GAMMA Investing LLC Raises Position in Atlanticus Holdings Corporation (NASDAQ:ATLC)

GAMMA Investing LLC boosted its position in shares of Atlanticus Holdings Corporation (NASDAQ:ATLC - Free Report) by 28,426.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,417 shares of the credit services provider's stock after acquiring an additional 7,391 shares during the quarter. GAMMA Investing LLC's holdings in Atlanticus were worth $379,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ATLC. Tower Research Capital LLC TRC boosted its holdings in Atlanticus by 229.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 728 shares of the credit services provider's stock worth $41,000 after buying an additional 507 shares during the period. Globeflex Capital L P purchased a new position in Atlanticus in the fourth quarter worth about $119,000. State of Tennessee Department of Treasury bought a new position in shares of Atlanticus during the 4th quarter valued at approximately $143,000. Quantbot Technologies LP purchased a new position in Atlanticus during the fourth quarter worth $147,000. Finally, Two Sigma Advisers LP bought a new position in Atlanticus during the fourth quarter valued at $201,000. Institutional investors own 14.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ATLC. Wall Street Zen cut shares of Atlanticus from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 9th. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $60.00 price objective (up from $52.00) on shares of Atlanticus in a report on Monday, May 12th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $62.60.

Atlanticus Stock Down 0.7%

NASDAQ ATLC traded down $0.34 on Monday, hitting $50.62. 6,736 shares of the stock were exchanged, compared to its average volume of 41,055. Atlanticus Holdings Corporation has a fifty-two week low of $25.44 and a fifty-two week high of $64.70. The company has a 50-day moving average price of $52.26 and a 200-day moving average price of $53.98. The company has a market cap of $765.88 million, a PE ratio of 9.85 and a beta of 1.81. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.57.

Atlanticus (NASDAQ:ATLC - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $344.87 million for the quarter, compared to analysts' expectations of $347.24 million. Atlanticus had a net margin of 8.54% and a return on equity of 24.51%. Sell-side analysts anticipate that Atlanticus Holdings Corporation 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.