Atlanticus Holdings
ATLC

$35.56

1.19%

Market Cap: 526M

About: Atlanticus Holdings Corp invests in the financial services industry. It provides various credit and related financial services and products to or associated with the financially underserved consumer credit market. The operating business segments are the Credit as a Service and the Auto Finance segment. It generates maximum revenue from the Credit as a Service segment.

Employees: 386

Financials Personal Credit Institutions

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 7 analysts

0

News positive %

of 3 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

0.13% less ownership

Funds ownership: 14.13% [Q4 2023] → 14.0% (-0.13%) [Q1 2024]

6% less funds holding

Funds holding: 65 [Q4 2023] → 61 (-4) [Q1 2024]

24% less capital invested

Capital invested by funds: $79.7M [Q4 2023] → $60.5M (-$19.2M) [Q1 2024]

33% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 24

67% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 6

See Fund Rankings

Research analyst outlook

7 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$33

7%

downside

Avg. target

$39

9%

upside

High target

$45

27%

upside

7 analyst ratings

6 positive

86%

1 neutral

14%

0 negative

0%

BTIG Vincent Caintic	27%upside $45	Buy Initiated	7 Jun 2024
JMP Securities David Scharf	10%upside $39	Market Outperform Reiterated	28 May 2024
Keefe, Bruyette & Woods Tim Switzer	7%downside $33	Market Perform Initiated	22 May 2024
JMP Securities David Scharf	10%upside $39	Market Outperform Reiterated	13 May 2024
JMP Securities David Scharf	10%upside $39	Market Outperform Reiterated	17 Apr 2024

See Analyst Rankings

Financial journalist opinion

Based on 3 articles about ATLC published over the past 30 days

Atlanticus Closes $60 Million Principal Amount of 9.25% Senior Notes Due 2029 in Add-On Offering

ATLANTA, July 26, 2024 (GLOBE NEWSWIRE) -- Atlanticus Holdings Corporation (NASDAQ: ATLC) (“Atlanticus,” “the Company”, “we,” “our” or “us”), a financial technology company that enables its bank, retail and healthcare partners to offer more inclusive financial services to millions of everyday Americans, today announced the closing of its previously-announced underwritten registered public add-on offering of its 9.25% Senior Notes due 2029 (the “Additional Notes”). The Company consummated the issuance and sale of a total of $60 million aggregate principal amount of the Additional Notes (the “Offering”), which included $55 million principal amount offered plus $5 million principal amount upon exercise of the underwriters' option.

Atlanticus Closes $60 Million Principal Amount of 9.25% Senior Notes Due 2029 in Add-On Offering

Atlanticus Prices $55,000,000 Principal Amount Add-On Offering of 9.25% Senior Notes Due 2029

ATLANTA, July 25, 2024 (GLOBE NEWSWIRE) -- Atlanticus Holdings Corporation (NASDAQ: ATLC) (“Atlanticus,” “the Company”, “we,” “our” or “us”), a financial technology company that enables its bank, retail and healthcare partners to offer more inclusive financial services to millions of everyday Americans, today announced the pricing of its underwritten registered public add-on offering (the “Add-On Offering”) of $55,000,000 aggregate principal amount of its 9.25% Senior Notes due 2029 (the “Additional Notes”), at a public offering price of $24.70 per Additional Note. The Company has granted the underwriters an option to purchase up to an additional $8,250,000 aggregate principal amount of the Additional Notes in connection with the Add-On Offering. The Add-On Offering is expected to close on or about July 26, 2024, subject to customary closing conditions.

Atlanticus Prices $55,000,000 Principal Amount Add-On Offering of 9.25% Senior Notes Due 2029

Atlanticus Announces Add-On Offering of 9.25% Senior Notes Due 2029

ATLANTA, July 23, 2024 (GLOBE NEWSWIRE) -- Atlanticus Holdings Corporation (NASDAQ: ATLC) (“Atlanticus,” “the Company”, “we,” “our” or “us”), a financial technology company that enables its bank, retail and healthcare partners to offer more inclusive financial services to millions of everyday Americans, today announced it has commenced an underwritten registered public add-on offering (the “Add-On Offering”) of its 9.25% Senior Notes due 2029 (the “Additional Notes”). The Company expects to grant the underwriters an option to purchase more Additional Notes in connection with the Add-On Offering.

Atlanticus Announces Add-On Offering of 9.25% Senior Notes Due 2029

Synchrony Selects Atlanticus for Preferred Second Look Financing Program

Enhanced Multi-Year Partnership Aims to Drive Merchants' and Partners' Business Growth with Seamless Customer Experience STAMFORD, Conn. and ATLANTA , June 26, 2024 /PRNewswire/ -- Synchrony (NYSE: SYF) announced today an enhanced partnership with Atlanticus Holdings Corporation (NASDAQ: ATLC).

Synchrony Selects Atlanticus for Preferred Second Look Financing Program

Atlanticus Announces Approval of Quarterly Preferred Stock Dividend

ATLANTA, May 14, 2024 (GLOBE NEWSWIRE) -- Atlanticus Holdings Corporation (NASDAQ: ATLC) (“Atlanticus,” the “Company,” “we” or “our”), a financial technology company that enables its bank, retail and healthcare partners to offer more inclusive financial services to millions of everyday Americans, today announced that its Board of Directors approved a quarterly dividend of $0.476563 per share to Series B Cumulative Perpetual Preferred shareholders. The cash dividend will be paid on or about June 15, 2024 to holders of record of Atlanticus' Series B Cumulative Perpetual Preferred Stock on the close of business on June 1, 2024.

Atlanticus Announces Approval of Quarterly Preferred Stock Dividend

Atlanticus Reports First Quarter 2024 Financial Results

First Quarter 2024 Total operating revenue growth of 11.2% over prior year, with 3.5 million accounts served (1), allowing for continued strong results First Quarter 2024 Total operating revenue growth of 11.2% over prior year, with 3.5 million accounts served (1), allowing for continued strong results

Atlanticus Reports First Quarter 2024 Financial Results

Fortiva® Retail Credit Announces Second Look Financing Program with Byte

ATLANTA, April 17, 2024 (GLOBE NEWSWIRE) -- Atlanticus Holdings Corporation (NASDAQ: ATLC) (“Atlanticus”, “we” or “our”) today announced that a multi-year program with Byte, a leading at-home clear aligner provider was finalized with the Fortiva Retail Credit program, the leader in second look point-of-sale financing.

Fortiva® Retail Credit Announces Second Look Financing Program with Byte

Zacks Investment Research

New Strong Sell Stocks for April 2nd

ALX, ATLC and DCOM have been added to the Zacks Rank #5 (Strong Sell) List on April 2, 2023.

New Strong Sell Stocks for April 2nd

Atlanticus Holdings: A Cheap, High ROE Business

Atlanticus Holdings Corporation is undervalued and has potential for steady growth and higher earnings. The company focuses on serving underserved consumers in the sub-prime market who have limited credit history. Atlanticus Holdings makes money through its Credit As A Service segment, offering customized credit cards and banking products to subprime borrowers.

Atlanticus Holdings: A Cheap, High ROE Business

Atlanticus Reports Fourth Quarter and Full Year 2023 Financial Results

Fourth Quarter 2023 Operating revenue growth of 14.9% over prior year, with 3.6 million accounts served (1), allowing for continued strong results Fourth Quarter 2023 Operating revenue growth of 14.9% over prior year, with 3.6 million accounts served (1), allowing for continued strong results

Atlanticus Reports Fourth Quarter and Full Year 2023 Financial Results

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