Atlanticus Holdings Co. (NASDAQ:ATLC) Given Consensus Rating of "Buy" by Analysts

Shares of Atlanticus Holdings Co. (NASDAQ:ATLC - Get Free Report) have been given an average rating of "Buy" by the five research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $57.20.

A number of equities research analysts recently issued reports on ATLC shares. B. Riley raised Atlanticus to a "strong-buy" rating in a research report on Tuesday, January 7th. BTIG Research boosted their price target on Atlanticus from $45.00 to $54.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Stephens initiated coverage on Atlanticus in a report on Wednesday, November 13th. They set an "overweight" rating and a $54.00 target price on the stock. Finally, JMP Securities boosted their target price on Atlanticus from $54.00 to $75.00 and gave the stock a "market outperform" rating in a report on Tuesday, December 3rd.

Atlanticus Stock Down 1.5 %

Shares of NASDAQ:ATLC traded down $0.73 during trading on Friday, hitting $48.55. 84,893 shares of the company's stock traded hands, compared to its average volume of 62,312. Atlanticus has a 52 week low of $23.09 and a 52 week high of $64.70. 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 company has a market cap of $715.58 million, a price-to-earnings ratio of 10.91 and a beta of 2.10. The company has a 50-day moving average price of $57.26 and a 200-day moving average price of $47.71.

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Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ATLC. Wellington Management Group LLP increased its position in shares of Atlanticus by 159.2% during the fourth quarter. Wellington Management Group LLP now owns 122,225 shares of the credit services provider's stock valued at $6,818,000 after acquiring an additional 75,068 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Atlanticus during the fourth quarter valued at $3,828,000. Renaissance Technologies LLC lifted its stake in Atlanticus by 19.9% during the fourth quarter. Renaissance Technologies LLC now owns 125,558 shares of the credit services provider's stock worth $7,004,000 after purchasing an additional 20,800 shares during the last quarter. American Century Companies Inc. lifted its stake in Atlanticus by 60.7% during the fourth quarter. American Century Companies Inc. now owns 52,334 shares of the credit services provider's stock worth $2,919,000 after purchasing an additional 19,776 shares during the last quarter. Finally, Millennium Management LLC bought a new stake in Atlanticus during the fourth quarter worth about $987,000. Institutional investors own 14.15% of the company's stock.

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.