Atlanticus Holdings Reports Strong Quarterly Results
Atlanticus Holdings Corporation (NASDAQ:ATLC) announced its latest quarterly financial results, demonstrating strong performance that exceeded analyst forecasts. The company posted earnings of $1.51 per share, surpassing the consensus estimate by $0.21, and reported revenues of approximately $394 million, exceeding the anticipated $374 million.
Market Reaction and Analyst Support
The company's stock responded positively to these results, with shares increasing by $7.21 to close at $56.82 amid heightened trading activity. Recent analyst upgrades, including JMP Securities raising its price target to $75, have further supported investor confidence.
Institutional Investment Growth
Institutional investors have also increased their stakes in Atlanticus. Notably, Empowered Funds LLC and Royal Bank of Canada have significantly expanded their holdings during the first quarter.
Valuation Metrics
In terms of valuation, Atlanticus maintains a market capitalization near $860 million, with a P/E ratio of roughly 10 and a beta of 1.93. The stock has experienced a 12-month low of $30 and a hig...