Dixon Hubard Feinour & Brown Inc. VA trimmed its holdings in shares of Credit Acceptance Corp. (NASDAQ:CACC) by 1.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 21,087 shares of the credit services provider’s stock after selling 320 shares during the quarter. Credit Acceptance accounts for about 1.8% of Dixon Hubard Feinour & Brown Inc. VA’s investment portfolio, making the stock its 17th biggest holding. Dixon Hubard Feinour & Brown Inc. VA’s holdings in Credit Acceptance were worth $6,821,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CACC. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Credit Acceptance by 437.0% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 537 shares of the credit services provider’s stock worth $150,000 after purchasing an additional 437 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Credit Acceptance by 6.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 619 shares of the credit services provider’s stock worth $159,000 after purchasing an additional 40 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in shares of Credit Acceptance during the 4th quarter worth $198,000. CIBC Asset Management Inc bought a new stake in shares of Credit Acceptance during the 4th quarter worth $216,000. Finally, Carnick & Kubik Group LLC bought a new stake in shares of Credit Acceptance during the 4th quarter worth $225,000. Institutional investors own 70.34% of the company’s stock.

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Shares of Credit Acceptance stock opened at $336.96 on Thursday. Credit Acceptance Corp. has a 52 week low of $182.50 and a 52 week high of $377.82. The stock has a market capitalization of $6,494.16, a PE ratio of 16.42, a P/E/G ratio of 0.71 and a beta of 0.61. The company has a quick ratio of 24.00, a current ratio of 24.00 and a debt-to-equity ratio of 1.99.

Credit Acceptance (NASDAQ:CACC) last announced its quarterly earnings data on Tuesday, January 30th. The credit services provider reported $5.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $5.53 by ($0.37). The firm had revenue of $287.30 million during the quarter, compared to the consensus estimate of $287.37 million. Credit Acceptance had a net margin of 42.36% and a return on equity of 30.18%. The company’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.79 earnings per share. equities analysts anticipate that Credit Acceptance Corp. will post 26.21 earnings per share for the current fiscal year.

A number of research firms have recently commented on CACC. BidaskClub upgraded Credit Acceptance from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 13th. Zacks Investment Research upgraded Credit Acceptance from a “hold” rating to a “strong-buy” rating and set a $390.00 price objective on the stock in a research note on Friday, January 12th. Oppenheimer boosted their price objective on Credit Acceptance from $355.00 to $387.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Credit Suisse Group restated a “sell” rating and issued a $270.00 price objective on shares of Credit Acceptance in a research note on Monday, January 8th. Finally, Stephens set a $257.00 price objective on Credit Acceptance and gave the company a “sell” rating in a research note on Wednesday, January 3rd. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $283.22.

In other Credit Acceptance news, major shareholder Jill Foss Watson sold 18,106 shares of Credit Acceptance stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $326.06, for a total transaction of $5,903,642.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John S. Soave sold 2,500 shares of Credit Acceptance stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $337.01, for a total value of $842,525.00. The disclosure for this sale can be found here. Insiders have sold a total of 58,924 shares of company stock valued at $19,253,640 in the last ninety days. Insiders own 5.80% of the company’s stock.

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Credit Acceptance Profile

Credit Acceptance Corporation provides financing programs, and related products and services to independent and franchised automobile dealers in the United States. The company advances money to dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps various amounts collected from the consumers.

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Institutional Ownership by Quarter for Credit Acceptance (NASDAQ:CACC)

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