Denali Advisors LLC Purchases New Shares in Atlanticus Holdings Co. (NASDAQ:ATLC)

Denali Advisors LLC acquired a new position in shares of Atlanticus Holdings Co. (NASDAQ:ATLC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,152 shares of the credit services provider's stock, valued at approximately $399,000.

Several other large investors also recently modified their holdings of ATLC. Jane Street Group LLC purchased a new position in shares of Atlanticus during the third quarter valued at approximately $313,000. Wellington Management Group LLP purchased a new position in Atlanticus in the 3rd quarter valued at approximately $1,654,000. Barclays PLC boosted its stake in 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 during the period. Geode Capital Management LLC increased its holdings 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 purchasing an additional 2,348 shares during the period. Finally, Exchange Traded Concepts LLC purchased a new stake in Atlanticus in the fourth quarter valued at approximately $280,000. 14.15% of the stock is currently owned by institutional investors and hedge funds.

Atlanticus Stock Down 10.3 %

Shares of ATLC stock traded down $5.65 during trading hours on Monday, reaching $49.28. 138,748 shares of the company's stock were exchanged, compared to its average volume of 60,414. Atlanticus Holdings Co. has a 1 year low of $23.09 and a 1 year high of $64.70. The stock's fifty day moving average price is $57.58 and its two-hundred day moving average price is $47.49. 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 cap of $726.34 million, a PE ratio of 11.07 and a beta of 2.10.

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Wall Street Analysts Forecast Growth

ATLC has been the subject of a number of recent analyst reports. Stephens started coverage on shares of Atlanticus in a report on Wednesday, November 13th. They set an "overweight" rating and a $54.00 price target for the company. JMP Securities upped their target price on shares of Atlanticus from $54.00 to $75.00 and gave the company a "market outperform" rating in a research note on Tuesday, December 3rd. BTIG Research boosted their price objective on shares of Atlanticus from $45.00 to $54.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Finally, B. Riley upgraded shares of Atlanticus to a "strong-buy" rating in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company 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.