667 Shares in Credit Acceptance Corporation (NASDAQ:CACC) Bought by Blueshift Asset Management LLC

Key Points

• Blueshift Asset Management LLC has acquired 667 shares of Credit Acceptance Corporation (NASDAQ:CACC), valued at approximately $344,000, as reported in their latest 13F filing.
• Credit Acceptance Corporation's stock has decreased 8.7%, with its recent opening price at $447.51 and a market cap of $5.19 billion.
• Insider transactions saw significant share sales, including Daniel A. Ulatowski selling over $3.3 million worth of shares, indicating a decrease in insider ownership by 18.35%.

Blueshift Asset Management LLC bought a new stake in Credit Acceptance Corporation (NASDAQ:CACC - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 667 shares of the credit services provider's stock, valued at approximately $344,000.

A number of other large investors also recently bought and sold shares of CACC. US Bancorp DE lifted its position in shares of Credit Acceptance by 35.8% during the first quarter. US Bancorp DE now owns 243 shares of the credit services provider's stock worth $125,000 after purchasing an additional 64 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in shares of Credit Acceptance during the first quarter worth about $225,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Credit Acceptance during the first quarter worth about $147,000. LPL Financial LLC lifted its position in shares of Credit Acceptance by 16.5% during the first quarter. LPL Financial LLC now owns 2,578 shares of the credit services provider's stock worth $1,331,000 after purchasing an additional 365 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Credit Acceptance during the first quarter worth about $12,999,000. Institutional investors and hedge funds own 81.71% of the company's stock.

Insider Buying and Selling

In other Credit Acceptance news, insider Andrew K. Rostami sold 375 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $505.29, for a total value of $189,483.75. Following the transaction, the insider directly owned 25,478 shares in the company, valued at $12,873,778.62. This represents a 1.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Daniel A. Ulatowski sold 6,356 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $522.16, for a total transaction of $3,318,848.96. Following the completion of the transaction, the insider owned 28,290 shares in the company, valued at $14,771,906.40. This represents a 18.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,731 shares of company stock worth $14,307,733. Company insiders own 5.30% of the company's stock.

Credit Acceptance Stock Up 0.2%

Shares of CACC traded up $0.69 during mid-day trading on Monday, hitting $448.20. 144,093 shares of the company's stock were exchanged, compared to its average volume of 116,061. The company has a market cap of $5.20 billion, a price-to-earnings ratio of 12.92 and a beta of 1.13. Credit Acceptance Corporation has a fifty-two week low of $409.22 and a fifty-two week high of $560.00. The company has a debt-to-equity ratio of 4.16, a quick ratio of 22.03 and a current ratio of 22.03. The stock's 50-day moving average is $505.02 and its 200-day moving average is $498.35.

Credit Acceptance (NASDAQ:CACC - Get Free Report) last released its earnings results on Thursday, July 31st. The credit services provider reported $8.56 earnings per share for the quarter, missing analysts' consensus estimates of $9.84 by ($1.28). Credit Acceptance had a return on equity of 27.06% and a net margin of 18.69%. The firm had revenue of $583.80 million for the quarter, compared to analysts' expectations of $583.30 million. During the same quarter in the previous year, the company posted $10.29 earnings per share. The firm's quarterly revenue was up 8.5% on a year-over-year basis. On average, sell-side analysts anticipate that Credit Acceptance Corporation 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.