Atlanticus (NASDAQ:ATLC) Given New $54.00 Price Target at BTIG Research

Atlanticus (NASDAQ:ATLC) had its target price lifted by BTIG Research from $45.00 to $54.00 in a report published on Tuesday morning,Benzinga reports. BTIG Research currently has a buy rating on the credit services provider’s stock.

ATLC has been the subject of a number of other research reports. JMP Securities boosted their target price on Atlanticus from $39.00 to $45.00 and gave the stock a “market outperform” rating in a research report on Monday, October 14th. StockNews.com raised shares of Atlanticus from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 9th.

Atlanticus Trading Up 0.7 %

Shares of ATLC opened at $44.50 on Tuesday. Atlanticus has a 1-year low of $23.09 and a 1-year high of $45.63. The company has a market capitalization of $655.93 million, a P/E ratio of 10.00 and a beta of 1.92. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.43 and a quick ratio of 1.43. The firm’s 50 day simple moving average is $35.75 and its 200 day simple moving average is $31.96.

Atlanticus (NASDAQ:ATLC) last posted its quarterly earnings data on Thursday, November 7th. The credit services provider reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.04. The company had revenue of $351.22 million during the quarter, compared to the consensus estimate of $326.64 million. Atlanticus had a net margin of 8.39% and a return on equity of 25.79%. Sell-side analysts forecast that Atlanticus will post 4.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Atlanticus

In related news, Director Deal W. Hudson sold 1,200 shares of Atlanticus stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $32.75, for a total value of $39,300.00. Following the transaction, the director now directly owns 67,455 shares of the company’s stock, valued at $2,209,151.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Deal W. Hudson sold 2,500 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $31.35, for a total transaction of $78,375.00. Following the transaction, the director now owns 64,955 shares in the company, valued at $2,036,339.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Deal W. Hudson sold 1,200 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $32.75, for a total value of $39,300.00. Following the completion of the sale, the director now owns 67,455 shares of the company’s stock, valued at approximately $2,209,151.25. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 51.80% of the company’s stock.

Institutional Trading of Atlanticus

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its holdings in Atlanticus by 65.5% in the 1st quarter. BNP Paribas Financial Markets now owns 2,324 shares of the credit services provider’s stock worth $69,000 after purchasing an additional 920 shares in the last quarter. Rhumbline Advisers raised its stake in Atlanticus by 9.3% in the second quarter. Rhumbline Advisers now owns 8,127 shares of the credit services provider’s stock worth $229,000 after buying an additional 690 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in 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 period. Empowered Funds LLC grew its holdings in shares of Atlanticus by 7.5% during the 1st quarter. Empowered Funds LLC now owns 15,094 shares of the credit services provider’s stock worth $447,000 after acquiring an additional 1,050 shares during the period. Finally, Vanguard Group Inc. raised its position 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 worth $7,655,000 after acquiring an additional 2,453 shares in the last quarter. Hedge funds and other institutional investors own 14.15% of the company’s stock.

About Atlanticus

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.