As Credit Accep Corp Mich (Put) (CACC) Share Value Rose, Frigate Ventures LP Has Increased Stake

March 14, 2018 - By marketbeat

Investors sentiment decreased to 1.03 in 2017 Q3. Its down 0.27, from 1.3 in 2017Q2. It turned negative, as 24 investors sold CACC shares while 49 reduced holdings. 29 funds opened positions while 46 raised stakes. 13.13 million shares or 4.29% less from 13.72 million shares in 2017Q2 were reported. Laurion Capital Mgmt L P, a New York-based fund reported 1,000 shares. Blackrock reported 0.01% in Credit Acceptance Corporation (NASDAQ:CACC). Chicago Equity Partners Ltd holds 0.07% or 8,065 shares in its portfolio. Brandywine Glob Inv Mgmt Ltd invested in 0.14% or 79,777 shares. Utah Retirement reported 0.01% in Credit Acceptance Corporation (NASDAQ:CACC). Trust Of Toledo Na Oh reported 799 shares. Hsbc Holdings Public Limited Co has 111,910 shares for 0.05% of their portfolio. Proshare Limited Liability Company stated it has 1,748 shares or 0% of all its holdings. Advisory Service Net Llc holds 0.02% or 496 shares. Rathbone Brothers Public Limited Com reported 750 shares. Price T Rowe Associates Inc Md reported 4,330 shares. Federated Investors Pa has 0.02% invested in Credit Acceptance Corporation (NASDAQ:CACC). First Bank & Trust Of Omaha accumulated 21,648 shares. Financial Bank Of Mellon Corp owns 53,826 shares for 0% of their portfolio. Moreover, Vanguard Grp Inc has 0.01% invested in Credit Acceptance Corporation (NASDAQ:CACC) for 988,122 shares.

Since February 5, 2018, it had 0 buys, and 2 sales for $988,860 activity. On Tuesday, March 6 Booth Kenneth sold $669,000 worth of Credit Acceptance Corporation (NASDAQ:CACC) or 2,000 shares.

Frigate Ventures Lp increased its stake in Credit Accep Corp Mich (Put) (CACC) by 332.57% based on its latest 2017Q3 regulatory filing with the SEC. Frigate Ventures Lp bought 116,400 shares as the company’s stock rose 15.18% with the market. The institutional investor held 151,400 shares of the consumer services company at the end of 2017Q3, valued at $42.42M, up from 35,000 at the end of the previous reported quarter. Frigate Ventures Lp who had been investing in Credit Accep Corp Mich (Put) for a number of months, seems to be bullish on the $6.46B market cap company. The stock decreased 0.64% or $2.14 during the last trading session, reaching $332.84. About 68,610 shares traded. Credit Acceptance Corporation (NASDAQ:CACC) has risen 27.46% since March 14, 2017 and is uptrending. It has outperformed by 10.76% the S&P500.

Frigate Ventures Lp, which manages about $326.98M and $664.47 million US Long portfolio, decreased its stake in Ellis Perry Intl Inc (NASDAQ:PERY) by 132,318 shares to 104,372 shares, valued at $2.47 million in 2017Q3, according to the filing.

More important recent Credit Acceptance Corporation (NASDAQ:CACC) news were published by: which released: “Credit Acceptance Is Still A Strong Buy” on February 02, 2018, also published article titled: “Ascension Parish Civil Court Cases for Feb. 26-March 2, 2018”, published: “Giverny Capital Inc. Buys Credit Acceptance Corp, Edwards Lifesciences Corp …” on February 13, 2018. More interesting news about Credit Acceptance Corporation (NASDAQ:CACC) was released by: and their article: “Credit Acceptance Corp.: Finding A Niche And Owning It” with publication date: July 13, 2017.

Credit Acceptance Corporation (NASDAQ:CACC) Ratings Coverage

Among 12 analysts covering Credit Acceptance Corp (NASDAQ:CACC), 1 have Buy rating, 6 Sell and 5 Hold. Therefore 8% are positive. Credit Acceptance Corp had 29 analyst reports since July 31, 2015 according to SRatingsIntel. The stock has “Buy” rating by Zacks on Tuesday, August 4. The firm has “Underperform” rating by Bank of America given on Tuesday, October 31. Susquehanna initiated Credit Acceptance Corporation (NASDAQ:CACC) on Monday, January 23 with “Neutral” rating. The firm has “Hold” rating given on Wednesday, January 31 by BMO Capital Markets. The stock of Credit Acceptance Corporation (NASDAQ:CACC) has “Hold” rating given on Thursday, January 4 by Susquehanna. On Wednesday, May 11 the stock rating was downgraded by Macquarie Research to “Underperform”. The rating was upgraded by Janney Capital on Monday, June 20 to “Neutral”. The company was maintained on Thursday, September 7 by Jefferies. Credit Suisse maintained Credit Acceptance Corporation (NASDAQ:CACC) rating on Tuesday, August 1. Credit Suisse has “Sell” rating and $20000 target. The company was downgraded on Wednesday, July 27 by Credit Suisse.

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