Hyperion Capital Advisors LP Has $12.21 Million Stake in Credit Acceptance Co. (NASDAQ:CACC)

Hyperion Capital Advisors LP lowered its holdings in Credit Acceptance Co. (NASDAQ:CACC - Free Report) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,016 shares of the credit services provider's stock after selling 1,485 shares during the quarter. Credit Acceptance comprises about 6.3% of Hyperion Capital Advisors LP's investment portfolio, making the stock its 6th largest position. Hyperion Capital Advisors LP owned 0.21% of Credit Acceptance worth $12,213,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Eagle Bay Advisors LLC bought a new stake in shares of Credit Acceptance during the fourth quarter worth $28,000. First Horizon Advisors Inc. bought a new stake in shares of Credit Acceptance during the fourth quarter worth $34,000. TD Private Client Wealth LLC bought a new stake in shares of Credit Acceptance during the fourth quarter worth $37,000. Farther Finance Advisors LLC bought a new stake in shares of Credit Acceptance during the fourth quarter worth $38,000. Finally, US Bancorp DE raised its position in shares of Credit Acceptance by 50.4% during the fourth quarter. US Bancorp DE now owns 179 shares of the credit services provider's stock worth $84,000 after acquiring an additional 60 shares during the last quarter. Institutional investors and hedge funds own 81.71% of the company's stock.

Insider Activity at Credit Acceptance

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Stephens boosted their target price on 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 report on Friday, January 31st.

Credit Acceptance Trading Up 0.3%

NASDAQ CACC traded up $1.70 on Friday, reaching $503.24. The company had a trading volume of 12,983 shares, compared to its average volume of 67,265. The stock's 50 day moving average is $489.05 and its 200-day moving average is $483.24. The stock has a market cap of $5.84 billion, a price-to-earnings ratio of 25.40 and a beta of 1.23. The company has a quick ratio of 20.33, a current ratio of 20.33 and a debt-to-equity ratio of 3.63. Credit Acceptance Co. has a 52 week low of $409.22 and a 52 week high of $614.96.

Credit Acceptance (NASDAQ:CACC - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The credit services provider reported $9.35 EPS for the quarter, missing analysts' consensus estimates of $10.31 by ($0.96). The company had revenue of $571.10 million during the quarter, compared to the consensus estimate of $570.25 million. Credit Acceptance had a net margin of 11.46% and a return on equity of 29.01%. The company's revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $9.28 EPS. Equities analysts predict that Credit Acceptance Co. will post 53.24 earnings per share for the current 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.