S&P 500
7,507.80
-0.22%
Dow Jones
51,595.40
-0.32%
Nasdaq 100
30,411.80
-0.23%
Russell 2000
2,975.48
-0.09%
FTSE 100
10,384.80
-0.34%
Nikkei 225
71,987.20
+0.02%

Investing

Asset Acceptance Capital Shareholder Unloading Stock (AACC)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published

Asset Acceptance Capital Corp. (NASDAQ: AACC) made a filing with the SEC late Thursday showing that the company has filed to sell 10.932 million shares of common stock in a secondary offering.  These shares are being sold by AAC Quad-C Investors LLC, so none of the proceeds from this secondary will go to the company.  This filing will allow the holder to offer the shares from time to time through public or private transactions at prevailing market prices, at prices related to prevailing market prices or at privately negotiated prices.

Based on the filing, its amount was $137.4 million in sales based upon their closing data used, but based on yesterday’s close of $14.18 it would be a $155 million offering.  The market cap of the whole company is only $433.4 million based on a higher close yesterday.

Asset Acceptance Capital Corp. (NASDAQ: AACC) has a 52-week trading range of $7.31 to $19.25.

Jon C. Ogg
May 23, 2008

Follow 24/7 Wall St. on Google
Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Chris Lange |

Biotechs Raising New Capital in Droves

With the biotech industry so hot, it seems like many of the smaller players are trying to bolster their balance…

3 Different Share Sales From the Company and Insiders Weigh on Roku
Jon C. Ogg |

3 Different Share Sales From the Company and Insiders Weigh on Roku

Some companies want to keep their share surge going endlessly, and sometimes share sales come into the mix.

Douglas A. McIntyre |

Secondary Offering Floodgates Open (BGS, CMFO, COIN, LOPE, LGCY, OPEN, PRKR, KGS, UDR, IACI)

What happens when market rallies go on and on?  Outside of the basics, you just about always get a flurry…

Jon C. Ogg |

Market Highs Bringing Waves of Secondary Offerings (AGNC, CWH, DPM, DFRG, EPB, HZO, MPW, TRS)

The stock market is ready to challenge new highs, and 2013 is off to a great start. One downside to…

Douglas A. McIntyre |

Energy Companies Raising More Cash (BRY, BWEN, KYN, MWE, REXX)

We have already seen a flood of secondary offerings from many companies in many sectors either sold or filed this…

Jon C. Ogg |

Zynga Files Shelf Registration, for Selling Stakeholders

Zynga has filed a shelf registration statement that will allow the company to sell new shares into the market. This…

Jon C. Ogg |

Major Wave of Secondaries Hitting Market (DHR, VELT, BBEP, KMP, CPF, MHR, TCO, FVE)

Secondaries, Secondaries, and more Secondaries!!! Companies must be nervous about the market and picking up capital when and where they…

Jon C. Ogg |

Secondary Offerings Keep Coming (GTY, JAZZ, OCR, RCKY, BEE)

The markets go way up, then down, then back up.  And to raise capital and to bolster the books it…

Jon C. Ogg |

Flood of Secondary Offerings Coming (AVGO, DPM, EVEP, JNPR, MOH, RGNC)

The markets are up over the last month, so companies are raising cash.  The secondary offering floodgates are opening up. …

Top Gaining Stocks

CarMax
KMX • Vol: 7,330,419
Corning
GLW • Vol: 22,800,969
Intel
INTC • Vol: 233,719,006
Super Micro Computer
SMCI • Vol: 68,465,534
Enphase Energy
ENPH • Vol: 13,978,376

Top Losing Stocks

Accenture
ACN • Vol: 41,744,333
EPAM Systems
EPAM • Vol: 5,636,587
Cognizant
CTSH • Vol: 61,311,400
Coterra Energy
CTRA • Vol: 73,319,495
Kroger
KR • Vol: 26,704,230