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Atlanta-based Atlanticus Holdings Corporation (NASDAQ:ATLC), a financial holding company with a market capitalization of $874 million and impressive gross profit margins of 71%, announced the results of its Annual Meeting of Shareholders held on May 8, 2025. According to InvestingPro data, the company, which operates in the personal credit institutions sector and has delivered a remarkable 104% return over the past year, disclosed the outcomes of the shareholder voting in a recent 8-K filing with the Securities and Exchange Commission.
During the meeting, three key proposals were put to vote. The first was the election of seven directors to serve until the 2026 Annual Meeting of Shareholders. All nominees were elected, with the majority of votes cast in favor and no broker non-votes. This comes as InvestingPro analysis shows management has been actively buying back shares, demonstrating alignment with shareholder interests.
The second proposal was an advisory vote on the compensation of the named executive officers, commonly referred to as the "say-on-pay" vote. The compensation was approved by a significant majority of the votes cast.
The third and final proposal sought shareholder input on the frequency of future say-on-pay votes. Shareholders voted in favor of holding these votes every three years. In alignment with this advisory vote, Atlanticus Holdings has decided to adopt a triennial schedule for future say-on-pay votes.
The company has confirmed that all proposals detailed in the Proxy Statement were approved as recommended by the Board of Directors. Atlanticus Holdings has made this information publicly available following the SEC regulations and has taken the necessary steps to ensure compliance with the Securities Exchange Act of 1934. With a strong current ratio of 14.77 and trading at an attractive P/E ratio of 9, InvestingPro analysis reveals 8 additional key insights available to subscribers, along with comprehensive research reports that provide deep-dive analysis of the company’s fundamentals and growth prospects.
In other recent news, Atlanticus Holdings Corp. has seen a series of analyst updates following its strong financial performance. Keefe, Bruyette & Woods analyst Tim Switzer raised the price target for Atlanticus to $60, citing a first-quarter performance that exceeded expectations, particularly due to accelerating receivables growth and positive credit trends. Meanwhile, JMP Securities analyst David Scharf increased the price target to $72, projecting a faster rate of portfolio growth this year based on the company’s ability to capitalize on perceived macroeconomic stability. Despite a subsequent revision by JMP Securities lowering the target to $72 from $75, the firm maintained a Market Outperform rating, reflecting confidence in Atlanticus’s strategic positioning and growth potential.
Keefe, Bruyette & Woods also adjusted their price target for Atlanticus to $52, highlighting the company’s momentum and resilience in credit performance, with a notable decline in the net charge-off rate. The firm’s analysts expect robust growth in receivables, supported by moderating inflation and low unemployment rates. Previously, Keefe had maintained a $45 target, emphasizing Atlanticus’s strong fourth-quarter earnings and revenue trends, which surpassed expectations. These developments underscore the company’s ongoing strategic efforts and the analysts’ confidence in its financial health and growth trajectory.
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