First Acceptance Corporation is a retailer, servicer and underwriter of non-standard personal automobile insurance based in Nashville, Tennessee. The Company operates in two segments: Insurance, and Real estate and corporate. Its insurance operations are engaged in selling non-standard personal automobile insurance products and related products in over 20 states. The real estate and corporate segment consists of the activities related to the disposition of foreclosed real estate held for sale, interest expense associated with all debt and other general corporate overhead expenses. The Company conducts its servicing and underwriting operations in approximately 10 states and is licensed as an insurer in over 10 additional states. It leases and operates approximately 440 retail locations and a call center staffed by employee-agents who primarily sell non-standard personal automobile insurance products underwritten by the Company, as well as certain commissionable ancillary products.
Industry, Sector and Symbol:
- Market Cap: $46.14 million
- Outstanding Shares: 41,199,000
- 50 Day Moving Avg: $0.99
- 200 Day Moving Avg: $1.15
- 52 Week Range: $0.74 - $1.74
Sales & Book Value:
- Trailing P/E Ratio: N/A
- P/E Growth: 0.00
- Annual Revenue: $369.4 million
- Price / Sales: 0.12
- Book Value: $1.79 per share
- Price / Book: 0.59
- EBIDTA: $2.6 million
- Net Margins: -1.10%
- Return on Equity: -9.72%
- Return on Assets: -1.70%
- Debt-to-Equity Ratio: 0.95%
- Current Ratio: 0.78%
- Quick Ratio: 0.78%
- Average Volume: 31,242 shs.
- Beta: 0.79
- Short Ratio: 0.95
Frequently Asked Questions for First Acceptance Corporation (NYSE:FAC)
What is First Acceptance Corporation's stock symbol?
First Acceptance Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "FAC."
How were First Acceptance Corporation's earnings last quarter?
First Acceptance Corporation (NYSE:FAC) announced its earnings results on Wednesday, August, 9th. The company reported ($0.02) earnings per share for the quarter. The business had revenue of $91.41 million for the quarter. First Acceptance Corporation had a negative net margin of 1.10% and a negative return on equity of 9.72%. View First Acceptance Corporation's Earnings History.
When will First Acceptance Corporation make its next earnings announcement?
Who are some of First Acceptance Corporation's key competitors?
Some companies that are related to First Acceptance Corporation include Mackinac Financial Corporation (MFNC), Harvest Capital Credit Corporation (HCAP), American River Bankshares (AMRB), Sotherly Hotels (SOHO), Eagle Bancorp Montana (EBMT), Atlantic American Corporation (AAME), Patriot National Bancorp (PNBK), Anchor Bancorp (ANCB), Real Industry (RELY), GWG Holdings (GWGH), RAIT Financial Trust (RAS), Manning & Napier (MN), Unico American Corporation (UNAM), Porter Bancorp (PBIB), Medallion Financial Corp. (MFIN), Conifer Holdings (CNFR), Manhattan Bridge Capital (LOAN) and Patriot National (PN).
Who are First Acceptance Corporation's key executives?
First Acceptance Corporation's management team includes the folowing people:
- Jeremy B. Ford, Chairman of the Board
- Kenneth D. Russell, Director, Interim President and Chief Executive Officer
- Brent J. Gay, Chief Financial Officer, Senior Vice President
- Donald J. Edwards, Director
- Mark A. Kelly, Director
- Rhodes R. Bobbitt, Independent Director
- Harvey Berry Cash, Independent Director
- Thomas C. Nichols, Independent Director
Who owns First Acceptance Corporation stock?
First Acceptance Corporation's stock is owned by many different of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (4.97%), Vanguard Group Inc. (1.11%) and Wells Fargo & Company MN (0.42%). Company insiders that own First Acceptance Corporation stock include Brent J Gay, Kenneth D Russell and Rhodes R Bobbitt. View Institutional Ownership Trends for First Acceptance Corporation.
Who sold First Acceptance Corporation stock? Who is selling First Acceptance Corporation stock?
How do I buy First Acceptance Corporation stock?
Shares of First Acceptance Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is First Acceptance Corporation's stock price today?
MarketBeat Community Rating for First Acceptance Corporation (NYSE FAC)MarketBeat's community ratings are surveys of what our community members think about First Acceptance Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of First Acceptance Corporation stock can currently be purchased for approximately $1.05.
