STOCK TITAN

Atlanticus Holdings Corp - ATLC STOCK NEWS

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 (ATLC) delivers innovative credit solutions through its technology-driven financial services platform. This news hub provides investors and stakeholders with essential updates on corporate developments, strategic partnerships, and operational milestones.

Access timely press releases covering earnings reports, credit portfolio expansions, and technology initiatives. Our curated collection helps users track ATLC's progress in consumer finance markets while maintaining awareness of risk management practices and regulatory compliance updates.

Key updates include quarterly financial results, leadership announcements, product launches in private label credit programs, and advancements in predictive analytics capabilities. Bookmark this page for direct access to original source materials and objective reporting on ATLC's market activities.

Rhea-AI Summary

Atlanticus Holdings (NASDAQ: ATLC) announced that its Board of Directors has approved a quarterly cash dividend of $0.476563 per share for Series B Cumulative Perpetual Preferred shareholders.

The dividend will be distributed on or around June 15, 2024, to shareholders on record as of June 1, 2024. Atlanticus is a financial technology company focusing on inclusive financial services for banks, retail, and healthcare partners in the U.S.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.73%
Tags
dividends
-
Rhea-AI Summary

Atlanticus Holdings (NASDAQ: ATLC) reported an 11.2% growth in total operating revenue for the first quarter of 2024, with managed receivables increasing by 12.8% to $2.3 billion. The company served over 3.5 million accounts, generating a return on average shareholders' equity of 19.6%. Net income attributable to common shareholders was $19.9 million, or $1.09 per diluted common share. Despite challenges such as higher delinquency rates and a changing regulatory environment, Atlanticus remains focused on achieving target returns and expanding its platform.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.59%
Tags
-
Rhea-AI Summary
Atlanticus Holdings (NASDAQ: ATLC) partners with Byte, a leading clear aligner provider, to offer a second look financing program through Fortiva Retail Credit. The program aims to provide more consumers with access to goods and services, specifically helping Byte consumers transform their smiles. The partnership leverages Fortiva Retail Credit's technology and underwriting to streamline the consumer application process at the point-of-sale, aligning with both companies' mission of making oral healthcare affordable and accessible.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.14%
Tags
none
Rhea-AI Summary
Atlanticus Holdings Corporation (ATLC) reports a strong fourth quarter of 2023 with a 14.9% increase in operating revenue and 3.6 million accounts served. Managed receivables grew by 13.7% to $2.4 billion, with a return on average shareholders' equity of 20.7%. The company saw a purchase volume of $683.4 million and net income of $20.0 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.13%
Tags
-
Rhea-AI Summary
Atlanticus Holdings Corporation (ATLC) closes underwriters' option for 9.25% Senior Notes due 2029, raising $7.0 million in net proceeds. Notes listed on Nasdaq Global Select Market under symbol 'ATLCZ'.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.19%
Tags
-
Rhea-AI Summary
Atlanticus Holdings Corporation (NASDAQ: ATLC) declares a quarterly dividend of $0.476563 per share to Series B Cumulative Perpetual Preferred shareholders, emphasizing its commitment to providing inclusive financial services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.04%
Tags
dividends
Rhea-AI Summary
Atlanticus Holdings Corporation (ATLC) announced the closing of a $50 million aggregate principal amount of 9.25% Senior Notes due 2029, resulting in net proceeds of approximately $48.3 million. The Company plans to use the net proceeds to redeem a portion of the Class B preferred units issued by one of its subsidiaries and/or for general corporate purposes. The Notes are approved for listing on the Nasdaq Global Select Market under the symbol 'ATLCZ'. The Offering was made pursuant to an effective shelf registration statement on Form S-3, initially filed with the SEC on May 6, 2021, and declared effective by the SEC on May 13, 2021.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.49%
Tags
-
Rhea-AI Summary
Atlanticus Holdings Corporation (ATLC) has announced the pricing of its underwritten registered public offering of $50 million aggregate principal amount of 9.25% Senior Notes due 2029, with an option for underwriters to purchase an additional $7.5 million aggregate principal amount of the Notes. The Offering is expected to close soon.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.06%
Tags
-
Rhea-AI Summary
Atlanticus Holdings Corporation (NASDAQ: ATLC) has announced the commencement of an underwritten registered public offering of Senior Notes due 2029. The Company expects to use the net proceeds to redeem a portion of the Class B preferred units issued by one of its subsidiaries and/or for general corporate purposes. The Company will apply to list the Notes on the Nasdaq Global Select Market under the symbol 'ATLCZ.' The issuance of Notes received an 'A' rating from Egan-Jones Ratings Company, an independent, unaffiliated rating agency.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.4%
Tags
Rhea-AI Summary
Atlanticus Holdings Corporation (NASDAQ: ATLC) Announces Quarterly Dividend for Series B Cumulative Perpetual Preferred Shareholders
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.83%
Tags
dividends
Atlanticus Holdings Corp

Nasdaq:ATLC

ATLC Rankings

ATLC Stock Data

790.41M
5.27M
60.64%
16.87%
1.15%
Credit Services
Personal Credit Institutions
Link
United States
ATLANTA