Director David G. Hanna Files Intent to Sell $857K in Atlanticus Holdings Stock
ATLC has more than doubled off its 52-week low of $45.74 on elevated volume (1.9× avg).
Summary
Director David G. Hanna intends to sell $857,490 of Atlanticus Holdings stock, contributing to a pattern of recent insider selling.
Key Events · Ownership and Investor Activity · ATLC
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Director Files Intent to Sell
Director David G. Hanna filed a Form 144 to sell 8,319 shares of common stock, valued at approximately $857,490. This follows previous sales of 1,005 shares for $105,525 by the same individual in the past three months.
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Part of Ongoing Insider Selling Trend
This filing adds to a recent pattern of insider distribution, with over $2.1 million in net sales by insiders over the past 90 days, including multiple Form 144 filings from other officers in the last week.
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Shares Acquired via Option Exercise
The shares intended for sale were acquired through a stock option exercise on February 10, 2022.
Analysis · ATLC · Finance
Director David G. Hanna has filed a Form 144 indicating his intent to sell $857,490 worth of Atlanticus Holdings common stock. This filing follows a recent trend of insider selling at the company, with over $2.1 million in net sales by insiders in the last 90 days. The proposed sale adds to the existing overhang of insider distribution.
At the time of this filing, ATLC was trading at $102.25 on NASDAQ in the Finance sector, with a market capitalization of approximately $1.5B. The 52-week trading range was $45.74 to $112.61. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.