Atlanticus (NASDAQ:ATLC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Atlanticus (NASDAQ:ATLC) from a buy rating to a strong-buy rating in a research note released on Sunday morning,Wall Street Zen reports.

A number of other equities analysts have also recently weighed in on the company. Zacks Research cut Atlanticus from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Texas Capital raised Atlanticus from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. HSBC set a $144.00 price objective on Atlanticus in a research note on Monday, July 13th. BTIG Research reiterated a “buy” rating and set a $179.00 price objective on shares of Atlanticus in a research report on Tuesday, September 22nd. Finally, B. Riley Financial reissued a “buy” rating on shares of Atlanticus in a research note on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.00.

Atlanticus Trading Up 0.2%

Shares of ATLC opened at $94.75 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.26 and a quick ratio of 1.26. Atlanticus has a 1-year low of $47.50 and a 1-year high of $114.34. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 12.32 and a beta of 1.98. The firm has a 50 day simple moving average of $94.37 and a 200-day simple moving average of $88.34.

Atlanticus (NASDAQ:ATLC) last posted its earnings results on Thursday, August 6th. The credit services provider reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.08. The firm had revenue of $744.32 million for the quarter, compared to analyst estimates of $716.35 million. Atlanticus had a return on equity of 25.17% and a net margin of 5.80%. Equities analysts forecast that Atlanticus will post 9.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ATLC. Financial Management Professionals Inc. purchased a new position in shares of Atlanticus in the 2nd quarter worth $33,000. Inspire Investing LLC purchased a new stake in Atlanticus during the first quarter valued at about $87,000. Walleye Capital LLC purchased a new stake in Atlanticus during the second quarter valued at about $208,000. Range Financial Group LLC grew its position in Atlanticus by 5.8% during the first quarter. Range Financial Group LLC now owns 4,526 shares of the credit services provider’s stock valued at $237,000 after acquiring an additional 247 shares during the period. Finally, Jupiter Topco LLC acquired a new stake in Atlanticus during the second quarter worth about $255,000. 14.15% of the stock is currently owned by hedge funds and other institutional investors.

About Atlanticus

Atlanticus Holdings Corporation (NASDAQ: ATLC) is a financial technology company that develops and provides credit and related financial products for consumers who may have limited access to traditional banking services. The company works with financial institution partners and merchants to deliver credit solutions through digital and point-of-sale channels.

Atlanticus’ offerings include revolving credit products, point-of-sale financing, personal loan solutions and automotive finance programs.