2 weeks Ago By ABMN Staff
American Century Companies Inc. reduced its stake in shares of Credit Acceptance Co. ( NASDAQ:CACC – Free Report ) by 51.
6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,493 shares of the credit services provider’s stock after selling 3,719 shares during the quarter. American Century Companies Inc.
’s holdings in Credit Acceptance were worth $1,798,000 at the end of the most recent quarter. A number of other institutional investors have also recently added to or reduced their stakes in CACC. Allianz Asset Management GmbH bought a new position in Credit Acceptance during the 4th quarter worth $2,845,000.
Crow s Nest Holdings LP grew its stake in Credit Acceptance by 39.4% during the 4th quarter. Crow s Nest Holdings LP now owns 92,000 shares of the credit services provider’s stock worth $49,011,000 after buying an additional 26,000 shares during the last quarter.
Goodnow Investment Group LLC grew its stake in Credit Acceptance by 17.0% during the 4th quarter. Goodnow Investment Group LLC now owns 77,941 shares of the credit services provider’s stock worth $41,522,000 after buying an additional 11,310 shares during the last quarter.
Lodestone Wealth Management LLC grew its stake in Credit Acceptance by 26.1% during the 1st quarter. Lodestone Wealth Management LLC now owns 1,497 shares of the credit services provider’s stock worth $826,000 after buying an additional 310 shares during the last quarter.
Finally, BNP Paribas Financial Markets grew its stake in Credit Acceptance by 2.5% during the 1st quarter. BNP Paribas Financial Markets now owns 4,618 shares of the credit services provider’s stock worth $2,547,000 after buying an additional 111 shares during the last quarter.
81.71% of the stock is currently owned by institutional investors. Insider Activity In other news, insider Thomas W.
Smith sold 1,200 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $451.01, for a total transaction of $541,212.
00. Following the completion of the sale, the insider now directly owns 74,450 shares of the company’s stock, valued at $33,577,694.50.
The sale was disclosed in a document filed with the SEC, which is available at the SEC website . Insiders own 5.30% of the company’s stock.
Wall Street Analyst Weigh In Read Our Latest Stock Report on CACC Credit Acceptance Trading Up 1.4 % Shares of Credit Acceptance stock opened at $447.69 on Monday.
The company has a quick ratio of 19.15, a current ratio of 19.15 and a debt-to-equity ratio of 3.
77. The firm has a market cap of $5.42 billion, a price-to-earnings ratio of 22.
97 and a beta of 1.42. The business has a fifty day simple moving average of $473.
99 and a 200-day simple moving average of $504.82. Credit Acceptance Co.
has a fifty-two week low of $379.77 and a fifty-two week high of $616.66.
Credit Acceptance ( NASDAQ:CACC – Get Free Report ) last announced its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $10.29 earnings per share for the quarter, beating the consensus estimate of $7.
20 by $3.09. The business had revenue of $538.
20 million during the quarter, compared to analyst estimates of $525.03 million. Credit Acceptance had a return on equity of 30.
77% and a net margin of 9.01%. The company’s revenue was up 12.
6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $10.69 earnings per share.
On average, equities analysts forecast that Credit Acceptance Co. will post 38.87 EPS for the current fiscal year.
Credit Acceptance Company Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding CACC? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Credit Acceptance Co. ( NASDAQ:CACC – Free Report ). Receive News & Ratings for Credit Acceptance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Credit Acceptance and related companies with MarketBeat.
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