6,743 Shares in Atlanticus Holdings Co. (NASDAQ:ATLC) Bought by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP purchased a new position in Atlanticus Holdings Co. (NASDAQ:ATLC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,743 shares of the credit services provider's stock, valued at approximately $376,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wellington Management Group LLP lifted its stake in Atlanticus by 159.2% during the 4th quarter. Wellington Management Group LLP now owns 122,225 shares of the credit services provider's stock valued at $6,818,000 after acquiring an additional 75,068 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of Atlanticus during the fourth quarter valued at approximately $3,828,000. Renaissance Technologies LLC lifted its position in Atlanticus by 19.9% during the fourth quarter. Renaissance Technologies LLC now owns 125,558 shares of the credit services provider's stock valued at $7,004,000 after purchasing an additional 20,800 shares during the period. American Century Companies Inc. boosted its holdings in Atlanticus by 60.7% in the fourth 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 last quarter. Finally, Millennium Management LLC bought a new stake in Atlanticus in the 4th quarter worth approximately $987,000. 14.15% of the stock is owned by institutional investors.

Atlanticus Stock Performance

Atlanticus stock traded down $0.93 during trading on Wednesday, reaching $49.81. The company had a trading volume of 11,196 shares, compared to its average volume of 38,508. The firm has a market capitalization of $753.44 million, a price-to-earnings ratio of 11.20 and a beta of 1.85. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.59. The firm's 50-day simple moving average is $52.22 and its 200 day simple moving average is $54.16. Atlanticus Holdings Co. has a 52 week low of $24.24 and a 52 week high of $64.70.

Atlanticus (NASDAQ:ATLC - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The credit services provider reported $1.49 earnings per share for the quarter, beating analysts' consensus estimates of $1.33 by $0.16. Atlanticus had a return on equity of 25.14% and a net margin of 8.39%. The firm had revenue of $344.87 million for the quarter, compared to analysts' expectations of $347.24 million. Sell-side analysts forecast that Atlanticus Holdings Co. will post 4.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $60.00 price target (up from $52.00) on shares of Atlanticus in a report on Monday, May 12th. StockNews.com cut Atlanticus from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 9th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $62.60.

About Atlanticus

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.