Atlanticus Holdings Corporation (NASDAQ:ATLC) Receives Consensus Rating of “Moderate Buy” from Analysts

Atlanticus Holdings Corporation (NASDAQ:ATLC) has been given an average recommendation of “Moderate Buy” by the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $101.25.

Several equities analysts have recently weighed in on ATLC shares. Wall Street Zen raised shares of Atlanticus from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. William Blair set a $100.00 price target on Atlanticus in a report on Wednesday, June 10th. Weiss Ratings raised shares of Atlanticus from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. B. Riley Financial reissued a “buy” rating on shares of Atlanticus in a research report on Thursday, May 14th. Finally, Texas Capital raised Atlanticus to a “hold” rating in a research note on Wednesday, June 10th.

Atlanticus Price Performance

Atlanticus stock opened at $108.27 on Friday. The stock has a market capitalization of $1.64 billion, a P/E ratio of 16.16 and a beta of 2.14. The company’s fifty day moving average price is $83.97 and its 200 day moving average price is $67.54. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.24 and a current ratio of 1.24. Atlanticus has a 1 year low of $45.74 and a 1 year high of $111.42.

Atlanticus (NASDAQ:ATLC) last released its quarterly earnings results on Thursday, May 7th. The credit services provider reported $2.23 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.54. Atlanticus had a net margin of 5.86% and a return on equity of 23.43%. The firm had revenue of $679.59 million during the quarter, compared to the consensus estimate of $749.36 million. As a group, equities research analysts anticipate that Atlanticus will post 9.48 earnings per share for the current fiscal year.

Institutional Trading of Atlanticus

Several institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC acquired a new position in Atlanticus in the third quarter valued at $47,000. Jones Financial Companies Lllp purchased a new position in shares of Atlanticus during the 1st quarter worth approximately $71,000. State of Alaska Department of Revenue acquired a new position in Atlanticus during the fourth quarter worth $105,000. Inspire Investing LLC purchased a new stake in shares of Atlanticus in the first quarter valued at about $87,000. Finally, BNP Paribas Financial Markets increased its position in Atlanticus by 334.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,735 shares of the credit services provider’s stock worth $95,000 after purchasing an additional 1,336 shares in the last quarter. Hedge funds and other institutional investors own 14.15% of the company’s stock.

Atlanticus Company Profile

Atlanticus Holdings Corporation is a specialty financial services holding company that provides credit products and solutions to consumers across the United States. Through its subsidiaries, the company offers proprietary credit card programs, installment loan products and deposit accounts designed to serve customers who may have limited access to traditional credit. Atlanticus markets its offerings through a variety of channels, including direct?to?consumer online platforms, mail order, call centers and partnerships with retail and e-commerce businesses.

The company underwrites and services credit card portfolios under private-label and co-branded agreements, combining technology?enabled underwriting with tailored customer service.