Consensus Ratings for First Acceptance Corporation (NYSE:FAC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
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Analysts' Ratings History for First Acceptance Corporation (NYSE:FAC)
No equities research coverage for this company has been tracked by MarketBeat.com
Earnings History for First Acceptance Corporation (NYSE:FAC)Earnings History by Quarter for First Acceptance Corporation (NYSE FAC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/9/2017||Q2 2017||($0.02)||$91.41 million||View||N/A|
|11/10/2016||Q3 2016||($0.09)||$102.12 million||View||N/A|
Earnings Estimates for First Acceptance Corporation (NYSE:FAC)
No earnings estimates for this company have been tracked by MarketBeat.com
Dividend History for First Acceptance Corporation (NYSE:FAC)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for First Acceptance Corporation (NYSE:FAC)
Insider Ownership Percentage: 9.50%Insider Trades by Quarter for First Acceptance Corporation (NYSE:FAC)
Institutional Ownership Percentage: 19.83%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/24/2017||Rhodes R Bobbitt||Director||Buy||800||$1.02||$816.00|| |
|8/17/2017||Rhodes R Bobbitt||Director||Buy||200||$0.85||$170.00|| |
|8/16/2017||Rhodes R Bobbitt||Director||Buy||6,516||$0.85||$5,538.60|| |
|8/15/2017||Rhodes R Bobbitt||Director||Buy||4,090||$0.85||$3,476.50|| |
|8/14/2017||Rhodes R Bobbitt||Director||Buy||1,958||$0.85||$1,664.30|| |
|3/17/2017||Kenneth D Russell||CEO||Buy||50,000||$1.47||$73,500.00|| |
|3/17/2017||Rhodes R Bobbitt||Director||Buy||3,639||$1.34||$4,876.26|| |
|12/15/2016||Rhodes R Bobbitt||Director||Buy||25,000||$1.15||$28,750.00|| |
|11/17/2016||Rhodes R Bobbitt||Director||Buy||27,883||$1.09||$30,392.47|| |
|11/16/2016||Rhodes R Bobbitt||Director||Buy||80,600||$1.06||$85,436.00|| |
|11/17/2015||Brent J. Gay||CFO||Buy||5,000||$2.29||$11,450.00|| |
|11/17/2015||Rhodes R Bobbitt||Director||Buy||21,200||$2.33||$49,396.00|| |
|11/16/2015||Brent J. Gay||CFO||Buy||200||$2.29||$458.00|| |
|9/9/2015||Rhodes R Bobbitt||Director||Buy||20,300||$2.72||$55,216.00|| |
|8/31/2015||Rhodes R Bobbitt||Director||Buy||18,326||$2.77||$50,763.02|| |
|5/15/2015||Lyndon L Olson Jr||Director||Buy||50,000||$2.96||$148,000.00|| |
|9/3/2014||Jeremy B Ford||Director||Buy||18,250||$2.50||$45,625.00|| |
|6/16/2014||Kenneth D Russell||Director||Buy||10,000||$2.35||$23,500.00|| |
|12/6/2013||Jeremy B Ford||Director||Buy||250,200||$1.91||$477,882.00|| |
|6/14/2013||Jeremy B Ford||Director||Buy||104,736||$1.21||$126,730.56|| |
|6/12/2013||Mark A Kelly||CEO||Buy||15,000||$1.20||$18,000.00|| |
Headline Trends for First Acceptance Corporation (NYSE:FAC)
Latest Headlines for First Acceptance Corporation (NYSE:FAC)
|First Acceptance Receives Continued Listed Standard Notice from NYSE|
finance.yahoo.com - August 23 at 11:29 PM
|First Acceptance Corporation (FAC) Releases Quarterly Earnings Results|
www.americanbankingnews.com - August 11 at 12:20 AM
|First Acceptance Corporation (NYSE:FAC) to Release Quarterly Earnings on Thursday|
www.americanbankingnews.com - August 10 at 8:06 AM
|First Acceptance Corporation Reports Operating Results for the Quarter and Six Months Ended June 30, 2017|
finance.yahoo.com - August 9 at 6:45 PM
|ETFs with exposure to First Acceptance Corp. : August 7, 2017|
finance.yahoo.com - August 7 at 6:47 PM
|First Acceptance Corporation (NYSE:FAC) Scheduled to Post Quarterly Earnings on Wednesday|
