Atlanticus (NASDAQ:ATLC) Stock Crosses Below Two Hundred Day Moving Average of $30.24

Atlanticus Holdings Co. (NASDAQ:ATLCGet Rating) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $30.24 and traded as low as $29.47. Atlanticus shares last traded at $30.65, with a volume of 20,349 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. JMP Securities cut their target price on Atlanticus from $50.00 to $42.00 and set a “market outperform” rating on the stock in a report on Friday, January 13th. StockNews.com started coverage on Atlanticus in a research note on Wednesday, October 12th. They issued a “buy” rating on the stock. Finally, B. Riley reissued a “buy” rating and set a $50.00 target price on shares of Atlanticus in a research report on Friday, October 7th.

Atlanticus Trading Up 4.3 %

The company has a debt-to-equity ratio of 0.47, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a market cap of $442.74 million, a price-to-earnings ratio of 4.40 and a beta of 1.64. The firm’s fifty day moving average is $27.37 and its 200-day moving average is $30.24.

Atlanticus (NASDAQ:ATLCGet Rating) last announced its quarterly earnings data on Tuesday, November 8th. The credit services provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.01. Atlanticus had a return on equity of 55.90% and a net margin of 16.24%. The company had revenue of $277.87 million for the quarter, compared to the consensus estimate of $292.80 million. Equities analysts anticipate that Atlanticus Holdings Co. will post 6.35 earnings per share for the current year.

Insiders Place Their Bets

In related news, Chairman David G. Hanna acquired 325,000 shares of the stock in a transaction dated Wednesday, December 7th. The stock was bought at an average price of $27.15 per share, for a total transaction of $8,823,750.00. Following the purchase, the chairman now directly owns 325,000 shares of the company’s stock, valued at approximately $8,823,750. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Chairman David G. Hanna purchased 325,000 shares of Atlanticus stock in a transaction on Wednesday, December 7th. The stock was acquired at an average cost of $27.15 per share, for a total transaction of $8,823,750.00. Following the completion of the acquisition, the chairman now owns 325,000 shares of the company’s stock, valued at approximately $8,823,750. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman David G. Hanna sold 263,432 shares of Atlanticus stock in a transaction on Monday, November 14th. The shares were sold at an average price of $28.40, for a total transaction of $7,481,468.80. Following the completion of the sale, the chairman now directly owns 263,432 shares of the company’s stock, valued at $7,481,468.80. The disclosure for this sale can be found here. Company insiders own 53.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in shares of Atlanticus by 4.8% during the first quarter. Bank of New York Mellon Corp now owns 36,914 shares of the credit services provider’s stock worth $1,912,000 after purchasing an additional 1,680 shares during the period. American Century Companies Inc. lifted its holdings in shares of Atlanticus by 18.1% in the 1st quarter. American Century Companies Inc. now owns 11,682 shares of the credit services provider’s stock worth $605,000 after purchasing an additional 1,794 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Atlanticus by 57.0% in the 1st quarter. MetLife Investment Management LLC now owns 3,055 shares of the credit services provider’s stock worth $158,000 after purchasing an additional 1,109 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Atlanticus by 48.7% in the 1st quarter. Rhumbline Advisers now owns 5,025 shares of the credit services provider’s stock worth $260,000 after purchasing an additional 1,645 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Atlanticus by 2.2% in the 1st quarter. BlackRock Inc. now owns 359,187 shares of the credit services provider’s stock worth $18,602,000 after purchasing an additional 7,655 shares in the last quarter.

Atlanticus Company Profile

(Get Rating)

Atlanticus Holdings Corporation 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, educational services, and home-improvements by partnering with retailers and service providers.

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