Bridgeway Capital Management LLC Purchases 9,026 Shares of Atlanticus Holdings Co. (NASDAQ:ATLC)

Bridgeway Capital Management LLC boosted its position in Atlanticus Holdings Co. (NASDAQ:ATLC - Free Report) by 48.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,614 shares of the credit services provider's stock after acquiring an additional 9,026 shares during the period. Bridgeway Capital Management LLC owned 0.19% of Atlanticus worth $1,540,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ATLC. Barclays PLC boosted its holdings in Atlanticus by 285.6% in the third quarter. Barclays PLC now owns 8,218 shares of the credit services provider's stock valued at $289,000 after acquiring an additional 6,087 shares during the last quarter. SG Americas Securities LLC bought a new position in Atlanticus in the fourth quarter valued at about $129,000. Exchange Traded Concepts LLC bought a new position in Atlanticus in the fourth quarter valued at about $280,000. Empowered Funds LLC boosted its holdings in Atlanticus by 53.2% in the fourth quarter. Empowered Funds LLC now owns 26,004 shares of the credit services provider's stock valued at $1,451,000 after acquiring an additional 9,026 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in Atlanticus by 3.2% in the fourth quarter. Rhumbline Advisers now owns 8,128 shares of the credit services provider's stock valued at $453,000 after acquiring an additional 255 shares during the last quarter. Institutional investors own 14.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ATLC. Keefe, Bruyette & Woods restated a "market perform" rating and set a $60.00 target price (up previously from $52.00) on shares of Atlanticus in a report on Monday. StockNews.com cut Atlanticus from a "strong-buy" rating to a "buy" rating in a report on Friday, May 9th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Atlanticus currently has an average rating of "Buy" and an average price target of $62.60.

Atlanticus Stock Down 0.5%

Shares of ATLC traded down $0.30 on Wednesday, hitting $57.42. The company's stock had a trading volume of 87,576 shares, compared to its average volume of 38,566. The firm's fifty day moving average price is $51.42 and its 200-day moving average price is $53.62. Atlanticus Holdings Co. has a fifty-two week low of $23.10 and a fifty-two week high of $64.70. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $868.53 million, a price-to-earnings ratio of 12.90 and a beta of 1.85.

Atlanticus (NASDAQ:ATLC - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The credit services provider reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.16. Atlanticus had a net margin of 8.39% and a return on equity of 25.14%. The company had revenue of $344.87 million during the quarter, compared to analysts' expectations of $347.24 million. On average, equities research analysts expect that Atlanticus Holdings Co. will post 4.49 EPS for the current year.

Atlanticus 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.