Atlanticus Holdings Co. (NASDAQ:ATLC) Receives $61.00 Consensus Target Price from Analysts

Shares of Atlanticus Holdings Co. (NASDAQ:ATLC - Get Free Report) have been given a consensus recommendation of "Buy" by the five research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $61.00.

A number of brokerages have recently weighed in on ATLC. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $52.00 price objective (up from $45.00) on shares of Atlanticus in a report on Monday, March 17th. B. Riley raised Atlanticus to a "strong-buy" rating in a report on Tuesday, January 7th.

Atlanticus Stock Up 1.6 %

ATLC stock traded up $0.88 on Friday, hitting $55.26. 4,482 shares of the company's stock were exchanged, compared to its average volume of 36,330. The firm has a 50 day moving average price of $51.35 and a two-hundred day moving average price of $51.64. 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 has a 12-month low of $23.10 and a 12-month high of $64.70. The stock has a market cap of $835.14 million, a P/E ratio of 12.42 and a beta of 2.16.

Atlanticus (NASDAQ:ATLC - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The credit services provider reported $1.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.23 by $0.19. Atlanticus had a net margin of 8.39% and a return on equity of 25.14%. The business had revenue of $353.19 million for the quarter, compared to analyst estimates of $355.02 million. As a group, equities research analysts expect that Atlanticus will post 4.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its position in shares of Atlanticus by 229.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 728 shares of the credit services provider's stock worth $41,000 after purchasing an additional 507 shares during the last quarter. FMR LLC increased its holdings in shares of Atlanticus by 393.1% in the third quarter. FMR LLC now owns 2,283 shares of the credit services provider's stock valued at $80,000 after purchasing an additional 1,820 shares during the last quarter. Globeflex Capital L P purchased a new position in Atlanticus during the fourth quarter worth approximately $119,000. SG Americas Securities LLC purchased a new position in Atlanticus during the fourth quarter worth approximately $129,000. Finally, State of Tennessee Department of Treasury acquired a new position in Atlanticus during the fourth quarter worth $143,000. Institutional investors and hedge funds own 14.15% of the company's stock.

About Atlanticus

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.