HB Wealth Management LLC Has $6.23 Million Stock Holdings in Atlanticus Holdings Corporation $ATLC

HB Wealth Management LLC grew its position in Atlanticus Holdings Corporation (NASDAQ:ATLC) by 1,761.6% during the first quarter, HoldingsChannel reports. The firm owned 118,788 shares of the credit services provider’s stock after buying an additional 112,407 shares during the quarter. HB Wealth Management LLC’s holdings in Atlanticus were worth $6,233,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Advisory Services Network LLC bought a new stake in shares of Atlanticus during the 3rd quarter worth $47,000. Jones Financial Companies Lllp bought a new position in Atlanticus in the 1st quarter worth $71,000. State of Alaska Department of Revenue bought a new position in Atlanticus in the 4th quarter worth $105,000. Inspire Investing LLC acquired a new position in Atlanticus during the 1st quarter worth $87,000. Finally, BNP Paribas Financial Markets lifted its position in Atlanticus by 334.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,735 shares of the credit services provider’s stock worth $95,000 after acquiring an additional 1,336 shares during the last quarter. 14.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Atlanticus

In related news, major shareholder Frank J. Hanna III sold 15,676 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $104.26, for a total value of $1,634,379.76. Following the completion of the transaction, the insider directly owned 259,392 shares of the company’s stock, valued at $27,044,209.92. This trade represents a 5.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey A. Howard sold 10,000 shares of Atlanticus stock in a transaction on 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 executive officer owned 663,265 shares in the company, valued at $68,322,927.65. This represents a 1.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 75,000 shares of company stock valued at $7,868,627. Company insiders own 51.00% of the company’s stock.

Atlanticus Price Performance

Shares of Atlanticus stock opened at $96.40 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.24 and a quick ratio of 1.24. Atlanticus Holdings Corporation has a fifty-two week low of $45.74 and a fifty-two week high of $112.61. The firm has a fifty day moving average price of $87.72 and a two-hundred day moving average price of $69.15. The company has a market cap of $1.46 billion, a PE ratio of 14.39 and a beta of 2.11.

Atlanticus (NASDAQ:ATLC) last posted its quarterly earnings data on Thursday, May 7th. The credit services provider reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.54. The company had revenue of $679.59 million for the quarter, compared to the consensus estimate of $749.36 million. Atlanticus had a net margin of 5.86% and a return on equity of 23.43%. Analysts expect that Atlanticus Holdings Corporation will post 9.48 EPS for the current year.

Analyst Upgrades and Downgrades

ATLC has been the subject of a number of recent analyst reports. William Blair set a $100.00 price target on shares of Atlanticus in a report on Wednesday, June 10th. Wall Street Zen upgraded Atlanticus from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Zacks Research raised Atlanticus from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. BTIG Research increased their target price on Atlanticus from $105.00 to $179.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Atlanticus in a report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $119.75.

Atlanticus Profile

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.