First Acceptance (FACO) Stock Price, News & Analysis

Company Overview

First Acceptance Corporation, together with its subsidiaries, operates as a retailer, servicer, and underwriter of non-standard personal automobile insurance and related products in the United States. It issues non-standard automobile insurance policies to individuals based on their inability or unwillingness to obtain insurance coverage from standard carriers due to various factors, including their payment preference, failure to maintain continuous insurance coverage, or driving record. The company also underwrites auto and motorcycle insurance products; and renters, homeowners, commercial, pet, life, travel, outdoor vehicle, and hospital indemnity insurance products. In addition, it provides TeleMed, a subscription service that offers access to doctor for consulting, diagnosing, and prescribing medication for non-emergency illness. The company primarily distributes its products through its retail locations, as well as through call center and internet. As of December 31, 2021, it leased and operated 338 retail locations, and a call center. First Acceptance Corporation was founded in 1969 and is headquartered in Nashville, Tennessee.

Key Stats

• Today's Range: $3.16 to $3.40
• 50-Day Range: $3.06 to $3.69
• 52-Week Range: $1.47 to $4.35
• Volume: 10,977 shs
• Average Volume: 10,099 shs
• Market Capitalization: $127.90 million
• P/E Ratio: 1.60
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

First Acceptance Stock Analysis - MarketRank™

First Acceptance scored higher than 21% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for First Acceptance.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of First Acceptance is 1.60, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.32.

Price to Earnings Ratio vs. Sector

The P/E ratio of First Acceptance is 1.60, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 48.59.

Price to Book Value per Share Ratio

First Acceptance has a P/B Ratio of 0.77. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.00% of the outstanding shares of First Acceptance have been sold short.

Short Interest Ratio / Days to Cover

First Acceptance has a short interest ratio ("days to cover") of 0.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in First Acceptance has recently increased by 12.50%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

First Acceptance does not currently pay a dividend.

Dividend Growth

First Acceptance does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.00% of the outstanding shares of First Acceptance have been sold short.

Short Interest Ratio / Days to Cover

First Acceptance has a short interest ratio ("days to cover") of 0.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in First Acceptance has recently increased by 12.50%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: 0.77

News Sentiment

First Acceptance has a news sentiment score of 0.77. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for First Acceptance this week, compared to 0 articles on an average week.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, First Acceptance insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 9.50% of the stock of First Acceptance is held by insiders.

Percentage Held by Institutions

Only 0.08% of the stock of First Acceptance is held by institutions.

FACO Stock Analysis - Frequently Asked Questions

How have FACO shares performed this year?

First Acceptance's stock was trading at $2.12 on January 1st, 2024. Since then, FACO stock has increased by 58.1% and is now trading at $3.3525.
View the best growth stocks for 2024 here.

How were First Acceptance's earnings last quarter?

First Acceptance Co. (OTCMKTS:FACO) released its quarterly earnings results on Wednesday, November, 6th. The company reported $0.14 EPS for the quarter. The firm earned $129.26 million during the quarter. First Acceptance had a net margin of 12.41% and a trailing twelve-month return on equity of 53.03%.

How do I buy shares of First Acceptance?

Shares of FACO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of First Acceptance own?

Based on aggregate information from My MarketBeat watchlists, some other companies that First Acceptance investors own include Devon Energy (DVN) and Clean Energy Fuels (CLNE).

Company Calendar

• Last Earnings: 11/06/2024
• Today: 11/19/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: OTCMKTS
• Sector: Finance
• Industry: Fire, marine, & casualty insurance
• Sub-Industry: N/A
• Current Symbol: OTCMKTS:FACO
• CUSIP: N/A
• CIK: N/A
• Web: www.acceptanceinsurance.com
• Phone: (615) 844-2800
• Fax: 615-844-2835
• Employees: 1,193
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $2.09
• Trailing P/E Ratio: 1.60
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $73.91 million
• Net Margins: 12.41%
• Pretax Margin: 16.64%
• Return on Equity: 53.03%
• Return on Assets: 13.17%

Debt

• Debt-to-Equity Ratio: 0.25
• Current Ratio: 0.57
• Quick Ratio: 0.59

Sales & Book Value

• Annual Sales: $560.58 million
• Price / Sales: 0.23
• Cash Flow: $2.01 per share
• Price / Cash Flow: 1.67
• Book Value: $4.33 per share
• Price / Book: 0.77

Miscellaneous

• Outstanding Shares: 38,150,000
• Free Float: 34,527,000
• Market Cap: $127.90 million
• Optionable: Not Optionable
• Beta: 0.21