Millennium Management LLC Buys Shares of 17,691 Atlanticus Holdings Co. (NASDAQ:ATLC)

Millennium Management LLC bought a new position in Atlanticus Holdings Co. (NASDAQ:ATLC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 17,691 shares of the credit services provider's stock, valued at approximately $987,000. Millennium Management LLC owned 0.12% of Atlanticus as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Atlanticus in the 4th quarter worth approximately $129,000. Empowered Funds LLC raised its holdings in Atlanticus by 53.2% in the 4th quarter. Empowered Funds LLC now owns 26,004 shares of the credit services provider's stock worth $1,451,000 after purchasing an additional 9,026 shares in the last quarter. Rhumbline Advisers raised its stake in Atlanticus by 3.2% in the fourth quarter. Rhumbline Advisers now owns 8,128 shares of the credit services provider's stock worth $453,000 after buying an additional 255 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of Atlanticus by 19.2% during the fourth quarter. New York State Common Retirement Fund now owns 7,454 shares of the credit services provider's stock valued at $416,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Denali Advisors LLC bought a new stake in shares of Atlanticus during the 4th quarter valued at $399,000. 14.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on ATLC. Keefe, Bruyette & Woods restated a "market perform" rating and set a $60.00 price objective (up previously from $52.00) on shares of Atlanticus in a research report on Monday, May 12th. Wall Street Zen cut shares of Atlanticus from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 9th. One research 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. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $62.60.

Atlanticus Trading Up 0.6%

Atlanticus stock traded up $0.30 during mid-day trading on Monday, hitting $51.91. The company's stock had a trading volume of 77,365 shares, compared to its average volume of 39,649. 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 company has a 50 day moving average of $51.75 and a 200-day moving average of $54.50. Atlanticus Holdings Co. has a one year low of $25.44 and a one year high of $64.70. The stock has a market cap of $785.19 million, a PE ratio of 11.67 and a beta of 1.81.

Atlanticus (NASDAQ:ATLC - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The credit services provider reported $1.49 EPS for the quarter, topping 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 firm had revenue of $344.87 million for the quarter, compared to analysts' expectations of $347.24 million. On average, research analysts anticipate that Atlanticus Holdings Co. 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.