Frigate Ventures LP Position in Credit Accep Corp Mich (Put) (CACC) Lifted by $32.59 Million as Stock Rose

March 14, 2018 - By Marguerite Chambers

Investors sentiment decreased to 1.03 in Q3 2017. Its down 0.27, from 1.3 in 2017Q2. It dived, 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. Makaira Prns Ltd Liability owns 0.81% invested in Credit Acceptance Corporation (NASDAQ:CACC) for 22,170 shares. Prescott General Prtn Limited Liability Corp stated it has 32.34% in Credit Acceptance Corporation (NASDAQ:CACC). Moreover, Invesco Limited has 0.01% invested in Credit Acceptance Corporation (NASDAQ:CACC) for 102,100 shares. 196,037 are held by Tiaa Cref Invest Management Ltd Llc. Swiss Fincl Bank holds 0% in Credit Acceptance Corporation (NASDAQ:CACC) or 11,777 shares. Macquarie Group Inc Ltd reported 0% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC). Vulcan Value Partners Ltd Liability Corporation has invested 0.47% in Credit Acceptance Corporation (NASDAQ:CACC). Lmr Llp owns 2.61% invested in Credit Acceptance Corporation (NASDAQ:CACC) for 86,102 shares. Blackrock accumulated 478,152 shares. Caldwell & Orkin holds 7,700 shares or 2.19% of its portfolio. Laurion Capital Management Limited Partnership invested in 1,000 shares. Parametric Portfolio Associate Ltd Limited Liability Company holds 0.02% or 50,674 shares. Price T Rowe Associates Md has 4,330 shares. Da Davidson & invested in 806 shares or 0% of the stock. Wellington Mgmt Group Inc Llp reported 578,702 shares.

Since February 5, 2018, it had 0 buys, and 2 insider sales for $988,860 activity. 2,000 shares were sold by Booth Kenneth, worth $669,000.

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 $6.46 billion 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 $664.47M 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: “Ascension Parish Civil Court Cases for Feb. 26-March 2, 2018” on March 14, 2018, also published article titled: “Credit Acceptance Is Still A Strong Buy”, published: “Credit Acceptance Corp.: Finding A Niche And Owning It” on July 13, 2017. 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 stock has “Hold” rating by BMO Capital Markets on Wednesday, January 31. Jefferies maintained Credit Acceptance Corporation (NASDAQ:CACC) rating on Thursday, September 7. Jefferies has “Hold” rating and $240.0 target. The firm has “Hold” rating given on Tuesday, August 1 by Raymond James. On Wednesday, January 10 the stock rating was maintained by Jefferies with “Hold”. The stock of Credit Acceptance Corporation (NASDAQ:CACC) has “Market Perform” rating given on Tuesday, October 31 by BMO Capital Markets. On Monday, June 20 the stock rating was upgraded by Janney Capital to “Neutral”. The rating was downgraded by Macquarie Research to “Underperform” on Wednesday, May 11. BMO Capital Markets maintained the shares of CACC in report on Friday, October 6 with “Hold” rating. The firm has “Market Underperform” rating given on Wednesday, March 16 by JMP Securities. The company was initiated on Monday, January 8 by Oppenheimer.

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