Atlanticus (NASDAQ:ATLC) CEO Sells $1,094,500.00 in Stock

Atlanticus Holdings Corporation (NASDAQ:ATLC) CEO Jeffrey Howard sold 10,000 shares of Atlanticus stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $109.45, for a total transaction of $1,094,500.00. Following the transaction, the chief executive officer directly owned 673,265 shares in the company, valued at approximately $73,688,854.25. This represents a 1.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Atlanticus Stock Performance

Shares of NASDAQ ATLC traded up $2.19 during midday trading on Friday, reaching $110.46. The company’s stock had a trading volume of 411,859 shares, compared to its average volume of 88,944. The stock has a market capitalization of $1.67 billion, a P/E ratio of 16.49 and a beta of 2.14. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a 50 day moving average price of $83.97 and a 200-day moving average price of $67.54. Atlanticus Holdings Corporation has a 12-month low of $45.74 and a 12-month high of $112.61.

Atlanticus (NASDAQ:ATLC) last issued its quarterly earnings results on Thursday, May 7th. The credit services provider reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.54. The company had revenue of $679.59 million during the quarter, compared to the consensus estimate of $749.36 million. Atlanticus had a return on equity of 23.43% and a net margin of 5.86%. As a group, equities analysts predict that Atlanticus Holdings Corporation will post 9.48 earnings per share for the current year.

Wall Street Analyst Weigh In

ATLC has been the topic of a number of recent analyst reports. B. Riley Financial reiterated a “buy” rating on shares of Atlanticus in a research note on Thursday, May 14th. Texas Capital upgraded shares of Atlanticus to a “hold” rating in a research report on Wednesday, June 10th. Weiss Ratings upgraded shares of Atlanticus from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Zacks Research raised shares of Atlanticus from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. Finally, Wall Street Zen upgraded shares of Atlanticus from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $101.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ATLC. Advisory Services Network LLC bought a new stake in Atlanticus in the 3rd quarter valued at about $47,000. Jones Financial Companies Lllp purchased a new position in shares of Atlanticus in the first quarter worth about $71,000. Inspire Investing LLC bought a new stake in shares of Atlanticus in the first quarter valued at approximately $87,000. BNP Paribas Financial Markets raised its position in shares of Atlanticus by 334.8% in the second quarter. BNP Paribas Financial Markets now owns 1,735 shares of the credit services provider’s stock valued at $95,000 after purchasing an additional 1,336 shares during the period. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Atlanticus during the 4th quarter valued at approximately $105,000. Institutional investors own 14.15% of the company’s stock.

Atlanticus Company Profile

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.