Ownership Don’t Lie: First Acceptance Corp (NYSE:FAC) Institutional Investors Quarterly Sentiment

November 16, 2016 - By Marguerite Chambers   ·   0 Comments

Ownership Don't Lie: First Acceptance Corp (NYSE:FAC) Institutional Investors Quarterly Sentiment

Sentiment for First Acceptance Corp (NYSE:FAC)

First Acceptance Corp (NYSE:FAC) institutional sentiment is 0.6 in 2016 Q2. Its the same as in 2016Q1. The ratio is neither negative nor positive, as only 6 funds started new or increased positions, while 10 reduced and sold their holdings in First Acceptance Corp. The funds in our partner’s database now own: 8.32 million shares, down from 8.36 million shares in 2016Q1. Also, the number of funds holding First Acceptance Corp in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 9 Increased: 5 New Position: 1.

First Acceptance Corporation is a retailer, servicer and underwriter of non-standard personal automobile insurance based in Nashville, Tennessee. The company has a market cap of $55.54 million. The Firm operates in two divisions: Insurance, and Real estate and corporate. It currently has negative earnings. The Company’s insurance activities are engaged in selling non-standard personal automobile insurance products and related products in over 20 states.

About 94,112 shares traded hands or 310.70% up from the average. First Acceptance Corporation (NYSE:FAC) has declined 45.45% since April 14, 2016 and is downtrending. It has underperformed by 50.14% the S&P500.

According to Zacks Investment Research, “LIBERTE INVESTORS INC.’s principal business is investing in notes receivable, primarily first mortgage construction notes and first mortgage acquisition and development notes. Secondarily, Co. invests in other secured or guaranteed notes related directly or indirectly to real estate. Over the past eight fiscal years, however, Co. has progressively curtailed its lending activities, initially in an effort to repay its indebtedness and later to reduce the size of its portfolio of foreclosed real estate.”

Second Curve Capital Llc holds 4.45% of its portfolio in First Acceptance Corporation for 4.11 million shares. Bridgeway Capital Management Inc owns 600,858 shares or 0.01% of their US portfolio. Moreover, Grt Capital Partners L.L.C. has 0.01% invested in the company for 29,394 shares. The New York-based Bank Of New York Mellon Corp has invested 0% in the stock. Blackrock Advisors Llc, a Delaware-based fund reported 8,599 shares.#img1#

FAC Company Profile

First Acceptance Corporation, incorporated on March 29, 1996, is a retailer, servicer and underwriter of non-standard personal automobile insurance based in Nashville, Tennessee. The Firm operates in two divisions: Insurance, and Real estate and corporate. The Company’s insurance activities are engaged in selling non-standard personal automobile insurance products and related products in approximately 20 states. The real estate and corporate segment consists of the activities related to the disposition of foreclosed real estate held for sale, interest expense associated with all debt and other general corporate overhead expenses.

More notable recent First Acceptance Corporation (NYSE:FAC) news were published by: Reuters.com which released: “BRIEF-First Acceptance Corp reports Q3 loss per share $0.01” on November 10, 2016, also Globenewswire.com with their article: “First Acceptance Corporation Reports Operating Results for the Three and Six …” published on August 19, 2016, Globenewswire.com published: “First Acceptance Corporation Reports Operating Results for the Three and Nine …” on November 10, 2016. More interesting news about First Acceptance Corporation (NYSE:FAC) were released by: Globenewswire.com and their article: “First Acceptance Corporation Reports Operating Results for the Three Months …” published on May 10, 2016 as well as Prnewswire.com‘s news article titled: “World Acceptance Corporation Announces First Quarter 2017 Conference Call On …” with publication date: July 15, 2016.

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By Marguerite Chambers


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