Atlanticus Holdings Corporation $ATLC Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its holdings in shares of Atlanticus Holdings Corporation (NASDAQ:ATLC) by 4.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,562 shares of the credit services provider’s stock after selling 1,294 shares during the quarter. Los Angeles Capital Management LLC owned 0.17% of Atlanticus worth $1,400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its holdings in Atlanticus by 198.9% in the first quarter. Wellington Management Group LLP now owns 365,278 shares of the credit services provider’s stock worth $18,684,000 after acquiring an additional 243,053 shares in the last quarter. American Century Companies Inc. raised its position in shares of Atlanticus by 82.4% in the 1st quarter. American Century Companies Inc. now owns 95,476 shares of the credit services provider’s stock valued at $4,884,000 after purchasing an additional 43,142 shares during the last quarter. Empowered Funds LLC raised its position in shares of Atlanticus by 47.3% in the 1st quarter. Empowered Funds LLC now owns 38,312 shares of the credit services provider’s stock valued at $1,960,000 after purchasing an additional 12,308 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Atlanticus in the 1st quarter worth approximately $1,666,000. Finally, Royal Bank of Canada grew its position in Atlanticus by 274.6% during the 1st quarter. Royal Bank of Canada now owns 23,314 shares of the credit services provider’s stock worth $1,193,000 after purchasing an additional 17,091 shares during the last quarter. 14.15% of the stock is currently owned by hedge funds and other institutional investors.

Atlanticus Trading Up 1.5%

NASDAQ ATLC opened at $52.45 on Thursday. Atlanticus Holdings Corporation has a 1 year low of $41.37 and a 1 year high of $78.91. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.38 and a quick ratio of 1.38. The company has a market capitalization of $793.31 million, a PE ratio of 9.22 and a beta of 2.14. The company has a fifty day moving average of $60.58 and a 200 day moving average of $56.77.

Atlanticus (NASDAQ:ATLC) last released its quarterly earnings data on Monday, November 10th. The credit services provider reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.14. The business had revenue of $495.29 million during the quarter, compared to analyst estimates of $503.64 million. Atlanticus had a return on equity of 24.20% and a net margin of 8.51%. Research analysts forecast that Atlanticus Holdings Corporation will post 4.49 earnings per share for the current year.

Atlanticus Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 1st were given a dividend of $0.4766 per share. This represents a $1.91 annualized dividend and a yield of 3.6%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ATLC shares. BTIG Research restated a “buy” rating and set a $105.00 price target on shares of Atlanticus in a research note on Monday, October 27th. B. Riley boosted their price objective on shares of Atlanticus from $70.00 to $90.00 and gave the company a “buy” rating in a report on Monday, September 15th. Wall Street Zen lowered Atlanticus from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Atlanticus in a research report on Wednesday, October 8th. Finally, JMP Securities boosted their price target on Atlanticus from $78.00 to $95.00 and gave the company a “market outperform” rating in a research note on Thursday, September 18th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $87.50.

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.