B. Riley Equities Analysts Boost Earnings Estimates for Atlanticus Holdings Co. (NASDAQ:ATLC)

Atlanticus Holdings Co. (NASDAQ:ATLC - Free Report) - Equities research analysts at B. Riley increased their Q4 2024 earnings estimates for Atlanticus in a research report issued to clients and investors on Thursday, April 4th. B. Riley analyst M. Howlett now anticipates that the credit services provider will earn $1.48 per share for the quarter, up from their previous forecast of $1.47. The consensus estimate for Atlanticus' current full-year earnings is $4.99 per share. B. Riley also issued estimates for Atlanticus' Q3 2025 earnings at $1.82 EPS and FY2025 earnings at $7.00 EPS.

Other equities research analysts also recently issued reports about the stock. StockNews.com raised shares of Atlanticus from a "buy" rating to a "strong-buy" rating in a report on Tuesday. JMP Securities reissued a "market outperform" rating and issued a $37.00 price target on shares of Atlanticus in a report on Tuesday, March 5th.

Atlanticus Price Performance

ATLC stock traded down $0.01 during trading on Friday, hitting $28.85. The company had a trading volume of 15,611 shares, compared to its average volume of 12,202. Atlanticus has a fifty-two week low of $26.30 and a fifty-two week high of $43.70. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $421.50 million, a price-to-earnings ratio of 6.97 and a beta of 1.84. The business has a 50 day moving average of $31.90 and a 200 day moving average of $32.09.

Atlanticus (NASDAQ:ATLC - Get Free Report) last posted its quarterly earnings data on Monday, March 4th. The credit services provider reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.14. The business had revenue of $309.09 million during the quarter, compared to the consensus estimate of $304.68 million. Atlanticus had a net margin of 8.90% and a return on equity of 27.93%.

Institutional Trading of Atlanticus

Institutional investors and hedge funds have recently bought and sold shares of the stock. Swiss National Bank increased its holdings in shares of Atlanticus by 16.5% in the 3rd quarter. Swiss National Bank now owns 12,700 shares of the credit services provider's stock valued at $385,000 after purchasing an additional 1,800 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in shares of Atlanticus in the 3rd quarter valued at about $30,000. Simplicity Solutions LLC increased its holdings in shares of Atlanticus by 10.5% in the 3rd quarter. Simplicity Solutions LLC now owns 10,760 shares of the credit services provider's stock valued at $326,000 after purchasing an additional 1,024 shares during the period. O Shaughnessy Asset Management LLC acquired a new position in shares of Atlanticus in the 3rd quarter valued at about $282,000. Finally, Barclays PLC increased its holdings in shares of Atlanticus by 23.8% in the 3rd quarter. Barclays PLC now owns 2,263 shares of the credit services provider's stock valued at $68,000 after purchasing an additional 435 shares during the period. Institutional investors and hedge funds own 14.15% of the company's stock.

Insiders Place Their Bets

In other Atlanticus news, Director Deal W. Hudson sold 2,000 shares of the business's stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $30.50, for a total transaction of $61,000.00. Following the sale, the director now owns 69,855 shares in the company, valued at approximately $2,130,577.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 52.40% of the company's stock.

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.