Atlanticus (NASDAQ:ATLC) Price Target Raised to $45.00 at JMP Securities

Atlanticus (NASDAQ:ATLC - Free Report) had its target price boosted by JMP Securities from $39.00 to $45.00 in a research report released on Monday morning, Benzinga reports. JMP Securities currently has a market outperform rating on the credit services provider's stock.

Separately, StockNews.com raised Atlanticus from a buy rating to a strong-buy rating in a research report on Friday, August 9th.

Atlanticus Stock Up 0.2 %

NASDAQ:ATLC traded up $0.06 during mid-day trading on Monday, reaching $35.64. The stock had a trading volume of 13,521 shares, compared to its average volume of 16,173. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a market cap of $527.19 million, a P/E ratio of 8.41 and a beta of 1.92. The business's 50 day moving average is $33.41 and its 200 day moving average is $30.23. Atlanticus has a fifty-two week low of $23.09 and a fifty-two week high of $39.53.

Atlanticus (NASDAQ:ATLC - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The credit services provider reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.87 by $0.12. Atlanticus had a net margin of 8.42% and a return on equity of 25.32%. The business had revenue of $315.64 million for the quarter, compared to the consensus estimate of $309.74 million. As a group, sell-side analysts predict that Atlanticus will post 4.54 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Deal W. Hudson sold 2,500 shares of Atlanticus stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $31.35, for a total value of $78,375.00. Following the transaction, the director now directly owns 64,955 shares in the company, valued at approximately $2,036,339.25. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Deal W. Hudson sold 1,200 shares of Atlanticus stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $32.75, for a total transaction of $39,300.00. Following the sale, the director now owns 67,455 shares of the company's stock, valued at approximately $2,209,151.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Deal W. Hudson sold 2,500 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $31.35, for a total transaction of $78,375.00. Following the completion of the sale, the director now directly owns 64,955 shares in the company, valued at approximately $2,036,339.25. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 51.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ATLC. BNP Paribas Financial Markets raised its position in Atlanticus by 65.5% in the 1st quarter. BNP Paribas Financial Markets now owns 2,324 shares of the credit services provider's stock valued at $69,000 after purchasing an additional 920 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Atlanticus by 9.3% in the second quarter. Rhumbline Advisers now owns 8,127 shares of the credit services provider's stock valued at $229,000 after buying an additional 690 shares during the last quarter. Squarepoint Ops LLC lifted its position in Atlanticus by 9.3% during the 2nd quarter. Squarepoint Ops LLC now owns 8,310 shares of the credit services provider's stock worth $234,000 after buying an additional 704 shares in the last quarter. Empowered Funds LLC grew its holdings in Atlanticus by 7.5% during the 1st quarter. Empowered Funds LLC now owns 15,094 shares of the credit services provider's stock worth $447,000 after acquiring an additional 1,050 shares during the last quarter. Finally, Denali Advisors LLC raised its stake in shares of Atlanticus by 5.2% in the first quarter. Denali Advisors LLC now owns 26,040 shares of the credit services provider's stock worth $771,000 after acquiring an additional 1,285 shares during the last quarter. 14.15% of the stock is owned by institutional investors.

Atlanticus Company 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.