Connor Clark & Lunn Investment Management Ltd. Buys Shares of 7,620 Atlanticus Holdings Co. (NASDAQ:ATLC)

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Atlanticus Holdings Co. (NASDAQ:ATLC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Bailard Inc. acquired a new position in Atlanticus in the fourth quarter valued at about $332,000. Denali Advisors LLC bought a new stake in shares of Atlanticus during the 4th quarter worth approximately $399,000. New York State Common Retirement Fund lifted its position in shares of Atlanticus by 19.2% in the fourth quarter. New York State Common Retirement Fund now owns 7,454 shares of the credit services provider's stock valued at $416,000 after buying an additional 1,200 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Atlanticus by 3.2% during the 4th quarter. Rhumbline Advisers now owns 8,128 shares of the credit services provider's stock worth $453,000 after buying an additional 255 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings in Atlanticus by 53.2% in the 4th 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. 14.15% of the stock is currently owned by institutional investors.

Atlanticus Price Performance

Shares of Atlanticus stock traded up $1.45 during trading on Monday, hitting $51.96. The stock had a trading volume of 16,953 shares, compared to its average volume of 32,021. 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 business's 50-day moving average is $55.01 and its 200 day moving average is $48.93. The firm has a market cap of $785.38 million, a price-to-earnings ratio of 11.68 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.

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Atlanticus (NASDAQ:ATLC - Get Free Report) last released its quarterly 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. The business had revenue of $353.19 million during the quarter, compared to analyst estimates of $355.02 million. Atlanticus had a return on equity of 25.14% and a net margin of 8.39%. As a group, sell-side analysts anticipate that Atlanticus Holdings Co. will post 4.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

ATLC has been the topic of several analyst reports. JMP Securities increased 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. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $52.00 price objective (up from $45.00) on shares of Atlanticus in a report on Monday, March 17th. Finally, B. Riley raised Atlanticus to a "strong-buy" rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Atlanticus currently has an average rating of "Buy" and a consensus target price of $61.00.

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.