Atlanticus (NASDAQ:ATLC) CFO William Mccamey Sells 10,000 Shares of Stock

Atlanticus Holdings Corporation (NASDAQ:ATLC) CFO William Mccamey sold 10,000 shares of the stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $103.01, for a total transaction of $1,030,100.00. Following the sale, the chief financial officer directly owned 127,410 shares in the company, valued at approximately $13,124,504.10. The trade was a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

William Mccamey also recently made the following trade(s):

• On Friday, June 26th, William Mccamey sold 10,000 shares of Atlanticus stock. The stock was sold at an average price of $109.45, for a total value of $1,094,500.00.

Atlanticus Price Performance

ATLC traded down $7.35 during trading on Thursday, hitting $96.40. The company’s stock had a trading volume of 205,124 shares, compared to its average volume of 182,330. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 14.39 and a beta of 2.11. Atlanticus Holdings Corporation has a twelve month low of $45.74 and a twelve month high of $112.61. The business’s fifty day simple moving average is $87.29 and its 200 day simple moving average is $68.95. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.08.

Atlanticus (NASDAQ:ATLC) last issued its quarterly earnings results on Thursday, May 7th. The credit services provider reported $2.23 EPS for the quarter, topping the consensus estimate of $1.69 by $0.54. The company had revenue of $679.59 million during the quarter, compared to analyst estimates of $749.36 million. Atlanticus had a net margin of 5.86% and a return on equity of 23.43%. On average, equities research analysts forecast that Atlanticus Holdings Corporation will post 9.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada raised its position in Atlanticus by 274.6% in the first quarter. Royal Bank of Canada now owns 23,314 shares of the credit services provider’s stock valued at $1,193,000 after purchasing an additional 17,091 shares during the period. AQR Capital Management LLC acquired a new stake in shares of Atlanticus in the first quarter valued at $1,083,000. Jones Financial Companies Lllp purchased a new stake in shares of Atlanticus in the 1st quarter valued at $71,000. Empowered Funds LLC raised its holdings in shares of Atlanticus by 47.3% in the 1st quarter. Empowered Funds LLC now owns 38,312 shares of the credit services provider’s stock valued at $1,960,000 after buying an additional 12,308 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Atlanticus by 241.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 18,039 shares of the credit services provider’s stock valued at $988,000 after buying an additional 12,751 shares during the period. Hedge funds and other institutional investors own 14.15% of the company’s stock.

Wall Street Analysts Forecast Growth

ATLC has been the topic of several research reports. Zacks Research upgraded Atlanticus from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. Texas Capital raised shares of Atlanticus to a “hold” rating in a research note on Wednesday, June 10th. Weiss Ratings upgraded Atlanticus from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. William Blair set a $100.00 price target on Atlanticus in a report on Wednesday, June 10th. Finally, B. Riley Financial reissued a “buy” rating on shares of Atlanticus in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Atlanticus has a consensus rating of “Moderate Buy” and an average price target of $119.75.

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.