4,940 Shares in Atlanticus Holdings Co. (NASDAQ:ATLC) Acquired by Jump Financial LLC

Jump Financial LLC bought a new stake in shares of Atlanticus Holdings Co. (NASDAQ:ATLC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 4,940 shares of the credit services provider’s stock, valued at approximately $276,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. JPMorgan Chase & Co. boosted its position in shares of Atlanticus by 3.7% during the fourth quarter. JPMorgan Chase & Co. now owns 5,079 shares of the credit services provider’s stock valued at $283,000 after buying an additional 180 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Atlanticus by 3.2% during the 4th quarter. Rhumbline Advisers now owns 8,128 shares of the credit services provider’s stock valued at $453,000 after acquiring an additional 255 shares during the last quarter. Barclays PLC grew its stake in shares of Atlanticus by 11.6% in the fourth quarter. Barclays PLC now owns 9,168 shares of the credit services provider’s stock worth $511,000 after acquiring an additional 950 shares during the period. New York State Common Retirement Fund raised its holdings in shares of Atlanticus by 19.2% during the fourth quarter. New York State Common Retirement Fund now owns 7,454 shares of the credit services provider’s stock valued at $416,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Globeflex Capital L P bought a new position in Atlanticus during the fourth quarter valued at approximately $119,000. Institutional investors own 14.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on ATLC shares. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $52.00 target price (up previously from $45.00) on shares of Atlanticus in a research report on Monday, March 17th. B. Riley raised Atlanticus to a “strong-buy” rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $61.00.

Atlanticus Stock Down 1.3 %

ATLC opened at $55.25 on Friday. The firm’s 50 day simple moving average is $51.15 and its two-hundred day simple moving average is $52.05. The company has a market capitalization of $834.99 million, a PE ratio of 12.42 and a beta of 2.16. Atlanticus Holdings Co. has a 1-year low of $23.10 and a 1-year high of $64.70. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.59.

Atlanticus (NASDAQ:ATLC) last announced its earnings results on Thursday, March 13th. The credit services provider reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.19. Atlanticus had a return on equity of 25.14% and a net margin of 8.39%. The company had revenue of $353.19 million for the quarter, compared to analysts’ expectations of $355.02 million. As a group, equities analysts forecast that Atlanticus Holdings Co. will post 4.49 EPS for the current year.

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.