Twin Lions Management LLC Takes $21.09 Million Position in Credit Acceptance Co. (NASDAQ:CACC)

Twin Lions Management LLC purchased a new stake in Credit Acceptance Co. (NASDAQ:CACC - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 44,931 shares of the credit services provider's stock, valued at approximately $21,093,000. Credit Acceptance accounts for approximately 20.5% of Twin Lions Management LLC's holdings, making the stock its biggest holding. Twin Lions Management LLC owned 0.37% of Credit Acceptance at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CACC. Eagle Bay Advisors LLC acquired a new position in shares of Credit Acceptance during the 4th quarter worth about $28,000. First Horizon Advisors Inc. acquired a new position in shares of Credit Acceptance during the 4th quarter worth about $34,000. TD Private Client Wealth LLC bought a new stake in shares of Credit Acceptance in the 4th quarter valued at about $37,000. Farther Finance Advisors LLC acquired a new stake in Credit Acceptance in the 4th quarter valued at about $38,000. Finally, US Bancorp DE grew its holdings in 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 purchasing an additional 60 shares during the period. Institutional investors and hedge funds own 81.71% of the company's stock.

Insider Activity

In other Credit Acceptance news, insider Nicholas J. Elliott sold 300 shares of the business's stock in a transaction dated Thursday, March 20th. The shares were 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 owns 19,385 shares of the company's stock, valued at $9,731,270. The trade was a 1.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Douglas W. Busk sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $515.97, for a total transaction of $1,547,910.00. Following the transaction, the insider now directly owns 3,112 shares in the company, valued at $1,605,698.64. This 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 company insiders.

Credit Acceptance Stock Performance

Shares of NASDAQ:CACC traded down $3.39 during trading on Friday, reaching $483.36. 53,285 shares of the stock were exchanged, compared to its average volume of 62,919. Credit Acceptance Co. has a 12 month low of $409.22 and a 12 month high of $614.96. The stock has a 50-day moving average price of $488.13 and a 200-day moving average price of $481.27. 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 $5.82 billion, a PE ratio of 24.34 and a beta of 1.27.

Credit Acceptance (NASDAQ:CACC - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The credit services provider reported $10.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.70 by $2.47. Credit Acceptance had a return on equity of 29.01% and a net margin of 11.46%. Research analysts expect that Credit Acceptance Co. will post 53.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CACC shares. StockNews.com upgraded Credit Acceptance from a "hold" rating to a "buy" rating in a research note on Friday, January 31st. Stephens upped their price objective 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 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.