Atlanticus (NASDAQ:ATLC) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Atlanticus (NASDAQ:ATLC) from a buy rating to a hold rating in a report released on Sunday.

A number of other research analysts also recently weighed in on the company. BTIG Research restated a “buy” rating and issued a $105.00 price target on shares of Atlanticus in a research note on Monday, October 27th. JMP Securities raised their target price on shares of Atlanticus from $78.00 to $95.00 and gave the company a “market outperform” rating in a research note on Thursday, September 18th. Weiss Ratings restated a “hold (c)” rating on shares of Atlanticus in a report on Wednesday, October 8th. B. Riley increased their price target on shares of Atlanticus from $70.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Finally, Citigroup reissued a “market outperform” rating on shares of Atlanticus in a research report on Wednesday, November 12th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Atlanticus has a consensus rating of “Moderate Buy” and an average target price of $87.50.

Atlanticus Stock Performance

Shares of ATLC opened at $52.59 on Friday. The stock has a market capitalization of $796.32 million, a price-to-earnings ratio of 9.24 and a beta of 2.14. Atlanticus has a 12 month low of $41.37 and a 12 month high of $78.91. The firm has a fifty day simple moving average of $59.33 and a 200 day simple moving average of $56.72. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.55.

Atlanticus (NASDAQ:ATLC) last issued its quarterly earnings results on Monday, November 10th. The credit services provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.34 by $0.14. The firm had revenue of $495.29 million for the quarter, compared to analysts’ expectations of $503.64 million. Atlanticus had a net margin of 8.51% and a return on equity of 24.20%. Research analysts forecast that Atlanticus will post 4.49 EPS for the current fiscal year.

Atlanticus Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 1st were issued a $0.4766 dividend. This represents a $1.91 annualized dividend and a dividend yield of 3.6%.

Institutional Trading of Atlanticus

Several hedge funds and other institutional investors have recently modified their holdings of the stock. State of Wyoming acquired a new stake in Atlanticus during the first quarter worth approximately $202,000. Pinnacle Wealth Management LLC bought a new position in shares of Atlanticus during the first quarter worth approximately $678,000. Jump Financial LLC increased its stake in shares of Atlanticus by 78.3% during the first quarter. Jump Financial LLC now owns 8,807 shares of the credit services provider’s stock worth $450,000 after purchasing an additional 3,867 shares during the period. Invesco Ltd. acquired a new stake in Atlanticus during the 1st quarter worth approximately $207,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Atlanticus in the 1st quarter valued at $1,666,000. Institutional investors own 14.15% of the company’s stock.

Atlanticus Company Profile

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.