Atlanticus (NASDAQ:ATLC) Price Target Raised to $70.00 at B. Riley

Atlanticus (NASDAQ:ATLC) had its price objective hoisted by B. Riley from $50.00 to $70.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a buy rating on the credit services provider’s stock.

ATLC has been the subject of a number of other reports. JMP Securities raised their price target on shares of Atlanticus from $45.00 to $54.00 and gave the company a “market outperform” rating in a report on Wednesday, November 13th. Stephens assumed coverage on shares of Atlanticus in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $54.00 price objective for the company. BTIG Research lifted their target price on Atlanticus from $45.00 to $54.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, StockNews.com raised Atlanticus from a “buy” rating to a “strong-buy” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Atlanticus presently has a consensus rating of “Buy” and a consensus target price of $53.00.

Atlanticus Trading Up 1.6 %

NASDAQ:ATLC opened at $55.16 on Thursday. The business’s 50-day moving average is $38.83 and its two-hundred day moving average is $33.24. The firm has a market capitalization of $813.06 million, a PE ratio of 12.40 and a beta of 1.92. Atlanticus has a 12 month low of $23.09 and a 12 month high of $56.42. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.44 and a quick ratio of 1.44.

Atlanticus (NASDAQ:ATLC) last released its quarterly earnings results on Thursday, November 7th. The credit services provider reported $1.27 EPS for the quarter, topping the consensus estimate of $1.23 by $0.04. Atlanticus had a return on equity of 25.14% and a net margin of 8.39%. The firm had revenue of $351.22 million for the quarter, compared to analyst estimates of $326.64 million. Research analysts predict that Atlanticus will post 4.41 earnings per share for the current fiscal year.

Insider Transactions at Atlanticus

In other Atlanticus news, Director Deal W. Hudson sold 1,200 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $32.75, for a total transaction of $39,300.00. Following the sale, the director now owns 67,455 shares in the company, valued at $2,209,151.25. This represents a 1.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Denise M. Harrod sold 1,141 shares of Atlanticus stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $49.00, for a total value of $55,909.00. Following the completion of the transaction, the director now owns 5,659 shares of the company’s stock, valued at approximately $277,291. The trade was a 16.78 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,204 shares of company stock valued at $1,080,197. Insiders own 51.80% of the company’s stock.

Institutional Trading of Atlanticus

A number of institutional investors and hedge funds have recently modified their holdings of ATLC. Rhumbline Advisers boosted its holdings in shares of Atlanticus by 9.3% in the 2nd quarter. Rhumbline Advisers now owns 8,127 shares of the credit services provider’s stock valued at $229,000 after buying an additional 690 shares during the period. Squarepoint Ops LLC raised its stake in Atlanticus by 9.3% during the second quarter. Squarepoint Ops LLC now owns 8,310 shares of the credit services provider’s stock worth $234,000 after acquiring an additional 704 shares during the period. Empowered Funds LLC lifted its holdings in Atlanticus by 5.0% in the third quarter. Empowered Funds LLC now owns 16,978 shares of the credit services provider’s stock worth $596,000 after acquiring an additional 804 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Atlanticus by 65.5% in the first quarter. BNP Paribas Financial Markets now owns 2,324 shares of the credit services provider’s stock valued at $69,000 after acquiring an additional 920 shares during the period. Finally, FMR LLC grew its holdings in shares of Atlanticus by 393.1% during the third quarter. FMR LLC now owns 2,283 shares of the credit services provider’s stock valued at $80,000 after purchasing an additional 1,820 shares during the last quarter. 14.15% of the stock is owned by institutional investors and hedge funds.

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.