Atlanticus Holdings Co. (NASDAQ:ATLCP) Short Interest Up 163.6% in August

Atlanticus Holdings Co. (NASDAQ:ATLCP) saw a large increase in short interest in August. As of August 31st, there was short interest totalling 2,900 shares, an increase of 163.6% from the August 15th total of 1,100 shares. Based on an average daily volume of 5,500 shares, the short-interest ratio is currently 0.5 days.

Insider Buying and Selling at Atlanticus

In other Atlanticus news, Director Deal W. Hudson sold 1,451 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $36.12, for a total value of $52,410.12. Following the sale, the director now directly owns 74,001 shares of the company’s stock, valued at approximately $2,672,916.12. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Atlanticus news, Director Deal W. Hudson sold 2,348 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $35.16, for a total transaction of $82,555.68. Following the completion of the sale, the director now directly owns 70,952 shares in the company, valued at $2,494,672.32. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Deal W. Hudson sold 1,451 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $36.12, for a total transaction of $52,410.12. Following the sale, the director now owns 74,001 shares of the company’s stock, valued at $2,672,916.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,500 shares of company stock worth $160,202.

Atlanticus Price Performance

NASDAQ ATLCP remained flat at $20.35 on Friday. The company’s stock had a trading volume of 1,797 shares, compared to its average volume of 6,718. Atlanticus has a 52-week low of $15.88 and a 52-week high of $22.92. The firm’s 50-day moving average is $21.31 and its 200-day moving average is $19.54.

Atlanticus Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a dividend of $0.4766 per share. This is an increase from Atlanticus’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $1.91 annualized dividend and a yield of 9.37%.

About Atlanticus

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, and home-improvements by partnering with retailers and service providers.