Integrated Quantitative Investments LLC Takes Position in Atlanticus Holdings Co. (NASDAQ:ATLC)

Integrated Quantitative Investments LLC purchased a new stake in shares of Atlanticus Holdings Co. (NASDAQ:ATLC) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,600 shares of the credit services provider’s stock, valued at approximately $368,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jane Street Group LLC bought a new position in shares of Atlanticus in the third quarter valued at approximately $313,000. Wellington Management Group LLP bought a new stake in Atlanticus during the 3rd quarter valued at $1,654,000. Barclays PLC lifted its position in shares of Atlanticus by 285.6% during the third quarter. Barclays PLC now owns 8,218 shares of the credit services provider’s stock worth $289,000 after acquiring an additional 6,087 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Atlanticus by 2.0% in the third quarter. Geode Capital Management LLC now owns 122,501 shares of the credit services provider’s stock worth $4,298,000 after acquiring an additional 2,348 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Atlanticus in the fourth quarter valued at $425,000. 14.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ATLC has been the subject of several analyst reports. B. Riley upgraded Atlanticus to a “strong-buy” rating in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $52.00 price objective (up from $45.00) on shares of Atlanticus in a research report on Monday, March 17th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $61.00.

Atlanticus Trading Down 4.1 %

Shares of ATLC opened at $45.05 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.44 and a quick ratio of 1.44. Atlanticus Holdings Co. has a 1-year low of $23.10 and a 1-year high of $64.70. The company has a market capitalization of $680.93 million, a P/E ratio of 10.12 and a beta of 2.16. The firm’s 50 day simple moving average is $53.57 and its 200 day simple moving average is $50.04.

Atlanticus (NASDAQ:ATLC) last posted its quarterly earnings data on Thursday, March 13th. The credit services provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.19. Atlanticus had a net margin of 8.39% and a return on equity of 25.14%. The company had revenue of $353.19 million during the quarter, compared to the consensus estimate of $355.02 million. Sell-side analysts forecast that Atlanticus Holdings Co. will post 4.49 earnings per share for the current fiscal year.

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.