Atlanticus Holdings Corp Stock Price, News & Analysis

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'.

Atlanticus Holdings Corporation (NASDAQ: ATLC) announced a public offering of 2,800,000 shares of 7.625% Series B Cumulative Perpetual Preferred Stock at $25.00 per share, aiming to raise $70 million before expenses. The offering will close around June 11, 2021, with underwriters granted a 30-day option for an additional 420,000 shares. Proceeds will support general corporate purposes, including stock repurchases. The preferred stock is expected to trade under the symbol 'ATLCP' on NASDAQ shortly after the closing.

Atlanticus Holdings Corporation (NASDAQ: ATLC) has announced a public offering of its Series B Cumulative Perpetual Preferred Stock at a liquidation preference of $25.00 per share. The company plans to use the net proceeds for general corporate purposes, including repurchasing common stock. The offering is managed by B. Riley Securities, Janney Montgomery Scott, Ladenburg Thalmann, and William Blair. The offering is part of a shelf registration statement effective since May 13, 2021.

Atlanticus Holdings Corporation (NASDAQ: ATLC) reported a remarkable first quarter of 2021, with net income attributable to common shareholders soaring to $39.4 million, or $2.62 per basic share, marking a 1,377% increase from $2.7 million the previous year. Total operating revenue rose 2.4% to $143.9 million. Managed receivables grew 19.0% to $1.1 billion, serving 1.9 million customers, a 31.7% increase. The combined net charge-off ratio improved significantly, reflecting better financial outcomes for consumers.

Atlanticus Holdings Corporation (NASDAQ: ATLC) reported a remarkable year-end 2020, with net income attributable to common shareholders surging 204.7% to $77.1 million, translating to $5.32 per share. Total operating revenue climbed 63.0% to $560.0 million, driven by a 19.2% rise in managed receivables, reaching $1.1 billion. The customer base expanded by 32.1% to 1.8 million. Despite increases in operating expenses, the company anticipates continued growth, boosted by new retail partnerships and federal stimulus effects.