Farther Finance Advisors LLC Invests $38,000 in Credit Acceptance Co. (NASDAQ:CACC)

Farther Finance Advisors LLC bought a new position in Credit Acceptance Co. (NASDAQ:CACC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 81 shares of the credit services provider’s stock, valued at approximately $38,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Eagle Bay Advisors LLC bought a new stake in shares of Credit Acceptance during the 4th quarter valued at about $28,000. First Horizon Advisors Inc. bought a new stake in shares of Credit Acceptance during the 4th quarter valued at about $34,000. Quest Partners LLC grew its position in shares of Credit Acceptance by 11,900.0% during the 3rd quarter. Quest Partners LLC now owns 120 shares of the credit services provider’s stock valued at $53,000 after buying an additional 119 shares during the last quarter. US Bancorp DE grew its position in shares of Credit Acceptance by 50.4% during the 4th quarter. US Bancorp DE now owns 179 shares of the credit services provider’s stock valued at $84,000 after buying an additional 60 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Credit Acceptance during the 4th quarter valued at about $142,000. Institutional investors own 81.71% of the company’s stock.

Credit Acceptance Trading Down 0.4 %

Credit Acceptance stock opened at $495.49 on Monday. The company has a quick ratio of 20.33, a current ratio of 20.33 and a debt-to-equity ratio of 3.63. The firm has a 50-day moving average price of $496.81 and a two-hundred day moving average price of $472.72. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of 24.95 and a beta of 1.51. Credit Acceptance Co. has a 52-week low of $409.22 and a 52-week high of $614.96.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. StockNews.com raised shares of Credit Acceptance from a “hold” rating to a “buy” rating in a research report on Friday, January 31st. Stephens boosted their price objective on shares of Credit Acceptance from $452.00 to $500.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st.

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.