Renaissance Technologies LLC Grows Stock Holdings in Atlanticus Holdings Co. (NASDAQ:ATLC)

Renaissance Technologies LLC boosted its holdings in Atlanticus Holdings Co. (NASDAQ:ATLC - Free Report) by 19.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 125,558 shares of the credit services provider's stock after buying an additional 20,800 shares during the quarter. Renaissance Technologies LLC owned approximately 0.85% of Atlanticus worth $7,004,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. FMR LLC boosted its position in Atlanticus by 393.1% during the 3rd quarter. FMR LLC now owns 2,283 shares of the credit services provider's stock worth $80,000 after buying an additional 1,820 shares during the period. Globeflex Capital L P bought a new position in shares of Atlanticus during the 4th quarter worth approximately $119,000. SG Americas Securities LLC bought a new stake in shares of Atlanticus in the 4th quarter valued at $129,000. Quantbot Technologies LP acquired a new position in shares of Atlanticus during the 4th quarter valued at $147,000. Finally, Semanteon Capital Management LP bought a new stake in Atlanticus in the 4th quarter worth about $210,000. Institutional investors and hedge funds own 14.15% of the company's stock.

Wall Street Analyst Weigh In

ATLC has been the topic of several research analyst reports. B. Riley upgraded Atlanticus to a "strong-buy" rating in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $52.00 target price (up previously from $45.00) on shares of Atlanticus in a research report on Monday, March 17th. One 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's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $61.00.

Atlanticus Price Performance

NASDAQ ATLC traded up $0.83 during trading on Thursday, reaching $55.21. The company's stock had a trading volume of 7,734 shares, compared to its average volume of 36,339. Atlanticus Holdings Co. has a one year low of $23.10 and a one year high of $64.70. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.44 and a quick ratio of 1.44. The stock has a market capitalization of $834.40 million, a PE ratio of 12.39 and a beta of 2.16. The firm has a fifty day moving average of $51.35 and a 200 day moving average of $51.64.

Atlanticus (NASDAQ:ATLC - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The credit services provider reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $1.23 by $0.19. The firm had revenue of $353.19 million for the quarter, compared to analyst estimates of $355.02 million. Atlanticus had a net margin of 8.39% and a return on equity of 25.14%. Analysts expect that Atlanticus Holdings Co. will post 4.49 EPS for the current fiscal year.

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.