Jane Street Group LLC Raises Holdings in Atlanticus Holdings Co. (NASDAQ:ATLC)

Jane Street Group LLC grew its position in shares of Atlanticus Holdings Co. (NASDAQ:ATLC) by 17.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,540 shares of the credit services provider’s stock after purchasing an additional 1,604 shares during the quarter. Jane Street Group LLC’s holdings in Atlanticus were worth $588,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its stake in shares of Atlanticus by 229.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 728 shares of the credit services provider’s stock worth $41,000 after buying an additional 507 shares during the period. Globeflex Capital L P acquired a new stake in shares of Atlanticus during the fourth quarter worth about $119,000. SG Americas Securities LLC acquired a new stake in shares of Atlanticus during the fourth quarter worth about $129,000. State of Tennessee Department of Treasury acquired a new stake in shares of Atlanticus during the fourth quarter worth about $143,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Atlanticus during the fourth quarter worth about $147,000. Hedge funds and other institutional investors own 14.15% of the company’s stock.

Atlanticus Price Performance

Shares of NASDAQ:ATLC opened at $48.89 on Wednesday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.59. The company has a market cap of $739.51 million, a P/E ratio of 10.99 and a beta of 1.85. Atlanticus Holdings Co. has a 52 week low of $25.14 and a 52 week high of $64.70. The company has a 50-day moving average price of $52.11 and a 200 day moving average price of $54.42.

Atlanticus (NASDAQ:ATLC) last announced its quarterly earnings data on Thursday, May 8th. The credit services provider reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.16. The firm had revenue of $344.87 million during the quarter, compared to the consensus estimate of $347.24 million. Atlanticus had a net margin of 8.39% and a return on equity of 25.14%. Research analysts predict that Atlanticus Holdings Co. will post 4.49 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ATLC. Wall Street Zen downgraded shares of Atlanticus from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 9th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $60.00 target price (up previously from $52.00) on shares of Atlanticus in a research note on Monday, May 12th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Atlanticus presently has an average rating of “Buy” and a consensus target price of $62.60.

About Atlanticus

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.