Linden Thomas Advisory Services LLC Has $772,000 Stock Position in Credit Acceptance Co. (NASDAQ:CACC)

Linden Thomas Advisory Services LLC reduced its position in shares of Credit Acceptance Co. (NASDAQ:CACC) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,644 shares of the credit services provider’s stock after selling 41 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Credit Acceptance were worth $772,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Eagle Bay Advisors LLC acquired a new position in Credit Acceptance during the 4th quarter worth approximately $28,000. Quest Partners LLC raised its stake in Credit Acceptance by 11,900.0% during the 3rd quarter. Quest Partners LLC now owns 120 shares of the credit services provider’s stock worth $53,000 after buying an additional 119 shares during the period. nVerses Capital LLC raised its stake in Credit Acceptance by 200.0% during the 3rd quarter. nVerses Capital LLC now owns 300 shares of the credit services provider’s stock worth $133,000 after buying an additional 200 shares during the period. SG Americas Securities LLC acquired a new position in Credit Acceptance during the 4th quarter worth approximately $142,000. Finally, Point72 Hong Kong Ltd bought a new stake in Credit Acceptance during the 3rd quarter worth approximately $177,000. 81.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, COO Jonathan Lum sold 552 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $489.90, for a total value of $270,424.80. Following the transaction, the chief operating officer now owns 31,493 shares in the company, valued at approximately $15,428,420.70. This represents a 1.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.30% of the stock is currently owned by corporate insiders.

Credit Acceptance Stock Performance

CACC stock opened at $523.55 on Monday. The firm has a market cap of $6.34 billion, a PE ratio of 35.16 and a beta of 1.46. The company has a quick ratio of 23.63, a current ratio of 23.63 and a debt-to-equity ratio of 3.79. The business has a 50 day moving average of $476.50 and a 200-day moving average of $475.15. Credit Acceptance Co. has a 12-month low of $409.22 and a 12-month high of $616.66.

Credit Acceptance (NASDAQ:CACC) last released its earnings results on Wednesday, October 30th. The credit services provider reported $8.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.88 by $0.91. The company had revenue of $550.30 million during the quarter, compared to analyst estimates of $548.13 million. Credit Acceptance had a return on equity of 29.18% and a net margin of 9.08%. Credit Acceptance’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the company posted $10.70 earnings per share. As a group, sell-side analysts expect that Credit Acceptance Co. will post 36.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CACC has been the subject of a number of recent research reports. StockNews.com lowered Credit Acceptance from a “buy” rating to a “hold” rating in a report on Thursday. TD Cowen decreased their price objective on Credit Acceptance from $400.00 to $380.00 and set a “sell” rating for the company in a report on Friday, November 1st. Finally, Stephens initiated coverage on Credit Acceptance in a report on Wednesday, November 13th. They set an “equal weight” rating and a $452.00 price objective for the company.

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.