Atlanticus' (ATLC) "Market Perform" Rating Reaffirmed at Keefe, Bruyette & Woods

Atlanticus (NASDAQ:ATLC - Get Free Report)'s stock had its "market perform" rating reiterated by research analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $60.00 target price on the credit services provider's stock, up from their prior target price of $52.00. Keefe, Bruyette & Woods' price target suggests a potential upside of 5.15% from the company's previous close.

Separately, StockNews.com downgraded shares of Atlanticus from a "strong-buy" rating to a "buy" rating in a report on Friday. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Atlanticus has an average rating of "Buy" and an average price target of $62.60.

Atlanticus Stock Up 4.0%

ATLC stock traded up $2.19 during midday trading on Monday, hitting $57.06. The company's stock had a trading volume of 45,775 shares, compared to its average volume of 37,986. Atlanticus has a 12 month low of $23.10 and a 12 month high of $64.70. The firm's 50-day moving average is $51.02 and its 200-day moving average is $53.45. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.59. The company has a market cap of $862.33 million, a PE ratio of 12.81 and a beta of 1.85.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.33 by $0.16. Atlanticus had a net margin of 8.39% and a return on equity of 25.14%. The business had revenue of $344.87 million during the quarter, compared to analysts' expectations of $347.24 million. On average, equities research analysts forecast that Atlanticus will post 4.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ATLC. Tower Research Capital LLC TRC raised its holdings in Atlanticus by 229.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 728 shares of the credit services provider's stock valued at $41,000 after acquiring an additional 507 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Atlanticus during the 1st quarter valued at $56,000. US Bancorp DE acquired a new position in shares of Atlanticus in the 1st quarter valued at $74,000. Globeflex Capital L P purchased a new stake in shares of Atlanticus during the 4th quarter worth about $119,000. Finally, SG Americas Securities LLC purchased a new position in Atlanticus in the 4th quarter valued at about $129,000. Institutional investors own 14.15% of the company's stock.

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.

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