Atlanticus (NASDAQ:ATLC) CFO Sells $1,094,500.00 in Stock

Atlanticus Holdings Corporation (NASDAQ:ATLC) CFO William Mccamey sold 10,000 shares of Atlanticus stock in a transaction on Friday, June 26th. The shares were sold at an average price of $109.45, for a total value of $1,094,500.00. Following the completion of the transaction, the chief financial officer owned 137,410 shares in the company, valued at approximately $15,039,524.50. The trade was a 6.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Atlanticus Price Performance

Shares of ATLC stock opened at $110.46 on Monday. The business has a fifty day simple moving average of $84.81 and a 200 day simple moving average of $67.91. The company has a market cap of $1.67 billion, a P/E ratio of 16.49 and a beta of 2.14. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.08. Atlanticus Holdings Corporation has a twelve month low of $45.74 and a twelve month high of $112.61.

Atlanticus (NASDAQ:ATLC) last released its earnings results on Thursday, May 7th. The credit services provider reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.54. The firm had revenue of $679.59 million for the quarter, compared to analysts’ expectations of $749.36 million. Atlanticus had a return on equity of 23.43% and a net margin of 5.86%. On average, sell-side analysts forecast that Atlanticus Holdings Corporation will post 9.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Atlanticus

Several hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC bought a new stake in Atlanticus during the 3rd quarter worth approximately $47,000. Jones Financial Companies Lllp bought a new position in shares of Atlanticus during the first quarter valued at $71,000. Inspire Investing LLC acquired a new position in shares of Atlanticus during the first quarter worth $87,000. BNP Paribas Financial Markets lifted its holdings in shares of Atlanticus by 334.8% during the second quarter. BNP Paribas Financial Markets now owns 1,735 shares of the credit services provider’s stock worth $95,000 after purchasing an additional 1,336 shares during the period. Finally, State of Alaska Department of Revenue bought a new stake in shares of Atlanticus in the fourth quarter worth $105,000. 14.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ATLC. Wall Street Zen lowered shares of Atlanticus from a “strong-buy” rating to a “buy” rating in a report on Saturday. William Blair set a $100.00 price objective on shares of Atlanticus in a research note on Wednesday, June 10th. Texas Capital upgraded shares of Atlanticus to a “hold” rating in a research report on Wednesday, June 10th. B. Riley Financial reaffirmed a “buy” rating on shares of Atlanticus in a research note on Thursday, May 14th. Finally, Zacks Research upgraded shares of Atlanticus from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Atlanticus currently has a consensus rating of “Moderate Buy” and an average target price of $101.25.

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.