Connor Clark & Lunn Investment Management Ltd. Invests $425,000 in Atlanticus Holdings Co. (NASDAQ:ATLC)

Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Atlanticus Holdings Co. (NASDAQ:ATLC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,620 shares of the credit services provider's stock, valued at approximately $425,000. Connor Clark & Lunn Investment Management Ltd. owned 0.05% of Atlanticus at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ATLC. Wellington Management Group LLP bought a new stake in shares of Atlanticus during the 3rd quarter valued at $1,654,000. Empowered Funds LLC grew its holdings in Atlanticus by 53.2% during the fourth quarter. Empowered Funds LLC now owns 26,004 shares of the credit services provider's stock valued at $1,451,000 after purchasing an additional 9,026 shares during the period. Jane Street Group LLC purchased a new stake in Atlanticus in the third quarter worth about $313,000. Denali Advisors LLC bought a new position in shares of Atlanticus in the fourth quarter worth about $399,000. Finally, Barclays PLC lifted its position in shares of Atlanticus by 285.6% during the 3rd quarter. Barclays PLC now owns 8,218 shares of the credit services provider's stock valued at $289,000 after buying an additional 6,087 shares in the last quarter. 14.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ATLC has been the subject of a number of recent analyst reports. JMP Securities upped their price target 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 report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $52.00 price target (up previously from $45.00) on shares of Atlanticus in a report on Monday, March 17th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Atlanticus currently has an average rating of "Buy" and a consensus target price of $61.00.

Atlanticus Trading Up 0.2 %

Shares of Atlanticus stock traded up $0.12 during trading on Wednesday, hitting $52.02. The stock had a trading volume of 46,581 shares, compared to its average volume of 32,259. The stock has a market cap of $786.28 million, a PE ratio of 11.69 and a beta of 2.16. Atlanticus Holdings Co. has a 12 month low of $23.10 and a 12 month high of $64.70. The firm's fifty day simple moving average is $54.87 and its 200-day simple moving average is $49.21. 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 (NASDAQ:ATLC - Get Free Report) last released its earnings results on Thursday, March 13th. The credit services provider reported $1.42 EPS for the quarter, beating analysts' consensus estimates of $1.23 by $0.19. Atlanticus had a return on equity of 25.14% and a net margin of 8.39%. The firm had revenue of $353.19 million for the quarter, compared to analysts' expectations of $355.02 million. As a group, sell-side analysts expect that Atlanticus Holdings Co. will post 4.49 EPS for the current fiscal year.

About Atlanticus

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.