Los Angeles Capital Management LLC Sells 4,000 Shares of Atlanticus Holdings Co. (NASDAQ:ATLC)

Los Angeles Capital Management LLC decreased its position in shares of Atlanticus Holdings Co. (NASDAQ:ATLC) by 14.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,377 shares of the credit services provider’s stock after selling 4,000 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Atlanticus were worth $1,360,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of ATLC. FMR LLC grew its holdings in Atlanticus by 393.1% during the third quarter. FMR LLC now owns 2,283 shares of the credit services provider’s stock worth $80,000 after buying an additional 1,820 shares in the last quarter. MetLife Investment Management LLC lifted its position in shares of Atlanticus by 158.8% during the 3rd quarter. MetLife Investment Management LLC now owns 2,971 shares of the credit services provider’s stock valued at $104,000 after buying an additional 1,823 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Atlanticus during the 4th quarter valued at $129,000. Exchange Traded Concepts LLC purchased a new position in shares of Atlanticus during the 4th quarter valued at $280,000. Finally, Barclays PLC lifted its position in shares of Atlanticus by 285.6% during the 3rd quarter. Barclays PLC now owns 8,218 shares of the credit services provider’s stock valued at $289,000 after buying an additional 6,087 shares during the last quarter. Institutional investors own 14.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ATLC shares. JMP Securities upped their price target on Atlanticus from $54.00 to $75.00 and gave the company a “market outperform” rating in a research report on Tuesday, December 3rd. Stephens began coverage on Atlanticus in a research note on Wednesday, November 13th. They set an “overweight” rating and a $54.00 price objective on the stock. BTIG Research boosted their price objective on Atlanticus from $45.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, B. Riley upgraded Atlanticus to a “strong-buy” rating in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $57.20.

Atlanticus Price Performance

Shares of NASDAQ ATLC opened at $54.93 on Friday. The firm has a market capitalization of $809.67 million, a P/E ratio of 12.34 and a beta of 2.10. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.59. The stock’s 50-day simple moving average is $57.58 and its two-hundred day simple moving average is $47.27. Atlanticus Holdings Co. has a twelve month low of $23.09 and a twelve month high of $64.70.

Atlanticus Company Profile

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.