Atlanticus Holdings Corporation (NASDAQ:ATLC) Given Average Rating of “Moderate Buy” by Analysts

Atlanticus Holdings Corporation (NASDAQ:ATLC) has been assigned an average recommendation of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $90.00.

Several research analysts have issued reports on the stock. B. Riley raised their price target on shares of Atlanticus from $70.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Citigroup reissued an “outperform” rating on shares of Atlanticus in a research note on Thursday, December 11th. JMP Securities upped their price target on shares of Atlanticus from $78.00 to $95.00 and gave the company a “market outperform” rating in a research report on Thursday, September 18th. Wall Street Zen downgraded Atlanticus from a “buy” rating to a “hold” rating in a report on Sunday, November 16th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Atlanticus in a research note on Monday.

Institutional Investors Weigh In On Atlanticus

A number of hedge funds have recently added to or reduced their stakes in ATLC. Advisory Services Network LLC acquired a new position in shares of Atlanticus during the third quarter valued at about $47,000. Qube Research & Technologies Ltd bought a new position in Atlanticus in the 3rd quarter valued at about $520,000. Millennium Management LLC boosted its stake in Atlanticus by 353.6% during the 3rd quarter. Millennium Management LLC now owns 16,666 shares of the credit services provider’s stock valued at $976,000 after purchasing an additional 12,992 shares during the last quarter. Bank of America Corp DE boosted its stake in Atlanticus by 45.2% during the 3rd quarter. Bank of America Corp DE now owns 5,211 shares of the credit services provider’s stock valued at $305,000 after purchasing an additional 1,621 shares during the last quarter. Finally, Creative Planning bought a new stake in Atlanticus during the 3rd quarter worth approximately $303,000. Institutional investors and hedge funds own 14.15% of the company’s stock.

Atlanticus Price Performance

ATLC stock opened at $69.50 on Friday. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 12.34 and a beta of 2.08. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.25 and a quick ratio of 1.25. The company has a 50 day simple moving average of $59.77 and a 200 day simple moving average of $59.03. Atlanticus has a 1 year low of $41.37 and a 1 year high of $78.91.

Atlanticus (NASDAQ:ATLC) last announced its quarterly earnings results on Monday, November 10th. The credit services provider reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.14. Atlanticus had a return on equity of 22.86% and a net margin of 7.46%.The firm had revenue of $495.29 million for the quarter, compared to analyst estimates of $503.64 million. Research analysts anticipate that Atlanticus will post 4.49 EPS for the current fiscal year.

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.