1,829 Shares in Credit Acceptance Co. (NASDAQ:CACC) Bought by Stifel Financial Corp

Stifel Financial Corp acquired a new position in Credit Acceptance Co. (NASDAQ:CACC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,829 shares of the credit services provider’s stock, valued at approximately $859,000.

Other institutional investors have also recently bought and sold shares of the company. Eagle Bay Advisors LLC purchased a new position in shares of Credit Acceptance in the 4th quarter worth about $28,000. US Bancorp DE lifted its holdings in Credit Acceptance by 50.4% during the 4th quarter. US Bancorp DE now owns 179 shares of the credit services provider’s stock worth $84,000 after purchasing an additional 60 shares in the last quarter. Xponance Inc. boosted its position in shares of Credit Acceptance by 10.4% in the fourth quarter. Xponance Inc. now owns 730 shares of the credit services provider’s stock valued at $343,000 after acquiring an additional 69 shares during the period. Corient Private Wealth LLC grew its position in shares of Credit Acceptance by 7.2% during the 4th quarter. Corient Private Wealth LLC now owns 1,030 shares of the credit services provider’s stock valued at $484,000 after purchasing an additional 69 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its stake in Credit Acceptance by 2.7% in the 4th quarter. Wedge Capital Management L L P NC now owns 2,687 shares of the credit services provider’s stock worth $1,261,000 after acquiring an additional 70 shares during the last quarter. Institutional investors own 81.71% of the company’s stock.

Insider Activity at Credit Acceptance

In other news, insider Douglas W. Busk sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $515.97, for a total value of $1,547,910.00. Following the sale, the insider now directly owns 3,112 shares of the company’s stock, valued at $1,605,698.64. The trade was a 49.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Nicholas J. Elliott sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $502.00, for a total value of $150,600.00. Following the transaction, the insider now directly owns 19,385 shares of the company’s stock, valued at approximately $9,731,270. This trade represents a 1.52 % decrease in their position. The disclosure for this sale can be found here. 5.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CACC has been the topic of a number of research analyst reports. Stephens increased their price target on shares of Credit Acceptance from $452.00 to $500.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. StockNews.com upgraded shares of Credit Acceptance from a “hold” rating to a “buy” rating in a report on Friday, January 31st.

Credit Acceptance Stock Down 0.6 %

Shares of NASDAQ CACC opened at $490.64 on Friday. The firm has a fifty day simple moving average of $487.94 and a two-hundred day simple moving average of $482.52. The firm has a market capitalization of $5.69 billion, a PE ratio of 24.70 and a beta of 1.23. The company has a current ratio of 20.33, a quick ratio of 20.33 and a debt-to-equity ratio of 3.63. Credit Acceptance Co. has a 12 month low of $409.22 and a 12 month high of $614.96.

Credit Acceptance (NASDAQ:CACC) last issued its quarterly earnings data on Wednesday, April 30th. The credit services provider reported $9.35 EPS for the quarter, missing the consensus estimate of $10.31 by ($0.96). Credit Acceptance had a return on equity of 29.01% and a net margin of 11.46%. The company had revenue of $571.10 million during the quarter, compared to analysts’ expectations of $570.25 million. During the same quarter last year, the business earned $9.28 earnings per share. The business’s quarterly revenue was up 12.4% on a year-over-year basis. Equities analysts expect that Credit Acceptance Co. will post 53.24 earnings per share for the current year.

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.