Atlanticus Holdings Co. (NASDAQ:ATLC) Director Denise M. Harrod Sells 1,141 Shares

Atlanticus Holdings Co. (NASDAQ:ATLC) Director Denise M. Harrod sold 1,141 shares of Atlanticus stock in a transaction on Friday, November 15th. The shares were sold at an average price of $49.00, for a total transaction of $55,909.00. Following the completion of the sale, the director now owns 5,659 shares of the company’s stock, valued at $277,291. This represents a 16.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Atlanticus Stock Up 2.1 %

ATLC traded up $1.01 during mid-day trading on Monday, reaching $49.59. 68,653 shares of the stock were exchanged, compared to its average volume of 17,422. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.43 and a current ratio of 1.44. The stock has a market capitalization of $730.96 million, a PE ratio of 11.14 and a beta of 1.92. The company has a 50 day moving average price of $37.07 and a two-hundred day moving average price of $32.56. Atlanticus Holdings Co. has a 1 year low of $23.09 and a 1 year high of $51.48.

Atlanticus (NASDAQ:ATLC) last posted its quarterly earnings data on Thursday, November 7th. The credit services provider reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.04. The firm had revenue of $351.22 million for the quarter, compared to the consensus estimate of $326.64 million. Atlanticus had a net margin of 8.39% and a return on equity of 25.14%. As a group, research analysts anticipate that Atlanticus Holdings Co. will post 4.41 EPS for the current year.

Wall Street Analysts Forecast Growth

ATLC has been the subject of a number of recent research reports. StockNews.com upgraded shares of Atlanticus from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 9th. Stephens initiated coverage on shares of Atlanticus in a research note on Wednesday, November 13th. They set an “overweight” rating and a $54.00 price target for the company. JMP Securities boosted their price target on shares of Atlanticus from $45.00 to $54.00 and gave the company a “market outperform” rating in a research note on Wednesday, November 13th. Finally, BTIG Research boosted their price target on shares of Atlanticus from $45.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $48.75.

Hedge Funds Weigh In On Atlanticus

A number of hedge funds have recently bought and sold shares of ATLC. FMR LLC boosted its holdings in shares of Atlanticus by 393.1% in the 3rd quarter. FMR LLC now owns 2,283 shares of the credit services provider’s stock worth $80,000 after buying an additional 1,820 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Atlanticus by 65.5% in the 1st quarter. BNP Paribas Financial Markets now owns 2,324 shares of the credit services provider’s stock worth $69,000 after buying an additional 920 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in shares of Atlanticus by 158.8% in the 3rd quarter. MetLife Investment Management LLC now owns 2,971 shares of the credit services provider’s stock worth $104,000 after buying an additional 1,823 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Atlanticus by 9.3% in the 2nd quarter. Rhumbline Advisers now owns 8,127 shares of the credit services provider’s stock worth $229,000 after buying an additional 690 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of Atlanticus by 285.6% in the 3rd quarter. Barclays PLC now owns 8,218 shares of the credit services provider’s stock worth $289,000 after buying an additional 6,087 shares during the last quarter. 14.15% of the stock is owned by hedge funds and other institutional investors.

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.