Atlanticus Holdings Co. (NASDAQ:ATLC) CAO Mitchell Saunders Sells 16,004 Shares

Atlanticus Holdings Co. (NASDAQ:ATLC) CAO Mitchell Saunders sold 16,004 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $55.55, for a total transaction of $889,022.20. Following the sale, the chief accounting officer now directly owns 50,973 shares in the company, valued at $2,831,550.15. The trade was a 23.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Atlanticus Price Performance

Shares of NASDAQ:ATLC traded up $0.86 during midday trading on Friday, reaching $55.16. 67,947 shares of the company were exchanged, compared to its average volume of 17,940. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.59. The stock has a market cap of $813.06 million, a PE ratio of 12.40 and a beta of 1.92. The business’s fifty day moving average is $38.83 and its two-hundred day moving average is $33.20. Atlanticus Holdings Co. has a one year low of $23.09 and a one year high of $56.42.

Atlanticus (NASDAQ:ATLC) last released 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. Atlanticus had a return on equity of 25.14% and a net margin of 8.39%. The business had revenue of $351.22 million for the quarter, compared to the consensus estimate of $326.64 million. As a group, analysts predict that Atlanticus Holdings Co. will post 4.41 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. StockNews.com raised Atlanticus from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 9th. B. Riley boosted their price objective on shares of Atlanticus from $50.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday. Stephens started coverage on Atlanticus in a report on Wednesday, November 13th. They set an “overweight” rating and a $54.00 price target on the stock. JMP Securities raised their target price on shares of Atlanticus from $45.00 to $54.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 13th. Finally, BTIG Research increased their price target on Atlanticus from $45.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Atlanticus currently has a consensus rating of “Buy” and a consensus price target of $53.00.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Rhumbline Advisers grew 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 worth $229,000 after purchasing an additional 690 shares during the last quarter. Squarepoint Ops LLC raised its stake 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 valued at $234,000 after acquiring an additional 704 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Atlanticus by 5.0% in 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. BNP Paribas Financial Markets grew its stake in Atlanticus by 65.5% in the first quarter. BNP Paribas Financial Markets now owns 2,324 shares of the credit services provider’s stock worth $69,000 after purchasing an additional 920 shares in the last quarter. Finally, FMR LLC increased its holdings in Atlanticus by 393.1% during the 3rd quarter. FMR LLC now owns 2,283 shares of the credit services provider’s stock worth $80,000 after purchasing an additional 1,820 shares during the period. Institutional investors 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.