Atlanticus Holdings Co. (NASDAQ:ATLCP – Get Rating) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 1,000 shares, a decrease of 52.4% from the February 28th total of 2,100 shares. Based on an average trading volume of 9,600 shares, the days-to-cover ratio is presently 0.1 days.
Insider Transactions at Atlanticus
In other news, Director Deal W. Hudson sold 16,313 shares of the company's stock in a transaction that occurred on Friday, January 20th. The shares were sold at an average price of $30.65, for a total value of $499,993.45. Following the transaction, the director now directly owns 75,452 shares in the company, valued at approximately $2,312,603.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Get Atlanticus alerts:Atlanticus Trading Up 5.7 %
Atlanticus stock opened at $17.22 on Tuesday. Atlanticus has a 52-week low of $15.88 and a 52-week high of $25.10. The business's 50 day simple moving average is $20.07.
Atlanticus Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st were issued a dividend of $0.4766 per share. The ex-dividend date was Tuesday, February 28th. This represents a $1.91 dividend on an annualized basis and a yield of 11.07%.
About Atlanticus
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Atlanticus Holdings Corporation 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, educational services, and home-improvements by partnering with retailers and service providers.
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