Watson Jill Foss is Buying Credit Acceptance Corp (NASDAQ:CACC) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
Stay Ahead of the
Stock Market Game!
Subscribe to Small Cap
Exclusive for more


VIGL Stock Price is so consistent, can it go higher?...
Oncomed Pharmaceuticals Inc. (NASDAQ:OMED) is Attrac...
Bb Biotech Ag Picked Radius Health Inc. (NASDAQ:RDUS...

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Credit Acceptance Corp (NASDAQ:CACC) reported that Watson Jill Foss has picked up 1,006,323 of common stock as of 2017-03-31.

The acquisition brings the aggregate amount owned by Watson Jill Foss to a total of 1,006,323 representing a 5.1% stake in the company.

For those not familiar with the company, Credit Acceptance Corporation offers financing programs that enable automobile dealers to sell vehicles to consumers. The Company’s financing programs are offered through a network of automobile dealers. The Company has two Dealers financing programs: the Portfolio Program and the Purchase Program. Under the Portfolio Program, the Company advances money to dealers (Dealer Loan) in exchange for the right to service the underlying consumer loans. Under the Purchase Program, the Company buys the consumer loans from the dealers (Purchased Loan) and keeps the amounts collected from the consumer. Dealer Loans and Purchased Loans are collectively referred to as Loans. As of December 31, 2016, the Company’s target market included approximately 60,000 independent and franchised automobile dealers in the United States. The Company has market area managers located throughout the United States that market its programs to dealers, enroll new dealers and support active dealers.

A glance at Credit Acceptance Corp (NASDAQ:CACC)’s key stats reveals a current market capitalization of 412.12 Billion based on 19.88 Million shares outstanding and a price at last close of $199.41 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-06-17, Whitman picked up 100 at a purchase price of $166.05. This brings their total holding to 200 as of the date of the filing.

On the sell side, the most recent transaction saw Watson unload 10,000 shares at a sale price of $198.00. This brings their total holding to 853,424.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Credit Acceptance Corp (NASDAQ:CACC) as things move forward to see if its progress aligns with these transactions.

Subscribe below and we’ll keep you on top of what’s happening before it moves markets.




Stay in the lopp :

If a group of people was asked to name the publishing outlet that commands the biggest Facebook page (as defined by the largest number of
Puget Technologies PUGE Stock Price is up, ca...

Puget Technologies PUGE stock price is up 33% in the last 5 days, but is the run over for this breakout

Sarvadi Paul J. is Buying Insperity Inc. (NYS...
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Insperity Inc. (NYSE:NSP) reported that Sarvadi Paul J. has picked

related post

Skip to content