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

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

Several other hedge funds and other institutional investors also recently made changes to their positions in ATLC. Wellington Management Group LLP raised its position in shares of Atlanticus by 159.2% in the 4th quarter. Wellington Management Group LLP now owns 122,225 shares of the credit services provider's stock valued at $6,818,000 after buying an additional 75,068 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Atlanticus in the 4th quarter valued at approximately $3,828,000. Renaissance Technologies LLC increased its position in Atlanticus by 19.9% during the 4th quarter. Renaissance Technologies LLC now owns 125,558 shares of the credit services provider's stock worth $7,004,000 after purchasing an additional 20,800 shares in the last quarter. American Century Companies Inc. increased its position in Atlanticus by 60.7% during the 4th quarter. American Century Companies Inc. now owns 52,334 shares of the credit services provider's stock worth $2,919,000 after purchasing an additional 19,776 shares in the last quarter. Finally, Horizon Investment Services LLC acquired a new position in Atlanticus during the 4th quarter worth approximately $617,000. 14.15% of the stock is currently owned by institutional investors and hedge funds.

Atlanticus Trading Up 0.4%

NASDAQ ATLC traded up $0.22 on Friday, hitting $53.02. The company's stock had a trading volume of 15,150 shares, compared to its average volume of 57,559. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.59. Atlanticus Holdings Co. has a 1-year low of $24.00 and a 1-year high of $64.70. The company's 50-day moving average is $51.84 and its 200 day moving average is $53.75. The firm has a market cap of $801.98 million, a PE ratio of 11.91 and a beta of 1.85.

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 (EPS) 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 firm had revenue of $344.87 million during the quarter, compared to analysts' expectations of $347.24 million. As a group, analysts predict that Atlanticus Holdings Co. will post 4.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.