Sanctuary Advisors LLC Takes $486,000 Position in Credit Acceptance Co. (NASDAQ:CACC)

Sanctuary Advisors LLC acquired a new position in Credit Acceptance Co. (NASDAQ:CACC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 945 shares of the credit services provider's stock, valued at approximately $486,000.

A number of other hedge funds also recently bought and sold shares of the company. Eagle Bay Advisors LLC acquired a new position in shares of Credit Acceptance in the 4th quarter valued at $28,000. Quest Partners LLC raised its holdings in shares of Credit Acceptance by 11,900.0% in the third quarter. Quest Partners LLC now owns 120 shares of the credit services provider's stock valued at $53,000 after buying an additional 119 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Credit Acceptance during the fourth quarter valued at approximately $142,000. Point72 Hong Kong Ltd acquired a new position in shares of Credit Acceptance during the third quarter valued at $177,000. Finally, Principal Securities Inc. bought a new stake in shares of Credit Acceptance during the fourth quarter worth approximately $197,000. 81.71% of the stock is currently owned by institutional investors.

Credit Acceptance Price Performance

NASDAQ:CACC traded down $3.46 during mid-day trading on Thursday, reaching $477.21. The stock had a trading volume of 25,087 shares, compared to its average volume of 61,727. The stock has a 50-day simple moving average of $491.92 and a two-hundred day simple moving average of $471.37. The company has a debt-to-equity ratio of 3.63, a current ratio of 20.33 and a quick ratio of 20.33. Credit Acceptance Co. has a 12 month low of $409.22 and a 12 month high of $614.96. The stock has a market capitalization of $5.74 billion, a PE ratio of 24.03 and a beta of 1.47.

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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 (EPS) for the quarter, beating the consensus estimate of $7.70 by $2.47. Credit Acceptance had a return on equity of 29.01% and a net margin of 11.46%. On average, equities analysts anticipate that Credit Acceptance Co. will post 53.24 earnings per share for the current year.

Insider Activity

In other Credit Acceptance news, COO Jonathan Lum sold 552 shares of the business's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $489.90, for a total transaction of $270,424.80. Following the sale, the chief operating officer now owns 31,493 shares of the company's stock, valued at approximately $15,428,420.70. The trade was a 1.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Stephens upped their price objective on shares of Credit Acceptance from $452.00 to $500.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. StockNews.com raised Credit Acceptance from a "hold" rating to a "buy" rating in a research report on Friday, January 31st.

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.