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.
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'.
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.
