Segall Bryant & Hamill LLC Invests $696,000 in Atlanticus Holdings Corporation (NASDAQ:ATLC)

Segall Bryant & Hamill LLC acquired a new position in Atlanticus Holdings Corporation (NASDAQ:ATLC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,598 shares of the credit services provider's stock, valued at approximately $696,000. Segall Bryant & Hamill LLC owned approximately 0.09% of Atlanticus at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Renaissance Technologies LLC lifted its stake in Atlanticus by 19.9% during the fourth 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 last quarter. Wellington Management Group LLP lifted its position in Atlanticus by 159.2% during the fourth quarter. Wellington Management Group LLP now owns 122,225 shares of the credit services provider's stock worth $6,818,000 after buying 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 about $3,828,000. American Century Companies Inc. raised its holdings in shares of Atlanticus by 60.7% in 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. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Atlanticus in the first quarter valued at about $2,588,000. Hedge funds and other institutional investors own 14.15% of the company's stock.

Wall Street Analyst Weigh In

ATLC has been the subject of a number of analyst reports. 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. JMP Securities boosted their price objective on Atlanticus from $72.00 to $75.00 and gave the stock a "market outperform" rating in a research report on Thursday. Finally, Wall Street Zen cut Atlanticus from a "strong-buy" rating to a "buy" rating in a report on Friday, May 9th. One equities research 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. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $62.60.

Atlanticus Price Performance

Shares of ATLC traded down $0.21 during trading hours on Monday, reaching $51.66. The stock had a trading volume of 26,078 shares, compared to its average volume of 45,919. Atlanticus Holdings Corporation has a 12 month low of $25.44 and a 12 month high of $64.70. The stock has a market capitalization of $781.62 million, a PE ratio of 9.99 and a beta of 1.83. 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's 50-day moving average is $52.54 and its two-hundred day moving average is $53.45.

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, beating analysts' consensus estimates of $1.33 by $0.16. Atlanticus had a return on equity of 24.51% and a net margin of 8.54%. The business had revenue of $344.87 million during the quarter, compared to analyst estimates of $347.24 million. Research analysts expect 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.