2 weeks Ago By ABMN Staff
Atlanticus Holdings Co. ( NASDAQ:ATLC – Get Free Report ) shares gapped up before the market opened on Friday . The stock had previously closed at $34.
06, but opened at $35.18. Atlanticus shares last traded at $35.
18, with a volume of 410 shares changing hands. Wall Street Analyst Weigh In Several equities analysts recently issued reports on ATLC shares. StockNews.
com raised Atlanticus from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 9th. BTIG Research assumed coverage on Atlanticus in a report on Friday, June 7th. They issued a “buy” rating and a $45.
00 price objective on the stock. Read Our Latest Analysis on ATLC Atlanticus Price Performance Atlanticus ( NASDAQ:ATLC – Get Free Report ) last announced its quarterly earnings results on Thursday, August 8th. The credit services provider reported $0.
99 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.12.
The company had revenue of $315.64 million for the quarter, compared to the consensus estimate of $309.74 million.
Atlanticus had a return on equity of 25.32% and a net margin of 8.42%.
As a group, equities analysts forecast that Atlanticus Holdings Co. will post 4.54 earnings per share for the current year.
Insider Buying and Selling In other Atlanticus news, Director Deal W. Hudson sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $31.
35, for a total value of $78,375.00. Following the completion of the transaction, the director now directly owns 64,955 shares of the company’s stock, valued at $2,036,339.
25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink . In other news, Director Deal W.
Hudson sold 1,200 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $32.75, for a total transaction of $39,300.
00. Following the sale, the director now directly owns 67,455 shares of the company’s stock, valued at approximately $2,209,151.25.
The transaction was disclosed in a filing with the SEC, which is available at this hyperlink . Also, Director Deal W. Hudson sold 2,500 shares of the firm’s stock in a transaction dated Monday, September 16th.
The shares were sold at an average price of $31.35, for a total value of $78,375.00.
Following the sale, the director now owns 64,955 shares in the company, valued at $2,036,339.25. The disclosure for this sale can be found here .
51.80% of the stock is owned by corporate insiders. Hedge Funds Weigh In On Atlanticus Hedge funds have recently bought and sold shares of the business.
BNP Paribas Financial Markets boosted its holdings in Atlanticus by 65.5% in the 1st quarter. BNP Paribas Financial Markets now owns 2,324 shares of the credit services provider’s stock worth $69,000 after buying an additional 920 shares during the last quarter.
Rhumbline Advisers lifted its holdings in Atlanticus by 9.3% in the 2nd quarter. Rhumbline Advisers now owns 8,127 shares of the credit services provider’s stock valued at $229,000 after purchasing an additional 690 shares in the last quarter.
Squarepoint Ops LLC boosted its stake in Atlanticus by 9.3% during the 2nd quarter. Squarepoint Ops LLC now owns 8,310 shares of the credit services provider’s stock worth $234,000 after purchasing an additional 704 shares during the last quarter.
Empowered Funds LLC grew its holdings in shares of Atlanticus by 7.5% during the first quarter. Empowered Funds LLC now owns 15,094 shares of the credit services provider’s stock worth $447,000 after buying an additional 1,050 shares in the last quarter.
Finally, Denali Advisors LLC raised its position in shares of Atlanticus by 5.2% in the first quarter. Denali Advisors LLC now owns 26,040 shares of the credit services provider’s stock valued at $771,000 after buying an additional 1,285 shares during the last quarter.
Hedge funds and other institutional investors own 14.15% of the company’s stock. Atlanticus Company Profile ( Get Free Report ) 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. Read More Receive News & Ratings for Atlanticus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlanticus and related companies with MarketBeat.
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