Atlanticus Holdings Corporation (NASDAQ:ATLC) Holdings Boosted by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in shares of Atlanticus Holdings Corporation (NASDAQ:ATLC - Free Report) by 28,426.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,417 shares of the credit services provider's stock after buying 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 quarter.

Several other large investors also recently made changes to their positions in ATLC. Renaissance Technologies LLC boosted its holdings in Atlanticus by 19.9% in the 4th quarter. Renaissance Technologies LLC now owns 125,558 shares of the credit services provider's stock worth $7,004,000 after acquiring an additional 20,800 shares during the period. Wellington Management Group LLP boosted its stake in shares of Atlanticus by 159.2% in the fourth quarter. Wellington Management Group LLP now owns 122,225 shares of the credit services provider's stock valued at $6,818,000 after purchasing an additional 75,068 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in Atlanticus during the 4th quarter valued at $3,828,000. American Century Companies Inc. increased its stake 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 buying an additional 19,776 shares during the period. Finally, Bridgeway Capital Management LLC lifted its holdings in Atlanticus by 48.6% in the 4th quarter. Bridgeway Capital Management LLC now owns 27,614 shares of the credit services provider's stock worth $1,540,000 after buying an additional 9,026 shares in the last quarter. Institutional investors and hedge funds own 14.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $60.00 target price (up from $52.00) on shares of Atlanticus in a research report on Monday, May 12th. Wall Street Zen lowered 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 given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $62.60.

Atlanticus Stock Up 1.7%

NASDAQ:ATLC traded up $0.84 during mid-day trading on Tuesday, reaching $51.51. The stock had a trading volume of 58,861 shares, compared to its average volume of 41,361. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market capitalization of $779.35 million, a price-to-earnings ratio of 9.96 and a beta of 1.81. Atlanticus Holdings Corporation has a 1-year low of $25.44 and a 1-year high of $64.70. The stock's 50 day simple moving average is $52.21 and its two-hundred day simple moving average is $53.89.

Atlanticus (NASDAQ:ATLC - Get Free Report) last issued its 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 company had revenue of $344.87 million during 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%. Equities analysts anticipate that Atlanticus Holdings Corporation will post 4.49 EPS for the current year.

Atlanticus Company 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.