Empowered Funds LLC Has $1.45 Million Stock Holdings in Atlanticus Holdings Co. (NASDAQ:ATLC)

Empowered Funds LLC lifted its holdings in Atlanticus Holdings Co. (NASDAQ:ATLC - Free Report) by 53.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,004 shares of the credit services provider's stock after acquiring an additional 9,026 shares during the period. Empowered Funds LLC owned approximately 0.18% of Atlanticus worth $1,451,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Exchange Traded Concepts LLC acquired a new stake in shares of Atlanticus in the fourth quarter worth $280,000. SG Americas Securities LLC acquired a new stake in shares of Atlanticus in the fourth quarter worth $129,000. Barclays PLC increased its position in shares of Atlanticus by 285.6% in the third quarter. Barclays PLC now owns 8,218 shares of the credit services provider's stock worth $289,000 after acquiring an additional 6,087 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Atlanticus by 2.0% in the third quarter. Geode Capital Management LLC now owns 122,501 shares of the credit services provider's stock worth $4,298,000 after acquiring an additional 2,348 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Atlanticus in the third quarter worth $313,000. Institutional investors and hedge funds own 14.15% of the company's stock.

Wall Street Analysts Forecast Growth

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

Atlanticus Stock Down 1.4 %

NASDAQ ATLC traded down $0.83 during trading hours on Thursday, reaching $60.62. 57,027 shares of the company traded hands, compared to its average volume of 61,080. Atlanticus Holdings Co. has a 12 month low of $23.09 and a 12 month 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 stock has a market capitalization of $893.54 million, a PE ratio of 13.62 and a beta of 2.10. The company has a 50 day moving average of $57.90 and a two-hundred day moving average of $46.10.

Insider Buying and Selling at Atlanticus

In other news, CAO Mitchell Saunders sold 16,004 shares of the firm's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $55.55, for a total value of $889,022.20. Following the transaction, the chief accounting officer now directly owns 50,973 shares in the company, valued at approximately $2,831,550.15. This trade represents a 23.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 51.80% of the stock is currently owned by insiders.

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.