LADENBURG THALM/SH SH Upgrades Atlantic International (NASDAQ:ATLN) to Strong-Buy

Atlantic International (NASDAQ:ATLN) was upgraded by investment analysts at LADENBURG THALM/SH SH to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

Other research analysts have also issued reports about the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Atlantic International in a research report on Wednesday, October 8th. Zacks Research upgraded Atlantic International to a “hold” rating in a report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Atlantic International Stock Up 3.2%

Shares of Atlantic International stock opened at $1.30 on Thursday. The company’s fifty day moving average is $2.35 and its 200 day moving average is $2.68. Atlantic International has a twelve month low of $1.23 and a twelve month high of $7.97. The stock has a market cap of $76.09 million, a price-to-earnings ratio of -0.58 and a beta of 1.14.

Atlantic International (NASDAQ:ATLN) last released its earnings results on Friday, November 14th. The company reported ($0.20) earnings per share (EPS) for the quarter. Atlantic International had a negative net margin of 22.66% and a negative return on equity of 3,234.95%. The firm had revenue of $110.13 million during the quarter.

Institutional Trading of Atlantic International

Hedge funds have recently made changes to their positions in the company. Strs Ohio purchased a new position in shares of Atlantic International in the third quarter worth about $106,000. New York State Common Retirement Fund purchased a new stake in shares of Atlantic International during the 2nd quarter valued at approximately $97,000. Finally, Geode Capital Management LLC boosted its holdings in Atlantic International by 112.2% in the 2nd quarter. Geode Capital Management LLC now owns 245,077 shares of the company’s stock worth $498,000 after buying an additional 129,572 shares during the period.

About Atlantic International

Atlantic International (NASDAQ: ATLN) is a specialty finance real estate investment trust focused on providing flexible capital solutions to U.S.-based, growth-oriented businesses. Through its externally managed structure, the company targets a diversified portfolio of debt and equity investments in micro-, small- and mid-cap enterprises operating across technology, healthcare, consumer internet, business services and other high-growth sectors. Atlantic International seeks to deliver current income and potential capital appreciation by structuring customized financing arrangements tailored to the needs of underserved companies.

The company’s investment strategy emphasizes middle-market firms that demonstrate strong growth trajectories and scalable business models.