Denali Advisors LLC Buys New Position in Atlanticus Holdings Co. (NASDAQ:ATLC)

Denali Advisors LLC acquired a new stake in Atlanticus Holdings Co. (NASDAQ:ATLC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,152 shares of the credit services provider’s stock, valued at approximately $399,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Jane Street Group LLC acquired a new stake in Atlanticus in the third quarter valued at $313,000. Wellington Management Group LLP bought a new position in Atlanticus in the 3rd quarter worth approximately $1,654,000. 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. Geode Capital Management LLC increased its stake in shares of Atlanticus by 2.0% in the third quarter. Geode Capital Management LLC now owns 122,501 shares of the credit services provider’s stock worth $4,298,000 after buying an additional 2,348 shares during the period. Finally, Exchange Traded Concepts LLC bought a new position in Atlanticus in the 4th quarter worth $280,000. Institutional investors and hedge funds own 14.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ATLC shares. B. Riley raised Atlanticus to a “strong-buy” rating in a research report on Tuesday, January 7th. JMP Securities boosted their price objective on Atlanticus from $54.00 to $75.00 and gave the company a “market outperform” rating in a report on Tuesday, December 3rd. Stephens assumed coverage on Atlanticus in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $54.00 target price on the stock. Finally, BTIG Research raised their price target on Atlanticus from $45.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $57.20.

Atlanticus Stock Performance

Shares of ATLC stock opened at $54.70 on Friday. Atlanticus Holdings Co. has a 12-month low of $23.09 and a 12-month high of $64.70. The firm has a market capitalization of $806.28 million, a price-to-earnings ratio of 12.29 and a beta of 2.10. The business has a 50 day simple moving average of $57.63 and a 200 day simple moving average of $47.11. 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 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.