Credit Acceptance Co. (NASDAQ:CACC) Shares Purchased by Kize Capital LP

Kize Capital LP boosted its position in shares of Credit Acceptance Co. (NASDAQ:CACC - Free Report) by 23.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,233 shares of the credit services provider's stock after acquiring an additional 16,156 shares during the quarter. Credit Acceptance accounts for approximately 35.6% of Kize Capital LP's investment portfolio, making the stock its biggest position. Kize Capital LP owned 0.70% of Credit Acceptance worth $39,544,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Bridgewater Associates LP raised its position in Credit Acceptance by 268.2% in the 4th quarter. Bridgewater Associates LP now owns 8,354 shares of the credit services provider's stock valued at $3,922,000 after purchasing an additional 6,085 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Credit Acceptance during the 4th quarter worth $493,000. Barclays PLC lifted its holdings in Credit Acceptance by 277.1% during the 4th quarter. Barclays PLC now owns 19,763 shares of the credit services provider's stock worth $9,277,000 after buying an additional 14,522 shares during the last quarter. Giverny Capital Inc. boosted its holdings in Credit Acceptance by 1.0% in the fourth quarter. Giverny Capital Inc. now owns 29,558 shares of the credit services provider's stock valued at $13,876,000 after purchasing an additional 300 shares in the last quarter. Finally, Paralel Advisors LLC boosted its holdings in shares of Credit Acceptance by 10.1% in the 4th quarter. Paralel Advisors LLC now owns 4,555 shares of the credit services provider's stock valued at $2,138,000 after buying an additional 416 shares in the last quarter. 81.71% of the stock is owned by institutional investors and hedge funds.

Credit Acceptance Stock Performance

Shares of Credit Acceptance stock traded down $9.96 during trading hours on Friday, hitting $472.19. 57,863 shares of the company were exchanged, compared to its average volume of 62,520. The company has a current ratio of 20.33, a quick ratio of 20.33 and a debt-to-equity ratio of 3.63. The business has a 50-day moving average of $493.17 and a 200-day moving average of $480.47. Credit Acceptance Co. has a 1 year low of $409.22 and a 1 year high of $614.96. The stock has a market capitalization of $5.68 billion, a price-to-earnings ratio of 23.78 and a beta of 1.27.

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

Wall Street Analyst Weigh In

CACC has been the subject of a number of research analyst reports. Stephens upped their target price on 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 upgraded shares of Credit Acceptance from a "hold" rating to a "buy" rating in a research report on Friday, January 31st.

Insiders Place Their Bets

In other news, insider Douglas W. Busk sold 3,000 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $515.97, for a total value of $1,547,910.00. Following the completion of the transaction, the insider now owns 3,112 shares in the company, valued at $1,605,698.64. This trade represents a 49.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nicholas J. Elliott sold 300 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $502.00, for a total transaction of $150,600.00. Following the sale, the insider now directly owns 19,385 shares in the company, valued at approximately $9,731,270. This represents a 1.52 % decrease in their position. The disclosure for this sale can be found here. 5.30% of the stock is currently owned by insiders.

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.