25,175 Shares in Credit Acceptance Corporation (NASDAQ:CACC) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Credit Acceptance Corporation (NASDAQ:CACC - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,175 shares of the credit services provider's stock, valued at approximately $12,999,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.22% of Credit Acceptance at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. New York State Common Retirement Fund increased its position in shares of Credit Acceptance by 0.7% during the first quarter. New York State Common Retirement Fund now owns 3,780 shares of the credit services provider's stock worth $1,952,000 after purchasing an additional 27 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its holdings in Credit Acceptance by 2.8% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 1,690 shares of the credit services provider's stock valued at $873,000 after purchasing an additional 46 shares in the last quarter. Sierra Ocean LLC purchased a new stake in Credit Acceptance in the 1st quarter valued at approximately $26,000. Xponance Inc. boosted its holdings in Credit Acceptance by 10.4% in 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 position in shares of Credit Acceptance by 7.2% during the 4th quarter. Corient Private Wealth LLC now owns 1,030 shares of the credit services provider's stock valued at $484,000 after acquiring an additional 69 shares during the period. 81.71% of the stock is currently owned by institutional investors and hedge funds.

Credit Acceptance Price Performance

Shares of CACC stock traded down $8.01 during midday trading on Monday, reaching $512.46. 5,406 shares of the company traded hands, compared to its average volume of 114,814. The firm's 50 day simple moving average is $504.35 and its two-hundred day simple moving average is $497.22. Credit Acceptance Corporation has a 1-year low of $409.22 and a 1-year high of $590.50. The company has a debt-to-equity ratio of 3.92, a current ratio of 17.64 and a quick ratio of 17.64. The firm has a market cap of $5.94 billion, a PE ratio of 21.88 and a beta of 1.15.

Credit Acceptance (NASDAQ:CACC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The credit services provider reported $9.35 earnings per share for the quarter, missing the consensus estimate of $10.31 by ($0.96). Credit Acceptance had a net margin of 13.03% and a return on equity of 28.60%. The business had revenue of $571.10 million during the quarter, compared to analyst estimates of $570.25 million. During the same quarter last year, the firm posted $9.28 earnings per share. The company's revenue was up 12.4% on a year-over-year basis. On average, equities research analysts expect that Credit Acceptance Corporation will post 53.24 EPS for the current fiscal year.

Insider Buying and Selling at Credit Acceptance

In related news, insider Andrew K. Rostami sold 375 shares of the stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $505.29, for a total transaction of $189,483.75. Following the sale, the insider 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel A. Ulatowski sold 6,356 shares of the firm's 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 sale, the insider owned 28,290 shares in the company, valued at $14,771,906.40. The trade was a 18.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,731 shares of company stock valued at $14,307,733 in the last ninety days. Insiders own 5.30% of the company's stock.

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.