Millennium Management LLC Takes Position in Atlanticus Holdings Co. (NASDAQ:ATLC)

Millennium Management LLC bought a new stake in Atlanticus Holdings Co. (NASDAQ:ATLC - Free Report) during the 4th quarter, according to its most recent 13F filing 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 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ATLC. Tower Research Capital LLC TRC lifted its stake in shares of Atlanticus by 229.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 728 shares of the credit services provider's stock valued at $41,000 after buying an additional 507 shares in the last quarter. Globeflex Capital L P bought a new stake in Atlanticus during the 4th quarter valued at $119,000. SG Americas Securities LLC purchased a new stake in shares of Atlanticus during the fourth quarter worth $129,000. State of Tennessee Department of Treasury bought a new position in shares of Atlanticus in the fourth quarter worth $143,000. Finally, Quantbot Technologies LP bought a new position in shares of Atlanticus in the fourth quarter worth $147,000. Hedge funds and other institutional investors own 14.15% of the company's stock.

Atlanticus Price Performance

Shares of Atlanticus stock traded up $2.38 during trading on Friday, hitting $51.61. The stock had a trading volume of 40,667 shares, compared to its average volume of 39,497. 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 12 month low of $25.44 and a 12 month high of $64.70. The firm has a market cap of $780.65 million, a price-to-earnings ratio of 11.60 and a beta of 1.81. The business's 50-day moving average is $51.75 and its 200 day moving average is $54.50.

Atlanticus (NASDAQ:ATLC - Get Free Report) last posted 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. Atlanticus had a return on equity of 25.14% and a net margin of 8.39%. The business had revenue of $344.87 million during the quarter, compared to analysts' expectations of $347.24 million. As a group, sell-side analysts anticipate that Atlanticus Holdings Co. will post 4.49 earnings per share for the current year.

Analysts Set New Price Targets

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

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.