Segall Bryant & Hamill LLC Makes New Investment in Atlanticus Holdings Corporation (NASDAQ:ATLC)

Segall Bryant & Hamill LLC purchased a new stake in Atlanticus Holdings Corporation (NASDAQ:ATLC - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund purchased 13,598 shares of the credit services provider's stock, valued at approximately $696,000. Segall Bryant & Hamill LLC owned about 0.09% of Atlanticus as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Wellington Management Group LLP boosted its holdings in shares of Atlanticus by 159.2% in the 4th quarter. Wellington Management Group LLP now owns 122,225 shares of the credit services provider's stock worth $6,818,000 after purchasing an additional 75,068 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of Atlanticus in the 4th quarter worth approximately $3,828,000. Janney Montgomery Scott LLC purchased a new position in shares of Atlanticus during the 1st quarter worth about $2,588,000. Renaissance Technologies LLC boosted its stake in shares of Atlanticus by 19.9% during the 4th quarter. Renaissance Technologies LLC now owns 125,558 shares of the credit services provider's stock worth $7,004,000 after purchasing an additional 20,800 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of 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 purchasing an additional 19,776 shares during the period. 14.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ATLC has been the subject of a number of recent analyst reports. JMP Securities lifted their price target on shares of Atlanticus from $72.00 to $75.00 and gave the stock a "market outperform" rating in a research note on Thursday, July 17th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $60.00 price target (up from $52.00) on shares of Atlanticus in a research note on Monday, May 12th. Finally, 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 investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $62.60.

Atlanticus Stock Up 2.0%

NASDAQ ATLC traded up $1.02 on Wednesday, reaching $52.92. 92,932 shares of the stock traded hands, compared to its average volume of 46,420. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.42 and a current ratio of 1.42. The company has a fifty day moving average price of $52.31 and a 200-day moving average price of $53.41. The company has a market cap of $800.68 million, a price-to-earnings ratio of 10.24 and a beta of 1.83. 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 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.16. Atlanticus had a net margin of 8.54% and a return on equity of 24.51%. The firm had revenue of $344.87 million during the quarter, compared to analysts' expectations of $347.24 million. As a group, research analysts forecast that Atlanticus Holdings Corporation will post 4.49 EPS for the current fiscal 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.