Atlanticus' (ATLC) Market Perform Rating Reaffirmed at Keefe, Bruyette & Woods

Atlanticus (NASDAQ:ATLC - Get Free Report)'s stock had its "market perform" rating reaffirmed by equities researchers at Keefe, Bruyette & Woods in a research note issued to investors on Monday,Benzinga reports. They currently have a $52.00 price target on the credit services provider's stock, up from their prior price target of $45.00. Keefe, Bruyette & Woods' target price would suggest a potential upside of 2.95% from the company's previous close.

A number of other research firms have also issued reports on ATLC. JMP Securities increased their target price on Atlanticus from $54.00 to $75.00 and gave the company a "market outperform" rating in a research note on Tuesday, December 3rd. B. Riley raised shares of 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 assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $61.00.

Atlanticus Trading Down 1.5 %

ATLC stock traded down $0.77 during midday trading on Monday, reaching $50.51. 52,498 shares of the company's stock traded hands, compared to its average volume of 31,939. Atlanticus has a fifty-two week low of $23.10 and a fifty-two week high of $64.70. The business has a 50-day moving average price of $55.07 and a two-hundred day moving average price of $48.60. The company has a market capitalization of $763.46 million, a P/E ratio of 11.35 and a beta of 2.16. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.44 and a quick ratio of 1.44.

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Atlanticus (NASDAQ:ATLC - Get Free Report) last announced its quarterly 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 net margin of 8.39% and a return on equity of 25.14%. The firm had revenue of $353.19 million during the quarter, compared to analysts' expectations of $355.02 million. Equities research analysts forecast that Atlanticus will post 4.49 EPS for the current fiscal year.

Hedge Funds Weigh In On Atlanticus

Institutional investors and hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC raised its holdings in Atlanticus by 229.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 728 shares of the credit services provider's stock valued at $41,000 after acquiring an additional 507 shares in the last quarter. FMR LLC increased its position in shares of Atlanticus by 393.1% in 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 last quarter. MetLife Investment Management LLC raised its stake in shares of Atlanticus by 158.8% in the 3rd quarter. MetLife Investment Management LLC now owns 2,971 shares of the credit services provider's stock valued at $104,000 after purchasing an additional 1,823 shares in the last quarter. Globeflex Capital L P bought a new position in shares of Atlanticus during the fourth quarter worth about $119,000. Finally, SG Americas Securities LLC acquired a new position in Atlanticus in the fourth quarter worth about $129,000. 14.15% of the stock is currently owned by hedge funds and other institutional investors.

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.