PFG Investments LLC Purchases 150 Shares of Credit Acceptance Co. (NASDAQ:CACC)

PFG Investments LLC grew its position in Credit Acceptance Co. (NASDAQ:CACC) by 25.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 750 shares of the credit services provider’s stock after purchasing an additional 150 shares during the quarter. PFG Investments LLC’s holdings in Credit Acceptance were worth $400,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. SG Americas Securities LLC bought a new position in Credit Acceptance during the fourth quarter worth $459,000. Whittier Trust Co. bought a new position in Credit Acceptance during the fourth quarter worth $74,000. Handelsinvest Investeringsforvaltning bought a new position in Credit Acceptance during the fourth quarter worth $261,000. Harbor Capital Advisors Inc. increased its position in Credit Acceptance by 15.8% during the fourth quarter. Harbor Capital Advisors Inc. now owns 338 shares of the credit services provider’s stock worth $180,000 after acquiring an additional 46 shares during the period. Finally, Vanguard Group Inc. increased its position in Credit Acceptance by 0.4% during the third quarter. Vanguard Group Inc. now owns 590,161 shares of the credit services provider’s stock worth $271,545,000 after acquiring an additional 2,631 shares during the period. Institutional investors own 81.71% of the company’s stock.

Analyst Upgrades and Downgrades

CACC has been the topic of a number of recent research reports. TheStreet upgraded shares of Credit Acceptance from a “c+” rating to a “b-” rating in a research note on Wednesday, December 13th. StockNews.com upgraded shares of Credit Acceptance from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $381.75.

Credit Acceptance Stock Up 0.1 %

CACC opened at $551.60 on Thursday. Credit Acceptance Co. has a fifty-two week low of $379.77 and a fifty-two week high of $616.66. The company has a debt-to-equity ratio of 2.84, a current ratio of 15.71 and a quick ratio of 15.71. The firm’s fifty day moving average price is $552.99 and its two-hundred day moving average price is $497.03. The company has a market capitalization of $6.78 billion, a P/E ratio of 25.05 and a beta of 1.46.

Credit Acceptance (NASDAQ:CACC) last issued its earnings results on Wednesday, January 31st. The credit services provider reported $10.06 EPS for the quarter, beating the consensus estimate of $9.17 by $0.89. Credit Acceptance had a net margin of 15.04% and a return on equity of 30.94%. The company had revenue of $491.60 million for the quarter, compared to the consensus estimate of $478.80 million. On average, analysts anticipate that Credit Acceptance Co. will post 41.06 EPS for the current year.

Insider Activity

In other news, insider Douglas W. Busk sold 500 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $579.98, for a total value of $289,990.00. Following the sale, the insider now owns 3,112 shares in the company, valued at approximately $1,804,897.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Douglas W. Busk sold 500 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $579.98, for a total transaction of $289,990.00. Following the transaction, the insider now owns 3,112 shares in the company, valued at approximately $1,804,897.76. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Douglas W. Busk sold 2,500 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $572.58, for a total transaction of $1,431,450.00. Following the transaction, the insider now owns 3,112 shares in the company, valued at approximately $1,781,868.96. The disclosure for this sale can be found here. 4.20% of the stock is owned by corporate insiders.

Credit Acceptance Company Profile

Credit Acceptance Corporation engages in the provision of financing programs, and related products and services in the United States. The company advances money to automobile dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps the amount collected from the consumers.