Russell Investments Group Ltd. 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 Form 13F filing with the Securities and Exchange Commission. The firm acquired 8,737 shares of the credit services provider's stock, valued at approximately $487,000. Russell Investments Group Ltd. owned approximately 0.06% of Atlanticus at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. State Street Corp boosted its stake in Atlanticus by 2.4% in the 3rd quarter. State Street Corp now owns 93,431 shares of the credit services provider's stock valued at $3,278,000 after buying an additional 2,212 shares in the last quarter. Jane Street Group LLC acquired a new stake in Atlanticus in the 3rd quarter valued at $313,000. Barclays PLC boosted its stake in Atlanticus by 285.6% in the 3rd quarter. Barclays PLC now owns 8,218 shares of the credit services provider's stock valued at $289,000 after buying an additional 6,087 shares in the last quarter. Geode Capital Management LLC boosted its stake in Atlanticus by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 122,501 shares of the credit services provider's stock valued at $4,298,000 after buying an additional 2,348 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Atlanticus in the 4th quarter valued at $129,000. Institutional investors and hedge funds own 14.15% of the company's stock.
Analysts Set New Price Targets
ATLC has been the topic of several recent analyst reports. B. Riley raised Atlanticus to a "strong-buy" rating in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $52.00 price objective (up previously from $45.00) on shares of Atlanticus in a research note on Monday, March 17th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Atlanticus currently has an average rating of "Buy" and a consensus price target of $61.00.
View Our Latest Report on ATLC
Atlanticus Trading Down 1.9 %
Shares of ATLC stock traded down $1.05 on Tuesday, reaching $54.59. 4,405 shares of the stock were exchanged, compared to its average volume of 36,761. The stock has a market cap of $825.02 million, a PE ratio of 12.29 and a beta of 2.16. Atlanticus Holdings Co. has a one year low of $23.10 and a one year high of $64.70. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.44 and a quick ratio of 1.44. The stock has a 50 day moving average price of $51.03 and a 200 day moving average price of $52.31.
Atlanticus (NASDAQ:ATLC - Get Free Report) last released its earnings results 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. The company had revenue of $353.19 million during the quarter, compared to the consensus estimate of $355.02 million. Atlanticus had a return on equity of 25.14% and a net margin of 8.39%. Equities research analysts forecast that Atlanticus Holdings Co. will post 4.49 EPS for the current fiscal year.
Atlanticus Company Profile
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Free Report)
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.
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