JMP Securities Issues Positive Forecast for Atlanticus (NASDAQ:ATLC) Stock Price

Atlanticus (NASDAQ:ATLC - Free Report) had its target price upped by JMP Securities from $72.00 to $75.00 in a research note released on Thursday morning,Benzinga reports. JMP Securities currently has a market outperform rating on the credit services provider's stock.

Several other research analysts have also recently commented on the stock. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $60.00 price target (up previously from $52.00) on shares of Atlanticus in a report on Monday, May 12th. Wall Street Zen downgraded shares of Atlanticus from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 9th. One 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. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $62.60.

Atlanticus Price Performance

Shares of NASDAQ:ATLC traded down $1.53 during midday trading on Thursday, hitting $51.87. The company's stock had a trading volume of 49,752 shares, compared to its average volume of 45,998. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.42 and a current ratio of 1.42. The business's 50 day simple moving average is $52.54 and its 200 day simple moving average is $53.45. Atlanticus has a 12-month low of $25.44 and a 12-month high of $64.70. The company has a market cap of $784.79 million, a P/E ratio of 10.03 and a beta of 1.83.

Atlanticus (NASDAQ:ATLC - Get Free Report) last announced 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. The business had revenue of $344.87 million during the quarter, compared to analysts' expectations of $347.24 million. Atlanticus had a net margin of 8.54% and a return on equity of 24.51%. On average, analysts forecast that Atlanticus will post 4.49 EPS for the current year.

Institutional Investors Weigh In On Atlanticus

Large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new position in shares of Atlanticus in the second quarter valued at $106,000. Voya Investment Management LLC grew its holdings in shares of Atlanticus by 56.4% during the first quarter. Voya Investment Management LLC now owns 8,590 shares of the credit services provider's stock worth $439,000 after purchasing an additional 3,098 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Atlanticus by 47.3% during the first quarter. Empowered Funds LLC now owns 38,312 shares of the credit services provider's stock worth $1,960,000 after purchasing an additional 12,308 shares during the last quarter. Jones Financial Companies Lllp bought a new position in Atlanticus in the first quarter valued at about $71,000. Finally, Jacobs Levy Equity Management Inc. bought a new position in Atlanticus in the first quarter valued at about $1,666,000. 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.