www.americanbankingnews.com - August 3 at 10:40 AM
|ETFs with exposure to First Acceptance Corp. : May 25, 2017|
finance.yahoo.com - May 25 at 7:12 PM
|First Acceptance Corp. :FAC-US: Earnings Analysis: Q1, 2017 By the Numbers : May 24, 2017|
finance.yahoo.com - May 24 at 12:14 PM
|First Acceptance posts 1Q profit|
marketbeat.com - May 9 at 5:21 PM
|First Acceptance Corporation Reports Operating Results for the Three Months Ended March 31, 2017|
finance.yahoo.com - May 9 at 5:01 PM
|First Acceptance (FAC) Earns Daily News Impact Rating of 0.21|
www.americanbankingnews.com - May 4 at 1:21 AM
|First Acceptance (FAC) Getting Somewhat Positive Press Coverage, Analysis Finds|
www.americanbankingnews.com - April 29 at 2:51 PM
|First Acceptance (FAC) Getting Somewhat Favorable Media Coverage, Study Shows|
www.americanbankingnews.com - April 14 at 12:02 PM
|ETFs with exposure to First Acceptance Corp. : April 5, 2017|
finance.yahoo.com - April 7 at 9:46 AM
|Kenneth D. Russell Acquires 50,000 Shares of First Acceptance Co. (FAC) Stock|
www.americanbankingnews.com - March 21 at 7:58 PM
|First Acceptance Corporation Reports Operating Results for the Quarter and Year Ended December 31, 2016|
us.rd.yahoo.com - March 14 at 4:28 PM
|FIRST ACCEPTANCE CORP /DE/ Files SEC form 10-K, Annual Report|
us.rd.yahoo.com - March 14 at 4:28 PM
|Restoration Hardware's (RH) CEO Gary Friedman on Q3 2016 Results - Earnings Call Transcript|
seekingalpha.com - December 8 at 10:47 PM
|A.M. Best Downgrades Credit Ratings for First Acceptance Corporation and Its Subsidiaries|
uk.finance.yahoo.com - November 23 at 4:49 PM
|Insider Buys Shares of First Acceptance|
finance.yahoo.com - November 17 at 10:07 PM
|First Acceptance Corporation Reports Operating...|
www.benzinga.com - November 11 at 10:10 PM
|Q3 2016 First Acceptance Corp Earnings Release - After Market Close|
biz.yahoo.com - November 10 at 10:32 AM
|FIRST ACCEPTANCE CORP /DE/ Files SEC form 8-K, Notice of Delisting or Failure to Satisfy a Continued Listing Rule or|
biz.yahoo.com - October 20 at 10:25 AM
|7:13 am First Acceptance receives notice from the NYSE for non-compliance based on stock price; plans to reports its financial results November 10|
finance.yahoo.com - October 20 at 10:25 AM
|First Acceptance reports 2Q loss|
www.cnbc.com - August 19 at 4:53 PM
|FIRST ACCEPTANCE CORP /DE/ Files SEC form 8-K, Submission of Matters to a Vote of Security Holders|
biz.yahoo.com - May 11 at 6:08 AM
|FIRST ACCEPTANCE CORP /DE/ Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Ex|
biz.yahoo.com - March 18 at 4:07 PM
|First Acceptance Corporation Reports Operating Results for the Quarter and Year Ended December 31, 2015|
finance.yahoo.com - March 15 at 4:15 PM
|A.M. Best Affirms Ratings of First Acceptance Corporation and Its Subsidiaries|
finance.yahoo.com - December 10 at 11:55 AM
|FIRST ACCEPTANCE CORP /DE/ Financials|
finance.yahoo.com - December 8 at 1:17 PM
|FIRST ACCEPTANCE CORP /DE/ Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements an|
biz.yahoo.com - November 10 at 4:13 PM
|FIRST ACCEPTANCE CORP /DE/ Files SEC form 8-K, Other Events|
biz.yahoo.com - August 21 at 4:06 PM
|5 Stocks Gurus, Insiders, and Companies Are Buying|
finance.yahoo.com - July 9 at 4:22 PM
|FIRST ACCEPTANCE CORP /DE/ Files SEC form 8-K, Entry into a Material Definitive Agreement, Completion of Acquisition|
biz.yahoo.com - July 1 at 4:09 PM
First Acceptance Corporation (FAC) Chart for Thursday, September, 21, 2017