Integrated Quantitative Investments LLC Acquires New Holdings in Atlanticus Holdings Co. (NASDAQ:ATLC)

Integrated Quantitative Investments LLC purchased a new position in Atlanticus Holdings Co. (NASDAQ:ATLC - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 6,600 shares of the credit services provider's stock, valued at approximately $368,000.

A number of other institutional investors also recently made changes to their positions in the stock. Jane Street Group LLC acquired a new stake in Atlanticus in the third quarter worth approximately $313,000. Wellington Management Group LLP acquired a new stake in shares of Atlanticus in the third quarter valued at $1,654,000. Barclays PLC boosted its stake in Atlanticus by 285.6% during the third 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. Geode Capital Management LLC grew its holdings in Atlanticus by 2.0% during 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 during the period. Finally, Horizon Investment Services LLC bought a new stake in Atlanticus in the fourth quarter worth about $617,000. 14.15% of the stock is owned by institutional investors and hedge funds.

Atlanticus Trading Down 5.7 %

NASDAQ ATLC traded down $3.01 on Thursday, hitting $49.65. 21,486 shares of the stock were exchanged, compared to its average volume of 61,645. The company's 50-day moving average price is $52.53 and its two-hundred day moving average price is $50.53. 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 52-week low of $23.09 and a 52-week high of $64.70. The company has a market capitalization of $750.49 million, a price-to-earnings ratio of 11.24 and a beta of 2.16.

Atlanticus (NASDAQ:ATLC - Get Free Report) last posted its quarterly earnings results on Thursday, March 13th. The credit services provider reported $1.42 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $355.02 million. Research analysts predict that Atlanticus Holdings Co. will post 4.49 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on ATLC shares. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $52.00 target price (up from $45.00) on shares of Atlanticus in a report on Monday, March 17th. B. Riley upgraded Atlanticus to a "strong-buy" rating in a research report on Tuesday, January 7th. One research 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 company. According to MarketBeat, the stock presently has a consensus 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.