Atlanticus Holdings Co. (NASDAQ:ATLC) Given Average Rating of “Buy” by Analysts

Atlanticus Holdings Co. (NASDAQ:ATLC) has been given an average rating of “Buy” by the five brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $57.20.

ATLC has been the subject of several research analyst reports. Stephens initiated coverage on shares of Atlanticus in a report on Wednesday, November 13th. They issued an “overweight” rating and a $54.00 price objective for the company. B. Riley upgraded shares of Atlanticus to a “strong-buy” rating in a report on Tuesday, January 7th. BTIG Research raised their price objective on shares of Atlanticus from $45.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, JMP Securities raised their price objective on shares of Atlanticus from $54.00 to $75.00 and gave the stock a “market outperform” rating in a report on Tuesday, December 3rd.

Atlanticus Stock Performance

Atlanticus stock opened at $49.42 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 has a 1-year low of $23.09 and a 1-year high of $64.70. The firm has a 50-day moving average of $57.09 and a 200-day moving average of $47.72. The firm has a market cap of $728.40 million, a P/E ratio of 11.11 and a beta of 2.16.

Hedge Funds Weigh In On Atlanticus

Several large investors have recently made changes to their positions in ATLC. Wellington Management Group LLP lifted its holdings in shares of Atlanticus by 159.2% during the fourth quarter. Wellington Management Group LLP now owns 122,225 shares of the credit services provider’s stock valued at $6,818,000 after purchasing an additional 75,068 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Atlanticus during the fourth quarter valued at approximately $3,828,000. Renaissance Technologies LLC increased its position in shares of Atlanticus by 19.9% during the fourth quarter. Renaissance Technologies LLC now owns 125,558 shares of the credit services provider’s stock valued at $7,004,000 after acquiring an additional 20,800 shares in the last quarter. American Century Companies Inc. increased its position in shares of Atlanticus by 60.7% during the fourth quarter. American Century Companies Inc. now owns 52,334 shares of the credit services provider’s stock valued at $2,919,000 after acquiring an additional 19,776 shares in the last quarter. Finally, Millennium Management LLC bought a new stake in shares of Atlanticus during the fourth quarter valued at approximately $987,000. 14.15% of the stock is currently owned by hedge funds and other institutional investors.

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.