Atlanticus (NASDAQ:ATLC) Price Target Raised to $54.00 at JMP Securities

Atlanticus (NASDAQ:ATLC) had its price target boosted by JMP Securities from $45.00 to $54.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a market outperform rating on the credit services provider’s stock.

Other equities analysts also recently issued research reports about the stock. StockNews.com upgraded shares of Atlanticus from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 9th. Stephens assumed coverage on Atlanticus in a research note on Wednesday. They set an “overweight” rating and a $54.00 target price for the company. Finally, BTIG Research increased their price target on Atlanticus from $45.00 to $54.00 and gave the company a “buy” rating in a research report on Tuesday. One research 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $48.75.

Atlanticus Price Performance

ATLC opened at $46.18 on Wednesday. The firm has a market cap of $680.69 million, a price-to-earnings ratio of 10.38 and a beta of 1.92. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.59. The stock’s 50-day moving average price is $36.01 and its 200 day moving average price is $32.06. Atlanticus has a 12-month low of $23.09 and a 12-month high of $46.62.

Atlanticus (NASDAQ:ATLC) last posted its quarterly earnings data on Thursday, November 7th. The credit services provider reported $1.27 EPS for the quarter, beating the consensus estimate of $1.23 by $0.04. Atlanticus had a net margin of 8.39% and a return on equity of 25.14%. The business had revenue of $351.22 million during the quarter, compared to analyst estimates of $326.64 million. As a group, sell-side analysts expect that Atlanticus will post 4.54 earnings per share for the current year.

Insider Buying and Selling

In other Atlanticus news, Director Deal W. Hudson sold 2,500 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $31.35, for a total value of $78,375.00. Following the sale, the director now directly owns 64,955 shares in the company, valued at $2,036,339.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Atlanticus news, Director Deal W. Hudson sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $31.35, for a total transaction of $78,375.00. Following the sale, the director now owns 64,955 shares of the company’s stock, valued at approximately $2,036,339.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Deal W. Hudson sold 1,200 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $32.75, for a total transaction of $39,300.00. Following the sale, the director now owns 67,455 shares of the company’s stock, valued at $2,209,151.25. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 51.80% of the company’s stock.

Hedge Funds Weigh In On Atlanticus

Large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets lifted 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 valued at $69,000 after purchasing an additional 920 shares during the last quarter. FMR LLC increased its position in Atlanticus by 393.1% during the third 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 period. MetLife Investment Management LLC lifted its stake in Atlanticus by 158.8% in 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. Rhumbline Advisers boosted its holdings in shares of Atlanticus by 9.3% in the second quarter. Rhumbline Advisers now owns 8,127 shares of the credit services provider’s stock valued at $229,000 after acquiring an additional 690 shares during the period. Finally, Squarepoint Ops LLC grew its position in shares of Atlanticus by 9.3% during the second quarter. Squarepoint Ops LLC now owns 8,310 shares of the credit services provider’s stock worth $234,000 after acquiring an additional 704 shares during the last quarter. Institutional investors and hedge funds own 14.15% of the company’s stock.

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.