Insider Selling: Atlanticus (NASDAQ:ATLC) CFO Sells 10,000 Shares

Atlanticus Holdings Corporation (NASDAQ:ATLC) CFO William Mccamey sold 10,000 shares of the stock in a transaction dated 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 sale, the chief financial officer directly owned 127,410 shares in the company, valued at $13,124,504.10. This represents a 7.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

William Mccamey also recently made the following trade(s):

• On Friday, June 26th, William Mccamey sold 10,000 shares of Atlanticus stock. The shares were sold at an average price of $109.45, for a total transaction of $1,094,500.00.

Atlanticus Stock Down 7.1%

Shares of ATLC stock traded down $7.35 during trading on Thursday, reaching $96.40. The company’s stock had a trading volume of 205,124 shares, compared to its average volume of 182,330. 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 company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 14.39 and a beta of 2.11. The stock’s 50-day moving average price is $87.29 and its 200 day moving average price is $68.95. Atlanticus Holdings Corporation has a 1-year low of $45.74 and a 1-year high of $112.61.

Atlanticus (NASDAQ:ATLC) last released its earnings results on Thursday, May 7th. The credit services provider reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.54. The company had revenue of $679.59 million for the quarter, compared to analyst estimates of $749.36 million. Atlanticus had a net margin of 5.86% and a return on equity of 23.43%. On average, research analysts anticipate that Atlanticus Holdings Corporation will post 9.48 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Wall Street Zen downgraded Atlanticus from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 27th. Zacks Research upgraded shares of Atlanticus from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. BTIG Research upped their target price on shares of Atlanticus from $105.00 to $179.00 and gave the company a “buy” rating in a report on Tuesday. William Blair set a $100.00 price target on shares of Atlanticus in a research note on Wednesday, June 10th. Finally, Weiss Ratings raised shares of Atlanticus from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $119.75.

Institutional Trading of Atlanticus

Large investors have recently bought and sold shares of the business. Advisory Services Network LLC acquired a new position in Atlanticus in the third quarter valued at $47,000. Jones Financial Companies Lllp acquired a new stake in shares of Atlanticus during the first quarter worth about $71,000. Inspire Investing LLC purchased a new position in shares of Atlanticus during the first quarter worth about $87,000. BNP Paribas Financial Markets grew its holdings in shares of Atlanticus by 334.8% during the second quarter. BNP Paribas Financial Markets now owns 1,735 shares of the credit services provider’s stock worth $95,000 after buying an additional 1,336 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in Atlanticus in the 4th quarter valued at about $105,000. Institutional investors and hedge funds own 14.15% of the company’s stock.

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.