Shares of the company are trading at $2.60 a tad above $2.42, the 50 day moving average and which is marginally under the 200 day moving average of $2.64. The 50 day moving average was up $0.18 or +7.2387% and the 200 day average was down $-0.05. 41K shares changed hands on Thursday. Shares saw a steep increase in trading volume of 214.90% over the normal average daily volume.
Investors are more bearish on the company recently if you take a look at the uptick in short interest. The stock experienced a rise in short interest from June 15, 2017 to May 31, 2017 of 0.41%. Short interest increased 3,729 over that timeframe. The short-interest ratio increased to 180.5 and the short interest percentage is 0.07% as of May 31.
Atlanticus Holdings Corporation (NASDAQ:ATLC) has been the object of insider selling activity recently. Thomas G. Rosencrants, Director reported the sale of 35,000 shares of ATLC stock. The shares were sold on June 7th for an average price of $3.14. The Director now owns $116,180 of the stock per the Form 4 SEC filing. Director Mack F. Mattingly sold 5,087 shares at an average price of $3.10 on Fri the 15th. Mattingly now owns $226,300 of stock as recorded in a recent Form 4 SEC filing.
Director Mack F. Mattingly disclosed the sale of 2,997 shares of (ATLC). The shares were purchased at an average price of $3.15. Mattingly now owns $245,974 of the stock according to the SEC filing.
Here are a few other firms who have also updated their positions. Morgan Stanley downsized its stake by shedding 96 shares a decrease of 39.0% in the quarter. Morgan Stanley claims 150 shares worth $0. The value of the position overall is down by 100.0%. Tower Research Capital LLC (trc) augmented its investment by buying 699 shares an increase of 235.4% as of 03/31/2017. Tower Research Capital LLC (trc) now holds 996 shares with a value of $3,000. The total value of its holdings increased 200.0%.
Goldman Sachs Group Inc reduced its holdings by selling 16,459 shares a decrease of 31.8% from 12/31/2016 to 03/31/2017. Goldman Sachs Group Inc now controls 35,334 shares valued at $92,000. The total value of its holdings decreased 37.4%. Dimensional Fund Advisors Lp trimmed its position by selling 9,800 shares a decrease of 1.0%. Dimensional Fund Advisors Lp currently owns 943,444 shares with a value of $2,462,000. The total value of its holdings decreased 9.4%.
The company is up from yesterday’s close of $2.54.
Atlanticus Holdings Corporation, launched on May 14, 2009, is focused on providing financial services. Through its subsidiaries, the Company offers an array of financial products and services. The Company operates through two segments: Credit and Other Investments, and Auto Finance. The Company also provides loan servicing activities, including underwriting, marketing, customer service and collections operations for third parties..