2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. raised its stake in Credit Acceptance Co. ( NASDAQ:CACC – Free Report ) by 805.
0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 27,450 shares of the credit services provider’s stock after buying an additional 24,417 shares during the quarter.
Envestnet Asset Management Inc.’s holdings in Credit Acceptance were worth $12,887,000 as of its most recent filing with the Securities & Exchange Commission. Several other institutional investors also recently made changes to their positions in the stock.
HighTower Advisors LLC boosted its position in Credit Acceptance by 5.7% during the 3rd quarter. HighTower Advisors LLC now owns 595 shares of the credit services provider’s stock valued at $263,000 after purchasing an additional 32 shares during the period.
Eagle Bay Advisors LLC acquired a new position in shares of Credit Acceptance during the fourth quarter valued at $28,000. US Bancorp DE grew its position in shares of Credit Acceptance by 50.4% during the fourth quarter.
US Bancorp DE now owns 179 shares of the credit services provider’s stock worth $84,000 after acquiring an additional 60 shares during the last quarter. Xponance Inc. increased its holdings in shares of Credit Acceptance by 10.
4% in the 4th quarter. Xponance Inc. now owns 730 shares of the credit services provider’s stock worth $343,000 after acquiring an additional 69 shares during the period.
Finally, Corient Private Wealth LLC lifted its position in Credit Acceptance by 7.2% in 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 during the last quarter.
81.71% of the stock is owned by institutional investors. Insiders Place Their Bets In related news, insider Nicholas J.
Elliott sold 300 shares of the business’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 sale, the insider now directly owns 19,385 shares in the company, valued at $9,731,270. The trade was a 1.
52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link . Also, insider Douglas W.
Busk sold 3,000 shares of the firm’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 transaction of $1,547,910.
00. Following the sale, the insider now owns 3,112 shares of the company’s stock, valued at $1,605,698.64.
The trade was a 49.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
5.30% of the stock is currently owned by insiders. Wall Street Analysts Forecast Growth View Our Latest Research Report on CACC Credit Acceptance Stock Performance CACC stock opened at $472.
19 on Friday. The company has a 50-day simple moving average of $494.50 and a 200 day simple moving average of $479.
73. The company has a market capitalization of $5.68 billion, a P/E ratio of 23.
78 and a beta of 1.27. The company has a quick ratio of 20.
33, a current ratio of 20.33 and a debt-to-equity ratio of 3.63.
Credit Acceptance Co. has a fifty-two week low of $409.22 and a fifty-two week high of $614.
96. Credit Acceptance ( NASDAQ:CACC – Get Free Report ) last issued its quarterly earnings results on Thursday, January 30th. The credit services provider reported $10.
17 earnings per share for the quarter, topping analysts’ consensus estimates of $7.70 by $2.47.
Credit Acceptance had a net margin of 11.46% and a return on equity of 29.01%.
Sell-side analysts predict that Credit Acceptance Co. will post 53.24 earnings per share for the current fiscal year.
Credit Acceptance 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. Featured Stories 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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