Credit Acceptance Co. (NASDAQ:CACC) Shares Sold by the State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D cut its holdings in shares of Credit Acceptance Co. (NASDAQ:CACCGet the Badge) by 10.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,189 shares of the credit services provider’s stock after selling 512 shares during the period. State of New Jersey Common Pension Fund D held $1,835,000 in Credit Acceptance as of its most recent filing with the Securities and Exchange Commission (SEC).

→ Free ebook: The Ultimate Guide to Investing in the Stock Market (From Vector Vest)pixels

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Baird Financial Group Inc. raised its position in shares of Credit Acceptance by 3.6% in the second quarter. Now owned by Baird Financial Group Inc. 742 shares of the credit services provider’s stock are worth $351,000 after acquiring an additional 26 shares during the period. The Macquarie Group Ltd. raised. its position in the shares of the Acceptance of Money by 4.7% in the second quarter. The Macquarie Group Ltd. now owns 629 shares of the credit services provider’s stock worth $298,000 after acquiring an additional 28 shares during the period. Ritholtz Wealth Management raised its position in shares of Financial Acceptance by 3.0% in the third quarter. Ritholtz Wealth Management now owns 1,214 shares of the credit services provider’s stock worth $532,000 after acquiring an additional 35 shares during the period. State Treasurer of North Carolina raised its position in shares of Credit Acceptance by 1.3% in the second quarter. State Treasurer State of North Carolina now owns 2,929 shares of the credit services provider’s stock worth $1,387,000 after acquiring an additional stake. 37 this season. Finally, Deutsche Bank AG raised its position in shares of Credit Acceptance by 1.8% in the second quarter. Deutsche Bank AG now owns 2,579 shares of the credit services provider’s stock worth $1,221,000 after acquiring an additional 46 shares during the period. 63.11% of the stock is currently owned by private investors and mutual funds.

Internal Operations in Debt Collection

In related news, insider Thomas W. Smith sold 1,000 shares of the company’s stock in a transaction on Tuesday, December 20th. The stock was sold at The average price was $441.58, for a total sale of $441,580.00. Following the purchase, the insider now owns 22,948 shares of the company’s stock, valued at $10,133,377.84. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.10% of the stock is owned by commercial companies.

Credit Unions Up 6.4%

Share of NASDAQ CACC opens at $405.99 on Friday. Credit Acceptance Co. it has a 12-month low of $358.00 and a 12-month high of $648.95. The stock has a market cap of $5.25 billion, a PE ratio of 9.23 and a beta of 1.32. The company has a current ratio of 15.89, a quick ratio of 15.89 and a debt-to-equity ratio of 2.79. The company’s 50-day moving average is $448.86 and its 200-day moving average is $484.18.

Credit Acceptance (NASDAQ:CACCGet the Badge) next announced its earnings data on Tuesday, November 1st. The credit services provider reported $13.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $13.17 by $0.19. Credit Acceptance has a margin of 34.09% and a profit margin of 47.34%. The company had revenue of $460.30 million for the quarter, compared to analysts’ expectations of $453.30 million. As a group, sell-side analysts see Credit Acceptance Co. will post 50.32 EPS for the current fiscal year.

Try the New Price Guide

A number of research analysts have weighed in on CACC shares. Credit Suisse Group decreased their price target on shares of Credit Acceptance from $430.00 to $410.00 and set an “underperform” rating for the company in a research report on Wednesday, November 2nd. Stephens cut their price target on shares of Credit Acceptance from $519.00 to $442.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 2nd. BMO Capital Markets cut their price target on shares of Credit Acceptance from $477.00 to $364.00 and set a “market perform” rating for the company in a research note on Thursday, November 3rd. At last, StockNews.com initiated coverage on shares of Credit Acceptance in a research note on Wednesday, October 12. They set a “hold” rating for the company.

About accepting credit

(Get the Badge)

Credit Acceptance Corporation provides financing programs, and related products and services to independent and certified auto dealers in the United States. The company makes loans to customers in exchange for the right to service consumer loans; and purchases consumer loans from consumers and maintains the amount of money collected from consumers.

Special Edition

Want to see what other firewalls CACC holds? Visit HoldingsChannel.com Get the latest 13F filings and transactions for Credit Acceptance Co. (NASDAQ:CACCGet the Badge).

Corporate Governance Quarterly for Credit Acceptance (NASDAQ:CACC)

This news update is created by the technology science and financial experts from MarketBeat in order to provide readers with the fastest and most accurate information. zero. This story was reviewed by MarketBeat editors prior to publication. Please send questions or comments about this story to contact@marketbeat.com.

Before you consider taking out a loan, you’ll want to hear this.

MarketBeat ranks Wall Street’s top and best-performing stock analysts and stocks they recommend to their clients. on a daily basis. MarketBeat reports the five shares the top sellers are quietly whispering to their buyers to buy now before the general market…and no Credit Acceptance yet in the list.

Although Credit Acceptance currently has a “Hold” rating among analysts, the top analysts believe these five products are a better buy.

See the Five Stocks Here

(Almost) Everything you need to know about the EV Market

Leave a Comment