Atlanticus (NASDAQ:ATLC) Raised to “Hold” at Texas Capital

Atlanticus (NASDAQ:ATLC) was upgraded by equities researchers at Texas Capital to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other analysts have also recently weighed in on the stock. Zacks Research raised shares of Atlanticus from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. William Blair set a $100.00 price objective on shares of Atlanticus in a report on Wednesday. B. Riley Financial reaffirmed a “buy” rating on shares of Atlanticus in a report on Thursday, May 14th. Wall Street Zen raised shares of Atlanticus from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Finally, Citizens Jmp increased their price objective on shares of Atlanticus from $100.00 to $102.00 and gave the stock a “market outperform” rating in a report on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $101.25.

Atlanticus Stock Up 2.9%

Shares of NASDAQ:ATLC opened at $91.18 on Wednesday. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 13.61 and a beta of 2.14. Atlanticus has a 1-year low of $45.74 and a 1-year high of $93.21. The company’s fifty day moving average is $76.01 and its two-hundred day moving average is $64.64. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.24 and a current ratio of 1.24.

Atlanticus (NASDAQ:ATLC) last issued its earnings results on Thursday, May 7th. The credit services provider reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.54. The company had revenue of $679.59 million for the quarter, compared to analysts’ expectations of $749.36 million. Atlanticus had a net margin of 5.86% and a return on equity of 23.43%. Equities analysts anticipate that Atlanticus will post 9.48 EPS for the current year.

Hedge Funds Weigh In On Atlanticus

Large investors have recently bought and sold shares of the stock. Murphy & Mullick Capital Management Corp acquired a new position in Atlanticus during the 3rd quarter valued at about $38,000. Advisory Services Network LLC acquired a new position in Atlanticus during the 3rd quarter valued at about $47,000. Jones Financial Companies Lllp acquired a new position in Atlanticus during the 1st quarter valued at about $71,000. AlphaQuest LLC increased its stake in Atlanticus by 20,442.9% during the 3rd quarter. AlphaQuest LLC now owns 1,438 shares of the credit services provider’s stock valued at $84,000 after buying an additional 1,431 shares during the period. Finally, Inspire Investing LLC acquired a new position in Atlanticus during the 1st quarter valued at about $87,000. Institutional investors and hedge funds own 14.15% of the company’s stock.

Atlanticus Company 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.