Atlanticus (NASDAQ:ATLC) Earns Buy Rating from Analysts at B. Riley

Analysts at B. Riley began coverage on shares of Atlanticus (NASDAQ:ATLC) in a report issued on Wednesday. The firm set a “buy” rating and a $90.00 price target on the credit services provider’s stock. B. Riley’s price objective suggests a potential upside of 34.89% from the company’s current price.

Other research analysts also recently issued research reports about the company. JMP Securities increased their target price on Atlanticus from $78.00 to $95.00 and gave the stock a “market outperform” rating in a report on Thursday, September 18th. Wall Street Zen lowered Atlanticus from a “buy” rating to a “hold” rating in a research report on Sunday, November 16th. Citigroup restated an “outperform” rating on shares of Atlanticus in a research note on Thursday, December 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of Atlanticus in a report on Monday, December 29th. Finally, BTIG Research restated a “buy” rating and set a $105.00 price objective on shares of Atlanticus in a research note on Monday, October 27th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $90.00.

Atlanticus Price Performance

ATLC stock opened at $66.72 on Wednesday. Atlanticus has a 52-week low of $41.37 and a 52-week high of $78.91. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.20. The stock’s fifty day simple moving average is $60.52 and its 200-day simple moving average is $59.59. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 11.85 and a beta of 1.94.

Atlanticus (NASDAQ:ATLC) last released its quarterly earnings data on Monday, November 10th. The credit services provider reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.14. Atlanticus had a return on equity of 22.86% and a net margin of 7.46%.The business had revenue of $495.29 million for the quarter, compared to analyst estimates of $503.64 million. Equities research analysts expect that Atlanticus will post 4.49 EPS for the current year.

Institutional Trading of Atlanticus

Several large investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its position in shares of Atlanticus by 2.9% in the third quarter. Wellington Management Group LLP now owns 455,182 shares of the credit services provider’s stock worth $26,665,000 after buying an additional 12,861 shares during the period. Vanguard Group Inc. boosted its position in Atlanticus by 6.7% during the 3rd quarter. Vanguard Group Inc. now owns 305,772 shares of the credit services provider’s stock worth $17,912,000 after acquiring an additional 19,159 shares during the period. Geode Capital Management LLC grew its stake in Atlanticus by 2.3% during the 2nd quarter. Geode Capital Management LLC now owns 126,841 shares of the credit services provider’s stock valued at $6,945,000 after acquiring an additional 2,812 shares in the last quarter. American Century Companies Inc. grew its stake in Atlanticus by 25.8% during the 2nd quarter. American Century Companies Inc. now owns 120,071 shares of the credit services provider’s stock valued at $6,574,000 after acquiring an additional 24,595 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its holdings in shares of Atlanticus by 19.4% in the 3rd quarter. Bridgeway Capital Management LLC now owns 111,342 shares of the credit services provider’s stock valued at $6,522,000 after purchasing an additional 18,108 shares during the period. 14.15% of the stock is owned by institutional investors and hedge funds.

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.