Atlanticus Holdings Corporation (NASDAQ:ATLC) Receives $62.60 Average PT from Analysts

Atlanticus Holdings Corporation (NASDAQ:ATLC - Get Free Report) has been assigned an average rating of "Buy" from the five ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $62.60.

A number of equities research analysts have weighed in on the company. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $60.00 price objective (up previously from $52.00) on shares of Atlanticus in a report on Monday, May 12th. Wall Street Zen cut Atlanticus from a "strong-buy" rating to a "buy" rating in a report on Friday, May 9th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers grew its holdings in shares of Atlanticus by 3.2% in the 4th quarter. Rhumbline Advisers now owns 8,128 shares of the credit services provider's stock worth $453,000 after acquiring an additional 255 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Atlanticus during the fourth quarter worth $425,000. Globeflex Capital L P acquired a new stake in Atlanticus in the fourth quarter valued at $119,000. Semanteon Capital Management LP purchased a new position in shares of Atlanticus in the fourth quarter valued at $210,000. Finally, Quantbot Technologies LP acquired a new position in shares of Atlanticus during the 4th quarter worth $147,000. 14.15% of the stock is owned by hedge funds and other institutional investors.

Atlanticus Stock Performance

Shares of NASDAQ ATLC traded up $0.73 during mid-day trading on Friday, hitting $57.64. 30,707 shares of the company were exchanged, compared to its average volume of 42,683. The stock has a 50 day simple moving average of $52.38 and a 200-day simple moving average of $53.61. Atlanticus has a 1-year low of $25.44 and a 1-year high of $64.70. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.57. The firm has a market cap of $872.09 million, a price-to-earnings ratio of 11.15 and a beta of 1.83.

Atlanticus (NASDAQ:ATLC - Get Free Report) last released its earnings results on Thursday, May 8th. The credit services provider reported $1.49 EPS for the quarter, topping the consensus estimate of $1.33 by $0.16. Atlanticus had a net margin of 8.54% and a return on equity of 24.51%. The company had revenue of $344.87 million during the quarter, compared to analysts' expectations of $347.24 million. On average, sell-side analysts forecast that Atlanticus will post 4.49 EPS for the current fiscal 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.