68,630 Shares in Atlanticus Holdings Co. (NASDAQ:ATLC) Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership purchased a new position in Atlanticus Holdings Co. (NASDAQ:ATLC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 68,630 shares of the credit services provider's stock, valued at approximately $3,828,000. Arrowstreet Capital Limited Partnership owned about 0.47% of Atlanticus at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ATLC. FMR LLC boosted its position in Atlanticus by 393.1% in the third 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 last quarter. MetLife Investment Management LLC boosted its holdings in shares of Atlanticus by 158.8% in the third quarter. MetLife Investment Management LLC now owns 2,971 shares of the credit services provider's stock worth $104,000 after buying an additional 1,823 shares during the last quarter. Globeflex Capital L P bought a new stake in Atlanticus during the fourth quarter valued at approximately $119,000. SG Americas Securities LLC purchased a new stake in Atlanticus during the fourth quarter valued at approximately $129,000. Finally, Quantbot Technologies LP bought a new position in Atlanticus in the fourth quarter worth approximately $147,000. 14.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ATLC shares. 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 note on Monday, March 17th. B. Riley upgraded Atlanticus to a "strong-buy" rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Atlanticus has an average rating of "Buy" and a consensus target price of $61.00.

Atlanticus Price Performance

NASDAQ:ATLC traded up $0.82 on Monday, reaching $52.25. 3,498 shares of the company's stock traded hands, compared to its average volume of 35,642. The firm has a market cap of $789.77 million, a PE ratio of 11.74 and a beta of 2.16. 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 50-day simple moving average of $52.32 and a 200-day simple moving average of $50.88. Atlanticus Holdings Co. has a 12 month low of $23.10 and a 12 month high of $64.70.

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

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.