Insider Selling: Atlanticus (NASDAQ:ATLC) CAO Sells $1,022,000.00 in Stock

Atlanticus Holdings Corporation (NASDAQ:ATLC) CAO Mitchell Saunders sold 10,000 shares of Atlanticus stock in a transaction on Monday, June 29th. The shares were sold at an average price of $102.20, for a total value of $1,022,000.00. Following the completion of the sale, the chief accounting officer owned 46,273 shares in the company, valued at $4,729,100.60. This represents a 17.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Atlanticus Trading Up 1.5%

Shares of NASDAQ ATLC traded up $1.50 during mid-day trading on Wednesday, reaching $103.75. 242,344 shares of the company’s stock were exchanged, compared to its average volume of 178,765. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 15.49 and a beta of 2.11. 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 Holdings Corporation has a 52-week low of $45.74 and a 52-week high of $112.61. The company’s 50-day moving average is $86.80 and its 200-day moving average is $68.74.

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Texas Capital raised shares of Atlanticus to a “hold” rating in a research report on Wednesday, June 10th. William Blair set a $100.00 price target on Atlanticus in a research note on Wednesday, June 10th. Weiss Ratings upgraded Atlanticus from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Wall Street Zen cut Atlanticus from a “strong-buy” rating to a “buy” rating in a research note on Saturday. 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 issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.75.

Hedge Funds Weigh In On Atlanticus

Large investors have recently bought and sold shares of the business. Wellington Management Group LLP boosted its position in shares of Atlanticus by 54.7% during the 4th quarter. Wellington Management Group LLP now owns 704,282 shares of the credit services provider’s stock worth $47,152,000 after acquiring an additional 249,100 shares in the last quarter. HB Wealth Management LLC lifted its stake in Atlanticus by 1,761.6% during the first quarter. HB Wealth Management LLC now owns 118,788 shares of the credit services provider’s stock worth $6,233,000 after purchasing an additional 112,407 shares during the last quarter. Bridgeway Capital Management LLC boosted its holdings in Atlanticus by 133.5% in the second quarter. Bridgeway Capital Management LLC now owns 93,234 shares of the credit services provider’s stock valued at $5,105,000 after purchasing an additional 53,312 shares in the last quarter. UBS Group AG raised its holdings in Atlanticus by 333.2% during the fourth quarter. UBS Group AG now owns 37,582 shares of the credit services provider’s stock worth $2,516,000 after purchasing an additional 28,907 shares in the last quarter. Finally, AQR Capital Management LLC purchased a new stake in shares of Atlanticus during the 1st quarter worth approximately $1,083,000. Hedge funds and other institutional investors 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.