Jump Financial LLC Purchases Shares of 4,940 Atlanticus Holdings Co. (NASDAQ:ATLC)

Jump Financial LLC bought a new stake in Atlanticus Holdings Co. (NASDAQ:ATLC - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 4,940 shares of the credit services provider's stock, valued at approximately $276,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Globeflex Capital L P acquired a new stake in shares of Atlanticus during the fourth quarter worth about $119,000. SG Americas Securities LLC acquired a new stake in shares of Atlanticus in the fourth quarter valued at approximately $129,000. Quantbot Technologies LP purchased a new position in shares of Atlanticus during the fourth quarter worth approximately $147,000. Semanteon Capital Management LP acquired a new position in shares of Atlanticus in the 4th quarter valued at $210,000. Finally, Exchange Traded Concepts LLC purchased a new stake in Atlanticus in the 4th quarter valued at $280,000. 14.15% of the stock is currently owned by institutional investors and hedge funds.

Atlanticus Stock Performance

NASDAQ:ATLC traded up $1.13 during mid-day trading on Friday, reaching $54.93. The stock had a trading volume of 9,739 shares, compared to its average volume of 58,437. Atlanticus Holdings Co. has a twelve month low of $23.09 and a twelve month high of $64.70. The business has a 50 day simple moving average of $50.81 and a 200 day simple moving average of $52.47. The firm has a market capitalization of $830.16 million, a price-to-earnings ratio of 12.34 and a beta of 2.16. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.44 and a current ratio of 1.44.

Atlanticus (NASDAQ:ATLC - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The credit services provider reported $1.42 earnings per share for the quarter, topping analysts' consensus estimates of $1.23 by $0.19. Atlanticus had a return on equity of 25.14% and a net margin of 8.39%. The firm had revenue of $353.19 million for the quarter, compared to analyst estimates of $355.02 million. On average, analysts expect that Atlanticus Holdings Co. will post 4.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on ATLC shares. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $52.00 price objective (up from $45.00) on shares of Atlanticus in a research note on Monday, March 17th. B. Riley upgraded Atlanticus to a "strong-buy" rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Atlanticus presently has an average rating of "Buy" and a consensus target price of $61.00.

Atlanticus Profile

Atlanticus Holdings Corporation, a financial technology company, provides credit and related financial services and products to customers the United States. It operates in two segments, Credit as a Service, and Auto Finance. The Credit as a Service segment originates a range of consumer loan products, such as private label and general purpose credit cards originated by lenders through various channels, including retail and healthcare, direct mail solicitation, digital marketing, and partnerships with third parties; and offers credit to their customers for the purchase of various goods and services, including consumer electronics, furniture, elective medical procedures, healthcare, and home-improvements by partnering with retailers, healthcare providers, and other service providers.