Dimensional Fund Advisors LP decreased its stake in shares of Atlanticus Holdings Co. (NASDAQ:ATLC - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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.
Other hedge funds have also recently added to or reduced their stakes in the company. Globeflex Capital L P acquired a new position in shares of Atlanticus during the fourth quarter worth approximately $119,000. SG Americas Securities LLC acquired a new position in Atlanticus during the 4th quarter worth $129,000. Quantbot Technologies LP bought a new position in Atlanticus in the 4th quarter valued at $147,000. Semanteon Capital Management LP acquired a new stake in shares of Atlanticus in the 4th quarter valued at $210,000. Finally, Marshall Wace LLP bought a new stake in shares of Atlanticus during the fourth quarter worth $233,000. Institutional investors own 14.15% of the company's stock.
Atlanticus Trading Up 2.9 %
NASDAQ:ATLC opened at $55.35 on Monday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.59. Atlanticus Holdings Co. has a 1-year low of $23.10 and a 1-year high of $64.70. The firm has a market capitalization of $836.50 million, a price-to-earnings ratio of 12.44 and a beta of 1.85. The business's 50-day moving average price is $50.80 and its two-hundred day moving average price is $52.82.
Atlanticus (NASDAQ:ATLC - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The credit services provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.19. The business had revenue of $353.19 million for the quarter, compared to analyst estimates of $355.02 million. Atlanticus had a net margin of 8.39% and a return on equity of 25.14%. On average, equities analysts expect that Atlanticus Holdings Co. will post 4.49 earnings per share for the current year.
Analyst Upgrades and Downgrades
ATLC has been the subject of a number of research reports. B. Riley upgraded Atlanticus to a "strong-buy" rating in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $52.00 price target (up previously from $45.00) on shares of Atlanticus in a research report on Monday, March 17th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Atlanticus presently has an average rating of "Buy" and an average target price of $61.00.
Check Out Our Latest Stock Analysis on Atlanticus
About Atlanticus
(
Free Report)
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.
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