EntryPoint Capital LLC Invests $339,000 in Credit Acceptance Co. (NASDAQ:CACC)

EntryPoint Capital LLC acquired a new stake in shares of Credit Acceptance Co. (NASDAQ:CACC) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 722 shares of the credit services provider’s stock, valued at approximately $339,000.

Other large investors also recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its stake in shares of Credit Acceptance by 5.7% during the third quarter. HighTower Advisors LLC now owns 595 shares of the credit services provider’s stock valued at $263,000 after acquiring an additional 32 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in Credit Acceptance during the 4th quarter worth $28,000. US Bancorp DE raised its position in Credit Acceptance by 50.4% during the 4th quarter. US Bancorp DE now owns 179 shares of the credit services provider’s stock valued at $84,000 after purchasing an additional 60 shares in the last quarter. Xponance Inc. raised its position in Credit Acceptance by 10.4% during the 4th quarter. Xponance Inc. now owns 730 shares of the credit services provider’s stock valued at $343,000 after purchasing an additional 69 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its holdings in shares of Credit Acceptance by 7.2% in the 4th quarter. Corient Private Wealth LLC now owns 1,030 shares of the credit services provider’s stock worth $484,000 after buying an additional 69 shares during the period. 81.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Credit Acceptance

In related news, insider Nicholas J. Elliott sold 300 shares of the business’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $502.00, for a total transaction of $150,600.00. Following the transaction, the insider now directly owns 19,385 shares in the company, valued at $9,731,270. The trade was a 1.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CACC has been the subject of several recent research reports. StockNews.com upgraded Credit Acceptance from a “hold” rating to a “buy” rating in a report on Friday, January 31st. Stephens boosted their price target on shares of Credit Acceptance from $452.00 to $500.00 and gave the company an “equal weight” rating in a report on Friday, January 31st.

Credit Acceptance Trading Down 0.8 %

CACC opened at $510.41 on Thursday. 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 firm has a market cap of $6.14 billion, a price-to-earnings ratio of 25.70 and a beta of 1.51. Credit Acceptance Co. has a 12 month low of $409.22 and a 12 month high of $614.96. The stock has a fifty day moving average price of $499.76 and a 200-day moving average price of $473.92.

Credit Acceptance (NASDAQ:CACC) last announced its earnings results 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, equities research analysts anticipate that Credit Acceptance Co. will post 53.24 earnings per share for the current fiscal year.

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.