First Acceptance Corp. (NYSE:FAC) Director Rhodes R. Bobbitt purchased 27,883 shares of the firm’s stock in a transaction that occurred on Thursday, November 17th. The stock was acquired at an average price of $1.09 per share, for a total transaction of $30,392.47. Following the completion of the purchase, the director now directly owns 478,661 shares of the company’s stock, valued at approximately $521,740.49. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

First Acceptance Corp. (NYSE:FAC) traded up 6.30% during trading on Friday, hitting $1.35. 17,173 shares of the company traded hands. The company’s market capitalization is $55.48 million. The stock has a 50 day moving average price of $0.93 and a 200 day moving average price of $1.25. First Acceptance Corp. has a 12-month low of $0.74 and a 12-month high of $2.68.

About First Acceptance Corp.

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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