Analysts Set Atlanticus Holdings Co. (NASDAQ:ATLC) PT at $61.00

Shares of Atlanticus Holdings Co. (NASDAQ:ATLC) have been assigned an average rating of “Buy” from the five research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $61.00.

A number of brokerages have weighed in on ATLC. B. Riley raised Atlanticus to a “strong-buy” rating in a report on Tuesday, January 7th. JMP Securities raised their price objective on Atlanticus from $54.00 to $75.00 and gave the company a “market outperform” rating in a research note on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $52.00 target price (up previously from $45.00) on shares of Atlanticus in a research report on Monday, March 17th.

Hedge Funds Weigh In On Atlanticus

Several large investors have recently bought and sold shares of ATLC. FMR LLC raised its position 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 worth $80,000 after acquiring an additional 1,820 shares during the last quarter. MetLife Investment Management LLC increased its position in Atlanticus by 158.8% during the 3rd quarter. MetLife Investment Management LLC now owns 2,971 shares of the credit services provider’s stock valued at $104,000 after purchasing an additional 1,823 shares during the period. State Street Corp raised its holdings in Atlanticus by 2.4% during the 3rd quarter. State Street Corp now owns 93,431 shares of the credit services provider’s stock worth $3,278,000 after purchasing an additional 2,212 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of Atlanticus in the 3rd quarter worth approximately $1,654,000. Finally, Jane Street Group LLC bought a new stake in shares of Atlanticus in the 3rd quarter valued at $313,000. 14.15% of the stock is currently owned by institutional investors.

Atlanticus Trading Down 2.3 %

ATLC opened at $51.78 on Wednesday. The stock has a market capitalization of $782.65 million, a price-to-earnings ratio of 11.64 and a beta of 2.16. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.59. Atlanticus has a twelve month low of $23.10 and a twelve month high of $64.70. The company has a 50-day simple moving average of $54.46 and a 200 day simple moving average of $49.67.

Atlanticus (NASDAQ:ATLC) last issued its quarterly earnings results on Thursday, March 13th. The credit services provider reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.19. The company had revenue of $353.19 million during the quarter, compared to the consensus estimate of $355.02 million. Atlanticus had a net margin of 8.39% and a return on equity of 25.14%. Analysts predict that Atlanticus 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.