Occudo Quantitative Strategies LP Makes New $376,000 Investment in Atlanticus Holdings Co. (NASDAQ:ATLC)

Occudo Quantitative Strategies LP bought a new position in shares of Atlanticus Holdings Co. (NASDAQ:ATLC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 6,743 shares of the credit services provider's stock, valued at approximately $376,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Barclays PLC increased its position in shares of Atlanticus by 285.6% during the 3rd quarter. Barclays PLC now owns 8,218 shares of the credit services provider's stock valued at $289,000 after purchasing an additional 6,087 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Atlanticus during the 4th quarter valued at about $3,828,000. Horizon Investment Services LLC bought a new stake in Atlanticus in the 4th quarter worth approximately $617,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Atlanticus in the 4th quarter worth approximately $425,000. Finally, Wellington Management Group LLP increased its stake in 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. 14.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ATLC shares. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $60.00 target price (up from $52.00) on shares of Atlanticus in a research note on Monday. 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 issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $62.60.

Atlanticus Stock Performance

NASDAQ:ATLC opened at $52.80 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.59. Atlanticus Holdings Co. has a 12-month low of $23.10 and a 12-month high of $64.70. The stock has a 50-day moving average price of $51.84 and a 200 day moving average price of $53.75. The stock has a market capitalization of $798.65 million, a P/E ratio of 11.87 and a beta of 1.85.

Atlanticus (NASDAQ:ATLC - Get Free Report) last released its earnings results on Thursday, May 8th. The credit services provider reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $347.24 million. Equities research analysts forecast that Atlanticus Holdings Co. 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.

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