Rhodes R. Bobbitt Purchases 80,600 Shares of First Acceptance Corp. (FAC) Stock
First Acceptance Corp. (NYSE:FAC) Director Rhodes R. Bobbitt acquired 80,600 shares of the stock in a transaction on Wednesday, November 16th. The stock was bought at an average price of $1.06 per share, with a total value of $85,436.00. Following the transaction, the director now directly owns 478,661 shares in the company, valued at approximately $507,380.66. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of First Acceptance Corp. (NYSE:FAC) traded up 10.75% during midday trading on Wednesday, hitting $1.20. 98,312 shares of the stock traded hands. The firm’s 50-day moving average is $0.92 and its 200 day moving average is $1.25. The company’s market capitalization is $49.32 million. First Acceptance Corp. has a 52 week low of $0.74 and a 52 week high of $2.68.
First Acceptance Corp. Company Profile
First Acceptance Corporation 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 over 20 states.
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