Atlanticus Gains While Nasdaq Drops; Investors Waiting on ATLC Mercury Update
Atlanticus Holdings rose 2% to $84.10 Friday, bucking a sharp market selloff that saw the Nasdaq drop 4.18% and S&P 500 fall 2.64%. The company reported Q1 revenue of $679.5 million and diluted earnings of $2.23 per share, both up from a year earlier. Managed receivables climbed to $6.72 billion, while 90-day delinquencies fell to 7.0%. A preferred-stock dividend of $0.476563 is set for June 15.