Bailard Inc. Purchases Shares of 5,958 Atlanticus Holdings Co. (NASDAQ:ATLC)

Bailard Inc. acquired a new stake in shares of Atlanticus Holdings Co. (NASDAQ:ATLC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,958 shares of the credit services provider's stock, valued at approximately $332,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC increased its position in Atlanticus by 393.1% during the 3rd quarter. FMR LLC now owns 2,283 shares of the credit services provider's stock valued at $80,000 after buying an additional 1,820 shares in the last quarter. MetLife Investment Management LLC increased its holdings 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 worth $104,000 after purchasing an additional 1,823 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Atlanticus in the 4th quarter worth $129,000. Exchange Traded Concepts LLC bought a new stake in shares of Atlanticus in the 4th quarter worth $280,000. Finally, Barclays PLC increased its holdings in shares of Atlanticus by 285.6% in the 3rd quarter. Barclays PLC now owns 8,218 shares of the credit services provider's stock worth $289,000 after purchasing an additional 6,087 shares in the last quarter. Institutional investors own 14.15% of the company's stock.

Atlanticus Stock Performance

Shares of ATLC traded up $0.38 during trading hours on Friday, hitting $46.06. The stock had a trading volume of 56,288 shares, compared to its average volume of 61,727. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.44 and a quick ratio of 1.44. Atlanticus Holdings Co. has a 12 month low of $23.09 and a 12 month high of $64.70. The firm has a market capitalization of $678.88 million, a PE ratio of 10.35 and a beta of 2.16. The stock has a fifty day moving average price of $56.82 and a 200 day moving average price of $47.71.

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Wall Street Analyst Weigh In

A number of analysts have commented on ATLC shares. JMP Securities lifted 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. B. Riley raised Atlanticus to a "strong-buy" rating in a report on Tuesday, January 7th. BTIG Research lifted 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. Finally, Stephens started coverage on Atlanticus in a report on Wednesday, November 13th. They issued an "overweight" rating and a $54.00 target price for the company. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Atlanticus currently has an average rating of "Buy" and an average target price 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.