Atlanticus (NASDAQ:ATLC) CFO William Mccamey Sells 10,000 Shares

Atlanticus Holdings Corporation (NASDAQ:ATLC) CFO William Mccamey sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $103.01, for a total transaction of $1,030,100.00. Following the sale, the chief financial officer directly owned 127,410 shares of the company’s stock, valued at approximately $13,124,504.10. This represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

William Mccamey also recently made the following trade(s):

• On Friday, June 26th, William Mccamey sold 10,000 shares of Atlanticus stock. The stock was sold at an average price of $109.45, for a total transaction of $1,094,500.00.

Atlanticus Stock Down 7.1%

Shares of ATLC stock opened at $96.40 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.24 and a quick ratio of 1.24. Atlanticus Holdings Corporation has a one year low of $45.74 and a one year high of $112.61. The company’s fifty day moving average price is $87.29 and its 200-day moving average price is $68.95. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 14.39 and a beta of 2.11.

Atlanticus (NASDAQ:ATLC) last issued its 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. The company had revenue of $679.59 million during the quarter, compared to the consensus estimate of $749.36 million. Atlanticus had a net margin of 5.86% and a return on equity of 23.43%. Sell-side analysts expect that Atlanticus Holdings Corporation will post 9.48 EPS for the current fiscal year.

Analyst Ratings Changes

ATLC has been the topic of several recent analyst reports. William Blair set a $100.00 target price on Atlanticus in a research note on Wednesday, June 10th. Wall Street Zen lowered shares of Atlanticus from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 27th. B. Riley Financial reiterated a “buy” rating on shares of Atlanticus in a research report on Thursday, May 14th. Zacks Research raised shares of Atlanticus from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Finally, BTIG Research upped their target price on shares of Atlanticus from $105.00 to $179.00 and gave the stock a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.75.

Institutional Trading of Atlanticus

Several hedge funds have recently modified their holdings of the company. Range Financial Group LLC increased its position in Atlanticus by 5.8% during the first quarter. Range Financial Group LLC now owns 4,526 shares of the credit services provider’s stock valued at $237,000 after acquiring an additional 247 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Atlanticus by 5.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,194 shares of the credit services provider’s stock worth $616,000 after acquiring an additional 478 shares during the last quarter. Jump Financial LLC lifted its holdings in shares of Atlanticus by 6.1% in the 2nd quarter. Jump Financial LLC now owns 9,344 shares of the credit services provider’s stock worth $512,000 after acquiring an additional 537 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Atlanticus by 9.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 7,783 shares of the credit services provider’s stock worth $521,000 after purchasing an additional 681 shares during the period. Finally, Advisory Services Network LLC purchased a new position in shares of Atlanticus during the 3rd quarter worth about $47,000. 14.15% of the stock is owned by hedge funds and other institutional investors.

About Atlanticus

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.