Allspring Global Investments Holdings LLC Buys New Stake in Atlanticus Holdings Corporation (NASDAQ:ATLC)

Allspring Global Investments Holdings LLC purchased a new stake in Atlanticus Holdings Corporation (NASDAQ:ATLC - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,587 shares of the credit services provider's stock, valued at approximately $387,000. Allspring Global Investments Holdings LLC owned approximately 0.05% of Atlanticus at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Tower Research Capital LLC TRC increased its position in shares of Atlanticus by 229.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 728 shares of the credit services provider's stock worth $41,000 after purchasing an additional 507 shares in the last quarter. Globeflex Capital L P acquired a new position in Atlanticus in the 4th quarter valued at about $119,000. State of Tennessee Department of Treasury acquired a new position in Atlanticus during the 4th quarter worth approximately $143,000. Quantbot Technologies LP acquired a new position in Atlanticus during the 4th quarter worth approximately $147,000. Finally, Two Sigma Advisers LP acquired a new position in Atlanticus during the 4th quarter worth approximately $201,000. 14.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $60.00 target price (up previously from $52.00) on shares of Atlanticus in a research report on Monday, May 12th. Wall Street Zen cut Atlanticus from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 9th. One investment 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. Based on data from MarketBeat, Atlanticus has a consensus rating of "Buy" and an average price target of $62.60.

Atlanticus Price Performance

Shares of NASDAQ:ATLC traded down $0.27 during trading on Monday, hitting $55.40. 173,388 shares of the stock were exchanged, compared to its average volume of 45,202. The company has a fifty day moving average price of $52.68 and a two-hundred day moving average price of $53.54. The company has a market cap of $838.20 million, a PE ratio of 10.72 and a beta of 1.83. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.57. Atlanticus Holdings Corporation has a 12-month low of $25.44 and a 12-month high of $64.70.

Atlanticus (NASDAQ:ATLC - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The credit services provider reported $1.49 EPS for the quarter, topping the consensus estimate of $1.33 by $0.16. The business had revenue of $344.87 million for the quarter, compared to analyst estimates of $347.24 million. Atlanticus had a return on equity of 24.51% and a net margin of 8.54%. On average, analysts forecast that Atlanticus Holdings Corporation 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.