Brokerages Set Atlanticus Holdings Corporation (NASDAQ:ATLC) Price Target at $90.00

Atlanticus Holdings Corporation (NASDAQ:ATLC) has been assigned an average recommendation of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $90.00.

Several equities research analysts have issued reports on ATLC shares. Wall Street Zen lowered shares of Atlanticus from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. B. Riley Financial started coverage on Atlanticus in a report on Wednesday, January 7th. They issued a “buy” rating and a $90.00 price objective for the company. BTIG Research reaffirmed a “buy” rating and issued a $105.00 target price on shares of Atlanticus in a research report on Monday, October 27th. Citizens Jmp increased their price target on Atlanticus from $95.00 to $100.00 and gave the company a “market outperform” rating in a research report on Thursday, December 11th. Finally, Citigroup restated an “outperform” rating on shares of Atlanticus in a research note on Thursday, December 11th.

Atlanticus Price Performance

Shares of ATLC opened at $51.87 on Friday. The stock has a market capitalization of $785.31 million, a P/E ratio of 9.21 and a beta of 1.95. Atlanticus has a twelve month low of $41.37 and a twelve month high of $78.91. The company has a 50 day moving average of $61.40 and a 200-day moving average of $60.34. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.20.

Insider Buying and Selling at Atlanticus

In related news, Director Deal W. Hudson sold 1,675 shares of the business’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $59.72, for a total transaction of $100,031.00. Following the transaction, the director directly owned 60,467 shares in the company, valued at approximately $3,611,089.24. The trade was a 2.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 51.80% of the company’s stock.

Institutional Investors Weigh In On Atlanticus

A number of large investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its position in Atlanticus by 2.9% during the third quarter. Wellington Management Group LLP now owns 455,182 shares of the credit services provider’s stock worth $26,665,000 after purchasing an additional 12,861 shares during the period. Vanguard Group Inc. raised its position in shares of Atlanticus by 6.7% in the third quarter. Vanguard Group Inc. now owns 305,772 shares of the credit services provider’s stock valued at $17,912,000 after purchasing an additional 19,159 shares during the period. Geode Capital Management LLC lifted its stake in shares of Atlanticus by 2.3% during the 2nd quarter. Geode Capital Management LLC now owns 126,841 shares of the credit services provider’s stock worth $6,945,000 after buying an additional 2,812 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Atlanticus by 25.8% during the 2nd quarter. American Century Companies Inc. now owns 120,071 shares of the credit services provider’s stock worth $6,574,000 after buying an additional 24,595 shares during the period. Finally, State Street Corp boosted its holdings in shares of Atlanticus by 9.8% during the 4th quarter. State Street Corp now owns 117,071 shares of the credit services provider’s stock worth $7,838,000 after buying an additional 10,409 shares during the period. Institutional investors own 14.15% of the company’s stock.

About Atlanticus

Atlanticus Holdings Corporation is a specialty financial services holding company that provides credit products and solutions to consumers across the United States. Through its subsidiaries, the company offers proprietary credit card programs, installment loan products and deposit accounts designed to serve customers who may have limited access to traditional credit. Atlanticus markets its offerings through a variety of channels, including direct‐to‐consumer online platforms, mail order, call centers and partnerships with retail and e-commerce businesses.

The company underwrites and services credit card portfolios under private-label and co-branded agreements, combining technology‐enabled underwriting with tailored customer service.