Susquehanna International Group LLP Takes $1.50 Million Position in Atlanticus Holdings Corporation $ATLC

Susquehanna International Group LLP purchased a new stake in Atlanticus Holdings Corporation (NASDAQ:ATLC) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 14,666 shares of the credit services provider’s stock, valued at approximately $1,500,000. Susquehanna International Group LLP owned about 0.10% of Atlanticus as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ATLC. Hsbc Holdings PLC bought a new position in shares of Atlanticus in the 2nd quarter valued at about $269,000. Empowered Funds LLC acquired a new position in Atlanticus in the second quarter valued at approximately $7,286,000. Philadelphia Financial Management of San Francisco LLC bought a new position in Atlanticus in the second quarter valued at approximately $9,161,293. Bank of America Corp DE bought a new position in Atlanticus in the second quarter valued at approximately $1,066,000. Finally, Jupiter Topco LLC acquired a new stake in Atlanticus during the 2nd quarter worth $255,000. 14.15% of the stock is owned by institutional investors.

Insider Transactions at Atlanticus

In other news, CAO Mitchell Saunders sold 10,000 shares of the business’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $102.20, for a total value of $1,022,000.00. Following the sale, the chief accounting officer owned 46,273 shares of the company’s stock, valued at $4,729,100.60. The trade was a 17.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO William Mccamey sold 10,000 shares of the stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $103.01, for a total transaction of $1,030,100.00. Following the transaction, the chief financial officer owned 127,410 shares of the company’s stock, valued at $13,124,504.10. The trade was a 7.28% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 75,000 shares of company stock worth $7,868,627. 51.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ATLC has been the subject of several recent research reports. B. Riley Financial reiterated a “buy” rating on shares of Atlanticus in a research report on Thursday, May 14th. Jefferies Financial Group lifted their price objective on Atlanticus from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Zacks Research downgraded Atlanticus from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. HSBC set a $144.00 target price on Atlanticus in a research note on Monday, July 13th. Finally, BTIG Research raised their target price on Atlanticus from $105.00 to $179.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.00.

Atlanticus Stock Performance

ATLC opened at $91.08 on Monday. The firm’s fifty day simple moving average is $99.97 and its 200 day simple moving average is $79.70. Atlanticus Holdings Corporation has a 12 month low of $47.50 and a 12 month high of $114.34. The stock has a market capitalization of $1.38 billion, a P/E ratio of 11.84 and a beta of 2.11. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.99.

Atlanticus (NASDAQ:ATLC) last issued its quarterly earnings results on Thursday, August 6th. The credit services provider reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.08. The company had revenue of $744.31 million for the quarter, compared to analyst estimates of $716.35 million. Atlanticus had a return on equity of 25.17% and a net margin of 5.80%. As a group, research analysts anticipate that Atlanticus Holdings Corporation will post 9.48 EPS for the current fiscal year.

Atlanticus 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.