Semanteon Capital Management LP Acquires Shares of 3,760 Atlanticus Holdings Co. (NASDAQ:ATLC)

Semanteon Capital Management LP acquired a new stake in shares of Atlanticus Holdings Co. (NASDAQ:ATLC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,760 shares of the credit services provider’s stock, valued at approximately $210,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ATLC. Empowered Funds LLC raised its position in Atlanticus by 5.0% during the third quarter. Empowered Funds LLC now owns 16,978 shares of the credit services provider’s stock valued at $596,000 after purchasing an additional 804 shares during the period. FMR LLC grew its stake in shares of Atlanticus by 393.1% during the third quarter. FMR LLC now owns 2,283 shares of the credit services provider’s stock valued at $80,000 after buying an additional 1,820 shares during the last quarter. MetLife Investment Management LLC grew its stake in shares of Atlanticus by 158.8% during the third quarter. MetLife Investment Management LLC now owns 2,971 shares of the credit services provider’s stock valued at $104,000 after buying an additional 1,823 shares during the last quarter. State Street Corp grew its stake in shares of Atlanticus by 2.4% during the third quarter. State Street Corp now owns 93,431 shares of the credit services provider’s stock valued at $3,278,000 after buying an additional 2,212 shares during the last quarter. Finally, Wellington Management Group LLP bought a new position in shares of Atlanticus during the third quarter valued at approximately $1,654,000. 14.15% of the stock is currently owned by hedge funds and other institutional investors.

Atlanticus Stock Down 1.5 %

Shares of NASDAQ:ATLC opened at $50.51 on Friday. The business’s 50 day moving average is $55.01 and its 200 day moving average is $48.82. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.59. The stock has a market cap of $763.46 million, a P/E ratio of 11.35 and a beta of 2.16. Atlanticus Holdings Co. has a 52-week low of $23.10 and a 52-week high of $64.70.

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

Analyst Upgrades and Downgrades

ATLC has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $52.00 target price (up previously from $45.00) on shares of Atlanticus in a research note on Monday, March 17th. B. Riley raised Atlanticus to a “strong-buy” rating in a research note on Tuesday, January 7th. Finally, JMP Securities increased their price objective on Atlanticus from $54.00 to $75.00 and gave the stock a “market outperform” rating in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $61.00.

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.