5,492 Shares in Atlanticus Holdings Co. (NASDAQ:ATLC) Purchased by Voya Investment Management LLC

Voya Investment Management LLC acquired a new position in shares of Atlanticus Holdings Co. (NASDAQ:ATLC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,492 shares of the credit services provider's stock, valued at approximately $306,000.

Other hedge funds also recently modified their holdings of the company. Renaissance Technologies LLC raised its stake in shares of Atlanticus by 19.9% in the fourth quarter. Renaissance Technologies LLC now owns 125,558 shares of the credit services provider's stock valued at $7,004,000 after acquiring an additional 20,800 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Atlanticus by 159.2% in the fourth quarter. Wellington Management Group LLP now owns 122,225 shares of the credit services provider's stock valued at $6,818,000 after buying an additional 75,068 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Atlanticus during the 4th quarter worth about $3,828,000. American Century Companies Inc. grew its holdings in Atlanticus by 60.7% during the 4th quarter. American Century Companies Inc. now owns 52,334 shares of the credit services provider's stock worth $2,919,000 after acquiring an additional 19,776 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in Atlanticus by 53.2% during the 4th quarter. Empowered Funds LLC now owns 26,004 shares of the credit services provider's stock worth $1,451,000 after acquiring an additional 9,026 shares during the last quarter. Institutional investors own 14.15% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ATLC shares. StockNews.com lowered shares of Atlanticus from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 9th. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $60.00 price objective (up previously from $52.00) on shares of Atlanticus in a research report on Monday. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $62.60.

Atlanticus Trading Up 0.5%

Shares of ATLC traded up $0.26 on Friday, reaching $53.06. 13,148 shares of the company's stock were exchanged, compared to its average volume of 38,490. The business has a 50 day moving average price of $51.84 and a two-hundred day moving average price of $53.75. Atlanticus Holdings Co. has a 12 month low of $23.10 and a 12 month high of $64.70. The stock has a market capitalization of $802.51 million, a P/E ratio of 11.96 and a beta of 1.85. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.59.

Atlanticus (NASDAQ:ATLC - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The credit services provider reported $1.49 earnings per share for the quarter, beating analysts' consensus estimates of $1.33 by $0.16. Atlanticus had a return on equity of 25.14% and a net margin of 8.39%. The company had revenue of $344.87 million for the quarter, compared to the consensus estimate of $347.24 million. Research analysts anticipate that Atlanticus Holdings Co. will post 4.49 earnings per share for the current year.

Atlanticus Company 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.