Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Asset Acceptance Capital Corp. (AACC): This Fund is Dumping Shares

In the smart money’s world, David Nierenberg’s Nierenberg Investment Management reported a sale of number of shares of Asset Acceptance Capital Corp. (NASDAQ:AACC) in a 13D filing with the Securities and Exchange Commission. In total, the position in Asset Acceptance Capital Corp. (NASDAQ:AACC) is now worth near $28.4 million, a decrease of 14.6%.

In layman’s terms, it’s very crucial for average investors to pay attention to David Nierenberg’s latest move out of Asset Acceptance Capital Corp. (NASDAQ:AACC). At large, 13Ds indicate the intentions of activist fund managers. These members of the “investing elite” are the proverbial celebrities in the financial world, and seek to impose their will to an already standing business.

Despite the fact that most shareholders keep a close eye on a multitude of investing metrics, there’s one that is often overlooked: aggregate hedge fund sentiment.

Our research has demonstrated that mimickers who follow specific hedge fund activity can outperform the general indices by an average of 18 percentage points per year (see the details here).

MILLENNIUM MANAGEMENT

Focusing in on Asset Acceptance Capital Corp. (NASDAQ:AACC), our records indicate that three other hedge funds were invested in company at the end of last quarter. In particular, Gregory Fraser, Rudolph Kluiber, and Timothy Krochuk’s Grt Capital Partners having 40,722 shares, Israel Englander’s Millennium Management with 11,035 shares, and Jim Simons’ Renaissance Technologies with 26,000 shares held shares of Asset Acceptance Capital Corp. (NASDAQ:AACC), which is some of the best company a money manager can maintain.

Equally as important, we should tell you some other equities in Nierenberg Investment Management’s 13F portfolio, in addition to Asset Acceptance Capital Corp. (NASDAQ:AACC).

As follows they include Move Inc. (NASDAQ:MOVE), Electro Scientific Industries, Inc. (NASDAQ:ESIO), and RadiSys Corporation (NASDAQ:RSYS), and are listed on the following page:

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading...