758 shares changed hands on Tuesday. Trading volume was down 84.91% under the stocks average daily volume.
Traders are feeling more bullish on shares of the company recently if you consider the change in short interest. The firm realized a fall in short interest from September 29, 2017 to October 13, 2017 of -59.65%. Short interest fell from 16,114 to 6,502 over that period. With short interest at 6,502 and short average daily volume at 5,912, days to cover is 1.0 and the short interest percentage is 0.00% as of October 13.
Here is a rundown on some insider market activity for First Acceptance Corporation (NYSE:FAC). Director Rhodes R. Bobbitt disclosed the purchase of 200 shares. The shares were bought on August 17th for an average price of $0.85. The Director now owns $180,764 of the stock per the Form 4 SEC filing. Rhodes R. Bobbitt, Director reported the purchase of 800 shares of (FAC). The shares were purchased at an average price of $1.02. Bobbitt now owns $217,733 of the stock according to the SEC filing.
These funds have shifted positions in (FAC). Bridgeway Capital Management Inc downsized its position by shedding 30,500 shares a decrease of 7.1% in the quarter. Bridgeway Capital Management Inc owns 400,358 shares with a value of $456,000. The total value of its holdings decreased 21.6%. As of quarter end Blackrock Inc. had sold a total of 76,429 shares trimming its stake by 96.6%. The value of the investment in FAC decreased from $107,000 to $3,000 a change of 97.2% quarter to quarter.
As of the end of the quarter Timber Hill LLC had disposed of 30 shares trimming its position 0.2%. The value in dollars went from $23,000 to $20,000 a change of $3,000 since the last quarter. Tower Research Capital LLC (trc) added to its ownership by buying 1,563 shares an increase of 259.6% from 03/31/2017 to 06/30/2017. Tower Research Capital LLC (trc) now holds 2,165 shares valued at $2,000. The value of the position overall is up by 100.0%.
The company is now up by 0.01% percent from yesterday’s close. The stock last traded at $0.98 which is just a bit below the 50 day moving average which is $1.07 and quite a bit lower than the 200 day moving average of $1.09. The 50 day moving average moved down $-0.09 whereas the 200 day average was down by -10.4195%.
First Acceptance Corporation, launched on March 29, 1996, is a retailer, servicer and underwriter of non-standard personal automobile insurance based in Nashville, Tennessee. The Company operates in two segments: Insurance, and Real estate and corporate. Its insurance operations 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..