Los Angeles Capital Management LLC Sells 3,495 Shares of Atlanticus Holdings Co. (NASDAQ:ATLC)

Los Angeles Capital Management LLC decreased its position in shares of Atlanticus Holdings Co. (NASDAQ:ATLC) by 11.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,377 shares of the credit services provider’s stock after selling 3,495 shares during the quarter. Los Angeles Capital Management LLC owned about 0.19% of Atlanticus worth $995,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Atlanticus by 1.0% during the first quarter. Vanguard Group Inc. now owns 258,689 shares of the credit services provider’s stock worth $7,655,000 after buying an additional 2,453 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Atlanticus by 7.5% in the 1st quarter. Empowered Funds LLC now owns 15,094 shares of the credit services provider’s stock worth $447,000 after acquiring an additional 1,050 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Atlanticus by 65.5% in the 1st 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 in the last quarter. Squarepoint Ops LLC boosted its stake in Atlanticus by 9.3% during the 2nd quarter. Squarepoint Ops LLC now owns 8,310 shares of the credit services provider’s stock valued at $234,000 after purchasing an additional 704 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in Atlanticus by 9.3% during the 2nd quarter. Rhumbline Advisers now owns 8,127 shares of the credit services provider’s stock worth $229,000 after purchasing an additional 690 shares in the last quarter. 14.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ATLC has been the topic of a number of recent research reports. JMP Securities raised their target price on Atlanticus from $45.00 to $54.00 and gave the company a “market outperform” rating in a report on Wednesday. Stephens started coverage on shares of Atlanticus in a report on Wednesday. They set an “overweight” rating and a $54.00 price objective on the stock. BTIG Research increased their target price on shares of Atlanticus from $45.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday. Finally, StockNews.com upgraded shares of 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, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Atlanticus has an average rating of “Buy” and an average price target of $48.75.

Atlanticus Trading Down 1.3 %

NASDAQ ATLC opened at $48.58 on Friday. The business’s fifty day moving average is $36.69 and its 200-day moving average is $32.32. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.44 and a quick ratio of 1.43. The stock has a market capitalization of $716.07 million, a price-to-earnings ratio of 10.92 and a beta of 1.92. Atlanticus Holdings Co. has a one year low of $23.09 and a one year high of $49.53.

Atlanticus (NASDAQ:ATLC) last announced its quarterly earnings data 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 net margin of 8.39% and a return on equity of 25.14%. The business had revenue of $351.22 million for the quarter, compared to analyst estimates of $326.64 million. Equities research analysts predict that Atlanticus Holdings Co. will post 4.51 EPS for the current year.

Insider Buying and Selling at Atlanticus

In other Atlanticus news, Director Deal W. Hudson sold 2,500 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $31.35, for a total transaction of $78,375.00. Following the sale, the director now directly owns 64,955 shares of the company’s stock, valued at $2,036,339.25. This represents a 3.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 51.80% of the stock is owned by corporate insiders.

Atlanticus 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.