Welcome to our dedicated page for Atlanticus Holdings news (Ticker: ATLC), a resource for investors and traders seeking the latest updates and insights on Atlanticus Holdings stock.
Atlanticus Holdings Corporation (NASDAQ: ATLC) is a financial technology company that works with bank, retail, and healthcare partners to provide consumer credit products to everyday Americans, including financially underserved and near-prime consumers. The Atlanticus news feed on Stock Titan highlights developments that affect its credit card issuing, private label credit, auto finance, and capital markets activities.
Investors following ATLC news can track announcements about managed receivables growth, account origination volumes, and portfolio acquisitions. Recent company releases describe significant milestones such as the acquisition of Mercury Financial LLC, which added approximately 1.3 million credit card accounts and $3.2 billion in credit card receivables, as well as the purchase of a Vive Financial credit card receivables portfolio from PROG Holdings. These events illustrate how Atlanticus uses acquisitions and portfolio purchases to expand its scale and reach in consumer credit.
News items also cover earnings results, where Atlanticus reports trends in total operating revenue and other income, net margin, and managed receivables, along with commentary on underwriting standards, marketing efforts, and portfolio performance. Additional coverage includes capital markets transactions such as offerings of senior notes and refinancings of term securitizations, which provide insight into the company’s funding strategy and cost of capital.
Regular press releases address preferred stock dividends on the company’s Series B Cumulative Perpetual Preferred Stock and management’s perspective on growth opportunities across general purpose credit card, private label credit, and auto finance channels. By reviewing ATLC news on this page, readers can see how Atlanticus executes its strategy of enabling more inclusive financial services through proprietary technology, analytics, and long-standing experience in consumer lending.
Atlanticus Holdings Corporation (NASDAQ: ATLC) has announced the commencement of an underwritten public offering of Senior Notes due 2026. The offering aims to raise funds for general corporate purposes, with a potential 30-day option for underwriters to purchase additional notes. The notes are expected to be listed on the Nasdaq under the symbol 'ATLCL,' with trading anticipated to begin within 30 business days post-issuance. The offering has received an 'A' rating from Egan-Jones Ratings Company, signaling strong creditworthiness.
Atlanticus Holdings Corporation (ATLC) reported a 41.8% increase in total operating revenue, reaching $203.9 million for Q3 2021. Net income attributable to common shareholders rose 18.4% to $40.3 million, or $1.96 per share. The company served 2.6 million customers, a 59.8% growth year-over-year. Managed receivables increased 46.5% to $1.4 billion. Adjusted net income showed a significant 57.1% rise to $53.5 million. The firm anticipates continued growth in point-of-sale financing.
Atlanticus Holdings Corporation (NASDAQ: ATLC) has been recognized as one of Fortune's 100 Fastest-Growing Companies in 2021. The company specializes in providing technology that enables partners in banking, retail, and healthcare to offer inclusive financial services, including various credit products. Atlanticus emphasizes its commitment to improving financial outcomes for everyday Americans, especially in the wake of challenges posed by the global pandemic. This ranking highlights Atlanticus’s revenue and earnings growth, along with strong total returns over three years.
Fortiva® Retail Credit has announced a multi-year renewal of its exclusive partnership with Vivint Smart Home to enhance consumer financing options. The renewal aims to expand term lengths and facilitate more approvals for financing among Vivint's customers, building on the success experienced during the pandemic. Atlanticus Services Corporation emphasizes its technology's role in seamless financing transitions, providing inclusive options to a broader customer base.
On September 1, 2021, Atlanticus Holdings Corporation (NASDAQ: ATLC) appointed Linda Brooks as Chief Technology Officer. With over a decade of service at Atlanticus, Brooks will spearhead technology development, enhancing their financial solutions for everyday consumers. President Jeff Howard praised her leadership in launching innovative products and achieving competitive advantages. Atlanticus has a strong foundation, having served over 18 million customers and managed $26 billion in consumer loans since its inception in 1996.
Atlanticus Holdings Corporation (NASDAQ: ATLC) announced a quarterly dividend of $0.49774 per share to Series B Cumulative Perpetual Preferred stockholders, payable on or about September 15, 2021. The record date for this dividend is September 3, 2021. Atlanticus leverages technology and analytics to support financial institutions in offering credit to millions of Americans, with a history of servicing over 18 million customers and managing $26 billion in consumer loans.
Atlanticus Holdings Corporation (NASDAQ: ATLC) reported a 74.4% increase in net income attributable to common shareholders, reaching $32.1 million or $2.12 per share for Q2 2021. This compares favorably to $18.4 million in Q2 2020. Total operating revenue grew 32.6% to $179.5 million, driven by a 38.6% increase in managed receivables, now at $1.2 billion. Customer numbers surged 48.3% to 2.2 million. The company also raised $70 million through Series B preferred stock issuance, enhancing liquidity.
Atlanticus Holdings Corporation announced the closing of its public offering of 388,533 shares of its 7.625% Series B Cumulative Perpetual Preferred Stock at $25.00 per share, generating net proceeds of approximately $9.3 million. The funds will be used for general corporate purposes, including stock repurchases. The offering was managed by B. Riley Securities, Janney Montgomery Scott, and others. This announcement highlights Atlanticus's ongoing strategy to enhance capital and support its financial services aimed at everyday Americans.
Atlanticus Holdings Corporation (NASDAQ: ATLC) announced the redemption of all $16.5 million of its 5.875% convertible senior notes due 2035. The notes will be redeemed at a price of 100% of the principal amount on July 19, 2021. Holders can convert their notes until July 16, 2021, at 5:00 p.m. E.T. This redemption is part of Atlanticus' strategy in managing its financial obligations and capital structure.
Atlanticus Holdings (NASDAQ: ATLC) has successfully closed its underwritten public offering of 2,800,000 shares of 7.625% Series B Cumulative Perpetual Preferred Stock at $25.00 per share, generating approximately $67.2 million in net proceeds. The funds will be used for general corporate purposes, including common stock repurchases. An additional 420,000 shares may be purchased by underwriters within 30 days. Dividends will be paid at a fixed annual rate of 7.625%. The shares are expected to trade on NASDAQ under the symbol 'ATLCP'.
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