Beck Mack & Oliver LLC Has $183.67 Million Stock Holdings in Credit Acceptance Co. (NASDAQ:CACC)

Beck Mack & Oliver LLC raised its position in Credit Acceptance Co. (NASDAQ:CACC - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 391,238 shares of the credit services provider's stock after buying an additional 6,214 shares during the quarter. Credit Acceptance accounts for 3.4% of Beck Mack & Oliver LLC's holdings, making the stock its 8th biggest holding. Beck Mack & Oliver LLC owned 3.23% of Credit Acceptance worth $183,671,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC bought a new stake in shares of Credit Acceptance in the fourth quarter valued at approximately $28,000. First Horizon Advisors Inc. acquired a new position in Credit Acceptance in the fourth quarter valued at about $34,000. TD Private Client Wealth LLC bought a new stake in Credit Acceptance during the fourth quarter worth about $37,000. Farther Finance Advisors LLC bought a new stake in Credit Acceptance during the fourth quarter worth about $38,000. Finally, US Bancorp DE increased its holdings in Credit Acceptance by 50.4% in the 4th quarter. US Bancorp DE now owns 179 shares of the credit services provider's stock valued at $84,000 after buying an additional 60 shares during the period. Institutional investors own 81.71% of the company's stock.

Credit Acceptance Price Performance

NASDAQ CACC traded up $18.36 during trading on Thursday, hitting $481.45. 35,643 shares of the company's stock were exchanged, compared to its average volume of 62,558. The company has a market cap of $5.79 billion, a PE ratio of 24.27 and a beta of 1.27. 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 fifty-two week low of $409.22 and a fifty-two week high of $614.96. The stock's 50 day moving average price is $489.63 and its two-hundred day moving average price is $480.49.

Credit Acceptance (NASDAQ:CACC - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The credit services provider reported $10.17 earnings per share (EPS) 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%. Research analysts expect that Credit Acceptance Co. will post 53.24 EPS for the current year.

Insider Transactions at Credit Acceptance

In other news, insider Douglas W. Busk sold 3,000 shares of the business's stock in a transaction dated 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 directly owns 3,112 shares in the company, valued at approximately $1,605,698.64. The trade was a 49.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 transaction of $150,600.00. Following the completion of the transaction, the insider now 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. Company insiders own 5.30% of the company's stock.

Analysts Set New Price Targets

CACC has been the topic of several 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 research report on Friday, January 31st. StockNews.com upgraded Credit Acceptance from a "hold" rating to a "buy" rating in a research note on Friday, January 31st.

Credit Acceptance 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.