Exchange Traded Concepts LLC Makes New $280,000 Investment in Atlanticus Holdings Co. (NASDAQ:ATLC)

Exchange Traded Concepts LLC acquired a new position in shares of Atlanticus Holdings Co. (NASDAQ:ATLC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,021 shares of the credit services provider's stock, valued at approximately $280,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ATLC. FMR LLC raised its stake 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 acquiring an additional 1,820 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Atlanticus during the 4th quarter valued at approximately $129,000. MetLife Investment Management LLC increased its position in Atlanticus by 158.8% during the 3rd quarter. MetLife Investment Management LLC now owns 2,971 shares of the credit services provider's stock worth $104,000 after purchasing an additional 1,823 shares in the last quarter. Barclays PLC lifted its stake in Atlanticus by 285.6% in the 3rd quarter. Barclays PLC now owns 8,218 shares of the credit services provider's stock valued at $289,000 after purchasing an additional 6,087 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its position in Atlanticus by 9.3% in the second quarter. Squarepoint Ops LLC now owns 8,310 shares of the credit services provider's stock valued at $234,000 after buying an additional 704 shares in the last quarter. Institutional investors own 14.15% of the company's stock.

Insider Activity at Atlanticus

In other news, 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 value of $55,909.00. Following the completion of the sale, the director now owns 5,659 shares in the company, valued at $277,291. The trade was a 16.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Mitchell Saunders sold 16,004 shares of the business's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $55.55, for a total transaction of $889,022.20. Following the transaction, the chief accounting officer now owns 50,973 shares in the company, valued at $2,831,550.15. The trade was a 23.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,504 shares of company stock worth $962,522 over the last quarter. Company insiders own 51.80% of the company's stock.

Atlanticus Trading Up 0.3 %

Shares of ATLC traded up $0.17 during mid-day trading on Tuesday, reaching $56.17. 110,488 shares of the company were exchanged, compared to its average volume of 65,599. The business has a 50 day simple moving average of $58.23 and a two-hundred day simple moving average of $44.28. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a market capitalization of $827.95 million, a PE ratio of 12.62 and a beta of 2.10. Atlanticus Holdings Co. has a 52 week low of $23.09 and a 52 week high of $64.70.

Atlanticus (NASDAQ:ATLC - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The credit services provider reported $1.27 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $351.22 million during the quarter, compared to analyst estimates of $326.64 million. On average, analysts predict that Atlanticus Holdings Co. will post 4.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ATLC. Stephens started coverage on shares of Atlanticus in a report on Wednesday, November 13th. They set an "overweight" rating and a $54.00 price target for the company. BTIG Research upped their target price on Atlanticus from $45.00 to $54.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. JMP Securities lifted their price target on Atlanticus from $54.00 to $75.00 and gave the company a "market outperform" rating in a research note on Tuesday, December 3rd. Finally, B. Riley upgraded shares of Atlanticus to a "strong-buy" rating in a report on Tuesday, January 7th. One 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. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $57.20.

Atlanticus 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.