Frigate Ventures LP Position in Credit Accep Corp Mich (Put) (CACC) Boosted as Market Valuation Rose

March 14, 2018 - By Vivian Park

Investors sentiment decreased to 1.03 in Q3 2017. Its down 0.27, from 1.3 in 2017Q2. It fall, 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. Envestnet Asset Mgmt, a Illinois-based fund reported 2,407 shares. Allen Investment Mgmt Ltd Co holds 2,497 shares. First Fincl Bank Of Omaha stated it has 21,648 shares. 86,102 were accumulated by Lmr Ptnrs Limited Liability Partnership. Manufacturers Life Insurance The owns 619 shares. Morgan Stanley, New York-based fund reported 13,478 shares. Minnesota-based Us Bank De has invested 0% in Credit Acceptance Corporation (NASDAQ:CACC). Victory Capital Management accumulated 49,333 shares or 0.03% of the stock. Utah-based Utah Retirement Systems has invested 0.01% in Credit Acceptance Corporation (NASDAQ:CACC). Advisory Svcs Network Lc accumulated 496 shares. Cadence Capital Mgmt Ltd Co owns 4,259 shares. Cantillon Capital Management Ltd Com holds 1.19% or 364,765 shares in its portfolio. 458,071 were accumulated by Bloombergsen. Gabelli Funds Ltd owns 1,250 shares. 11,269 were reported by Teachers Retirement Of The State Of Kentucky.

Since February 5, 2018, it had 0 insider purchases, and 2 sales for $988,860 activity. On Monday, February 5 the insider BUSK DOUGLAS W sold $319,860.

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 $42.42 million, 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 $326.98 million 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 $2.47M in 2017Q3, according to the filing.

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

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 rating was maintained by Credit Suisse with “Underperform” on Tuesday, October 31. BMO Capital Markets maintained it with “Hold” rating and $238.0 target in Friday, October 6 report. Credit Suisse downgraded Credit Acceptance Corporation (NASDAQ:CACC) on Wednesday, July 27 to “Underperform” rating. As per Tuesday, October 31, the company rating was maintained by Jefferies. The stock has “Neutral” rating by Janney Capital on Monday, June 20. The rating was maintained by BMO Capital Markets on Wednesday, January 31 with “Hold”. The firm earned “Hold” rating on Wednesday, January 10 by Jefferies. Compass Point upgraded it to “Neutral” rating and $150 target in Tuesday, November 10 report. On Tuesday, August 1 the stock rating was upgraded by Raymond James to “Hold”. The stock of Credit Acceptance Corporation (NASDAQ:CACC) earned “Underperform” rating by Macquarie Research on Wednesday, May 11.

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