Cwm LLC Purchases 130 Shares of Credit Acceptance Corporation (NASDAQ:CACC)

Cwm LLC grew its position in Credit Acceptance Corporation (NASDAQ:CACC) by 206.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 193 shares of the credit services provider’s stock after purchasing an additional 130 shares during the quarter. Cwm LLC’s holdings in Credit Acceptance were worth $100,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Gamco Investors INC. ET AL raised its position in shares of Credit Acceptance by 5.3% in the fourth quarter. Gamco Investors INC. ET AL now owns 2,185 shares of the credit services provider’s stock valued at $1,026,000 after purchasing an additional 110 shares during the period. Bridgewater Associates LP grew its stake in shares of Credit Acceptance by 268.2% in the fourth quarter. Bridgewater Associates LP now owns 8,354 shares of the credit services provider’s stock worth $3,922,000 after acquiring an additional 6,085 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Credit Acceptance in the first quarter worth $794,000. Northern Trust Corp grew its stake in shares of Credit Acceptance by 7.9% in the fourth quarter. Northern Trust Corp now owns 37,772 shares of the credit services provider’s stock worth $17,732,000 after acquiring an additional 2,773 shares during the last quarter. Finally, CX Institutional acquired a new stake in shares of Credit Acceptance in the first quarter worth $36,000. Institutional investors own 81.71% of the company’s stock.

Insider Transactions at Credit Acceptance

In other news, insider Daniel A. Ulatowski sold 6,356 shares of the firm’s stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $522.16, for a total value of $3,318,848.96. Following the sale, the insider owned 28,290 shares in the company, valued at approximately $14,771,906.40. This trade represents a 18.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Andrew K. Rostami sold 375 shares of Credit Acceptance stock in a transaction on Friday, June 20th. The stock was 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,731 shares of company stock worth $14,307,733. Insiders own 5.30% of the company’s stock.

Credit Acceptance Trading Down 2.2%

Shares of Credit Acceptance stock opened at $504.55 on Thursday. The company’s fifty day simple moving average is $505.00 and its 200-day simple moving average is $497.87. The company has a market cap of $5.85 billion, a price-to-earnings ratio of 21.53 and a beta of 1.15. The company has a current ratio of 17.64, a quick ratio of 17.64 and a debt-to-equity ratio of 3.92. Credit Acceptance Corporation has a 1 year low of $409.22 and a 1 year high of $590.50.

Credit Acceptance (NASDAQ:CACC) last announced its quarterly earnings data on Wednesday, April 30th. The credit services provider reported $9.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.31 by ($0.96). The company had revenue of $571.10 million during the quarter, compared to analyst estimates of $570.25 million. Credit Acceptance had a return on equity of 28.60% and a net margin of 13.03%. The company’s revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $9.28 EPS. As a group, sell-side analysts expect that Credit Acceptance Corporation will post 53.24 EPS for the current year.

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.