Insider Buying: Atlanticus Holdings Corp (ATLC) Director Acquires 9,000 Shares of Stock

Atlanticus Holdings Corp (NASDAQ:ATLC) Director Thomas G. Rosencrants acquired 9,000 shares of the stock in a transaction dated Friday, May 17th. The stock was acquired at an average cost of $3.49 per share, with a total value of $31,410.00. Following the transaction, the director now directly owns 70,000 shares in the company, valued at $244,300. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

ATLC traded down $0.08 on Thursday, reaching $3.61. 14,999 shares of the stock were exchanged, compared to its average volume of 13,892. Atlanticus Holdings Corp has a fifty-two week low of $1.52 and a fifty-two week high of $4.91.

An institutional investor recently raised its position in Atlanticus stock. Renaissance Technologies LLC boosted its position in shares of Atlanticus Holdings Corp (NASDAQ:ATLC) by 16.4% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 26,300 shares of the credit services provider’s stock after acquiring an additional 3,700 shares during the quarter. Renaissance Technologies LLC owned about 0.16% of Atlanticus worth $89,000 at the end of the most recent reporting period. 14.20% of the stock is currently owned by hedge funds and other institutional investors.

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Atlanticus Company Profile

Atlanticus Holdings Corporation provides credit and related financial services and products to financially underserved consumer credit market in the United States. It operates in two segments, Credit and Other Investments, and Auto Finance. The Credit and Other Investments segment originates a range of consumer loan products, such as retail credit, personal loans, and credit cards through various channels, including retail point-of-sale, direct mail solicitation, Internet-based marketing, and partnerships with third parties; and offers point-of-sale financing by partnering with retailers and service providers to provide credit to their customers for the purchase of various goods and services.

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