The firm had revenue of $309.09 million for the quarter, compared to analyst estimates of $304.68 million. Atlanticus had a return on equity of 27.93% and a net margin of 8.90%. As a group, analysts anticipate that Atlanticus Holdings Co. will post 4.85 EPS for the current year.

Atlanticus 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.