Atlanticus (NASDAQ:ATLC) Given New $90.00 Price Target at B. Riley

Atlanticus (NASDAQ:ATLC) had its target price lifted by B. Riley from $70.00 to $90.00 in a research note issued to investors on Monday morning, MarketBeat Ratings reports. The firm currently has a buy rating on the credit services provider’s stock. B. Riley also issued estimates for Atlanticus’ Q1 2027 earnings at $2.19 EPS, Q2 2027 earnings at $2.20 EPS and FY2027 earnings at $10.00 EPS.

ATLC has been the subject of several other reports. BTIG Research restated a “buy” rating and issued a $84.00 target price on shares of Atlanticus in a research report on Thursday, September 11th. Wall Street Zen cut shares of Atlanticus from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 13th. Finally, JMP Securities reiterated a “market outperform” rating and set a $78.00 price objective on shares of Atlanticus in a research report on Friday, September 12th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.20.

Atlanticus Stock Performance

Shares of NASDAQ:ATLC opened at $71.77 on Monday. The company’s 50 day moving average price is $59.93 and its two-hundred day moving average price is $54.41. Atlanticus has a 12-month low of $33.41 and a 12-month high of $78.91. The firm has a market cap of $1.09 billion, a PE ratio of 12.61 and a beta of 2.00. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.55.

Atlanticus (NASDAQ:ATLC) last issued its earnings results on Thursday, August 7th. The credit services provider reported $1.51 EPS for the quarter, beating the consensus estimate of $1.30 by $0.21. The company had revenue of $393.82 million during the quarter, compared to analysts’ expectations of $373.87 million. Atlanticus had a net margin of 8.51% and a return on equity of 24.20%. Equities research analysts predict that Atlanticus will post 4.49 earnings per share for the current year.

Atlanticus Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 1st were given a dividend of $0.4766 per share. This represents a $1.91 dividend on an annualized basis and a yield of 2.7%.

Insider Transactions at Atlanticus

In other Atlanticus news, Director Deal W. Hudson sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $62.39, for a total transaction of $124,780.00. Following the sale, the director directly owned 61,092 shares of the company’s stock, valued at $3,811,529.88. The trade was a 3.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 50.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Atlanticus

Institutional investors have recently added to or reduced their stakes in the business. New York State Teachers Retirement System grew its holdings in Atlanticus by 151.5% during the 2nd quarter. New York State Teachers Retirement System now owns 503 shares of the credit services provider’s stock worth $28,000 after acquiring an additional 303 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Atlanticus during the 1st quarter worth approximately $56,000. Jones Financial Companies Lllp bought a new stake in Atlanticus during the 1st quarter worth approximately $71,000. US Bancorp DE bought a new stake in Atlanticus during the 1st quarter worth approximately $74,000. Finally, BNP Paribas Financial Markets grew its holdings in Atlanticus by 334.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,735 shares of the credit services provider’s stock worth $95,000 after acquiring an additional 1,336 shares during the last quarter. 14.15% of the stock is owned by institutional investors.

About Atlanticus

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.