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) 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.
Atlanticus Holdings Corporation announced key management changes effective March 18, 2021. Founder David Hanna transitions to Executive Chairman, while Jeff Howard, previously President, is promoted to Chief Executive Officer. Howard brings nearly 20 years of experience at Atlanticus. Under their leadership, the company has funded over $1 billion since the pandemic began, expanded its customer base to 1.6 million, and achieved a 12-month operating profit exceeding $84 million. These changes aim to enhance strategic initiatives and support underserved consumers.