Atlanticus (NASDAQ:ATLC) Trading Down 7.8% – Should You Sell?

Atlanticus Holdings Corporation (NASDAQ:ATLC) shares fell 7.8% on Friday . The stock traded as low as $54.01 and last traded at $54.01. 3,374 shares were traded during mid-day trading, a decline of 95% from the average session volume of 65,049 shares. The stock had previously closed at $58.57.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Citizens Jmp raised their price objective on shares of Atlanticus from $95.00 to $100.00 and gave the stock a “market outperform” rating in a report on Thursday, December 11th. Citigroup reaffirmed an “outperform” rating on shares of Atlanticus in a report on Thursday, December 11th. Wall Street Zen cut Atlanticus from a “buy” rating to a “hold” rating in a research report on Sunday, November 16th. Weiss Ratings reissued a “hold (c-)” rating on shares of Atlanticus in a report on Monday, December 29th. Finally, B. Riley Financial assumed coverage on Atlanticus in a research note on Wednesday, January 7th. They issued a “buy” rating and a $90.00 target price for the company. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Atlanticus has a consensus rating of “Moderate Buy” and a consensus target price of $88.75.

Atlanticus Price Performance

The firm has a market capitalization of $843.15 million, a PE ratio of 9.89 and a beta of 1.95. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.25 and a quick ratio of 1.25. The business’s 50 day moving average is $58.08 and its two-hundred day moving average is $60.17.

Insider Transactions at Atlanticus

In other Atlanticus news, Director Deal W. Hudson sold 1,675 shares of the firm’s stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $59.72, for a total transaction of $100,031.00. Following the sale, the director owned 60,467 shares in the company, valued at $3,611,089.24. This trade represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 50.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its stake in shares of Atlanticus by 5.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,194 shares of the credit services provider’s stock valued at $616,000 after purchasing an additional 478 shares in the last quarter. Jump Financial LLC boosted its position in Atlanticus by 6.1% during the second quarter. Jump Financial LLC now owns 9,344 shares of the credit services provider’s stock valued at $512,000 after buying an additional 537 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Atlanticus by 9.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 7,783 shares of the credit services provider’s stock valued at $521,000 after buying an additional 681 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in shares of Atlanticus in the third quarter worth about $38,000. Finally, Advisory Services Network LLC purchased a new position in shares of Atlanticus in the third quarter worth about $47,000. 14.15% of the stock is currently owned by institutional investors.

About Atlanticus

Atlanticus Holdings Corporation is a specialty financial services holding company that provides credit products and solutions to consumers across the United States. Through its subsidiaries, the company offers proprietary credit card programs, installment loan products and deposit accounts designed to serve customers who may have limited access to traditional credit. Atlanticus markets its offerings through a variety of channels, including direct‐to‐consumer online platforms, mail order, call centers and partnerships with retail and e-commerce businesses.

The company underwrites and services credit card portfolios under private-label and co-branded agreements, combining technology‐enabled underwriting with tailored customer service.