Los Angeles Capital Management LLC Increases Holdings in Atlanticus Holdings Corporation $ATLC

Los Angeles Capital Management LLC grew its holdings in shares of Atlanticus Holdings Corporation (NASDAQ:ATLC) by 28.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,265 shares of the credit services provider’s stock after purchasing an additional 6,970 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Atlanticus were worth $2,093,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Denali Advisors LLC increased its position in shares of Atlanticus by 83.8% during the 4th quarter. Denali Advisors LLC now owns 15,222 shares of the credit services provider’s stock valued at $1,019,000 after purchasing an additional 6,941 shares during the last quarter. UBS Group AG increased its position in shares of Atlanticus by 333.2% during the 4th quarter. UBS Group AG now owns 37,582 shares of the credit services provider’s stock valued at $2,516,000 after purchasing an additional 28,907 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Atlanticus during the 3rd quarter valued at $38,000. Alps Advisors Inc. purchased a new stake in shares of Atlanticus during the 3rd quarter valued at $370,000. Finally, AlphaQuest LLC increased its position in shares of Atlanticus by 20,442.9% during the 3rd quarter. AlphaQuest LLC now owns 1,438 shares of the credit services provider’s stock valued at $84,000 after purchasing an additional 1,431 shares during the last quarter. 14.15% of the stock is owned by hedge funds and other institutional investors.

Atlanticus Stock Up 3.4%

ATLC stock opened at $88.78 on Wednesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 13.25 and a beta of 2.14. Atlanticus Holdings Corporation has a fifty-two week low of $45.74 and a fifty-two week high of $93.21. The stock has a fifty day moving average of $74.49 and a 200-day moving average of $64.13.

Atlanticus (NASDAQ:ATLC) last posted its quarterly 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 return on equity of 23.43% and a net margin of 5.86%. As a group, equities research analysts predict that Atlanticus Holdings Corporation will post 9.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Wall Street Zen raised Atlanticus from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Citizens Jmp raised their target price on Atlanticus from $100.00 to $102.00 and gave the company a “market outperform” rating in a research report on Tuesday, March 17th. Weiss Ratings lowered Atlanticus from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Zacks Research raised Atlanticus from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Atlanticus in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $101.67.

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.