Dimensional Fund Advisors LP Sells 6,769 Shares of Atlanticus Holdings Co. (NASDAQ:ATLC)

Dimensional Fund Advisors LP lowered its stake in Atlanticus Holdings Co. (NASDAQ:ATLC - Free Report) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 611,359 shares of the credit services provider's stock after selling 6,769 shares during the period. Dimensional Fund Advisors LP owned 4.15% of Atlanticus worth $34,103,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ATLC. Globeflex Capital L P bought a new stake in Atlanticus during the 4th quarter worth $119,000. SG Americas Securities LLC acquired a new stake in shares of Atlanticus during the fourth quarter valued at about $129,000. Quantbot Technologies LP bought a new stake in shares of Atlanticus during the fourth quarter worth about $147,000. Semanteon Capital Management LP acquired a new position in shares of Atlanticus in the fourth quarter valued at approximately $210,000. Finally, Marshall Wace LLP bought a new position in Atlanticus in the 4th quarter valued at approximately $233,000. Institutional investors own 14.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ATLC shares. StockNews.com lowered shares of Atlanticus from a "strong-buy" rating to a "buy" rating in a report on Friday. Keefe, Bruyette & Woods restated 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. One research 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 stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $61.00.

Atlanticus Trading Down 1.6 %

Shares of NASDAQ:ATLC traded down $0.91 during trading on Friday, reaching $54.87. The stock had a trading volume of 39,636 shares, compared to its average volume of 37,940. Atlanticus Holdings Co. has a 52 week low of $23.10 and a 52 week high of $64.70. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.44 and a current ratio of 1.44. The firm's fifty day moving average is $51.02 and its 200 day moving average is $53.33. The stock has a market cap of $829.25 million, a price-to-earnings ratio of 12.33 and a beta of 1.85.

Atlanticus (NASDAQ:ATLC - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The credit services provider reported $1.49 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.16. Atlanticus had a net margin of 8.39% and a return on equity of 25.14%. The business had revenue of $344.87 million for the quarter, compared to analysts' expectations of $347.24 million. As a group, equities analysts forecast that Atlanticus Holdings Co. will post 4.49 EPS for the current fiscal 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.