Atlanticus Holdings Co. (NASDAQ:ATLC) Major Shareholder Purchases $7,431,416.72 in Stock

Atlanticus Holdings Co. (NASDAQ:ATLC - Get Free Report) major shareholder Frank J. Hanna III bought 263,432 shares of Atlanticus stock in a transaction dated Tuesday, April 9th. The stock was acquired at an average cost of $28.21 per share, for a total transaction of $7,431,416.72. Following the purchase, the insider now directly owns 263,432 shares in the company, valued at approximately $7,431,416.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Atlanticus Stock Down 0.8 %

ATLC stock traded down $0.21 during mid-day trading on Thursday, hitting $27.45. 7,864 shares of the company were exchanged, compared to its average volume of 12,008. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.38 and a current ratio of 1.38. Atlanticus Holdings Co. has a 1-year low of $26.26 and a 1-year high of $43.70. The firm has a market cap of $401.04 million, a P/E ratio of 6.49 and a beta of 1.84. The firm's 50 day simple moving average is $31.14 and its 200 day simple moving average is $32.05.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.96 by $0.14. Atlanticus had a net margin of 8.90% and a return on equity of 27.93%. The company had revenue of $309.09 million for the quarter, compared to the consensus estimate of $304.68 million. On average, sell-side analysts predict that Atlanticus Holdings Co. will post 4.85 EPS for the current fiscal year.

Institutional Trading of Atlanticus

Hedge funds and other institutional investors have recently made changes to their positions in the business. Captrust Financial Advisors acquired a new stake in shares of Atlanticus in the first quarter valued at approximately $29,000. Quantbot Technologies LP bought a new position in shares of Atlanticus in the first quarter valued at $32,000. DekaBank Deutsche Girozentrale bought a new position in shares of Atlanticus in the third quarter valued at $30,000. Barclays PLC grew its stake in shares of Atlanticus by 184.4% in the fourth quarter. Barclays PLC now owns 1,132 shares of the credit services provider's stock valued at $29,000 after buying an additional 734 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Atlanticus by 499.5% in the third quarter. Tower Research Capital LLC TRC now owns 1,157 shares of the credit services provider's stock valued at $30,000 after buying an additional 964 shares in the last quarter. 14.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ATLC has been the topic of a number of analyst reports. StockNews.com downgraded shares of Atlanticus from a "strong-buy" rating to a "buy" rating in a research report on Wednesday. JMP Securities restated a "market outperform" rating and set a $37.00 target price on shares of Atlanticus in a report on Tuesday, March 5th.

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.