Prescott updates Credit Acceptance share holdings
Prescott General Partners LLC, a 10% owner of CREDIT ACCEPTANCE CORP, reported internal changes in how certain common stock holdings are structured.
Rhea-AI Filing Summary
Prescott General Partners LLC, a 10% owner of CREDIT ACCEPTANCE CORP, reported internal changes in how certain common stock holdings are structured. A related fund, Prescott Associates L.P., distributed 9,891 shares in kind to one of its limited partners at $655.72 per share, in partial satisfaction of a withdrawal request. The filing also updates indirect holdings reported for Idoya Partners L.P. at 495,785 shares and Prescott International Partners L.P. at 30,034 shares. Prescott General Partners LLC is shown as indirect beneficial owner as general partner of these funds and disclaims beneficial ownership beyond its pecuniary interest under Rule 16a-1(a)(2)(ii)(B).
Positive
- None.
Negative
- None.
Insider Trade Summary
Other: 9,891 shares
Other
3 txns
Insider
Prescott General Partners LLC
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 9,891 | $655.72 | $6.49M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 901,241 shares (Indirect, By Prescott Associates L.P.);
Common Stock — 495,785 shares (Indirect, By Idoya Partners L.P.);
Common Stock — 30,034 shares (Indirect, By Prescott International Partners L.P.)
Footnotes (4)
- F1. These shares were distributed in kind to a limited partner of Prescott Associates L.P. ("Prescott Associates"), a private investment limited partnership, in partial satisfaction of a withdrawal request by the limited partner.
- F2. These shares are owned directly by Prescott Associates and are beneficially owned indirectly by Prescott General Partners LLC ("PGP"), a Delaware limited liability company, as general partner of Prescott Associates. PGP disclaims beneficial ownership of these shares in excess of its pecuniary interest under Rule 16a-1(a)(2)(ii)(B). The address for Prescott Associates is 2200 Butts Road, Suite 320, Boca Raton, FL 33431.
- F3. These shares are owned directly by Idoya Partners L.P. ("Idoya"), a private investment limited partnership, and are beneficially owned indirectly by PGP as general partner of Idoya. PGP disclaims beneficial ownership of these shares in excess of its pecuniary interest under Rule 16a-1(a)(2)(ii)(B). The address for Idoya is 2200 Butts Road, Suite 320, Boca Raton, FL 33431.
- F4. These shares are owned directly by Prescott International Partners L.P. ("PIP"), a private investment limited partnership, and are beneficially owned indirectly by PGP, as general partner of PIP. PGP disclaims beneficial ownership of these shares in excess of its pecuniary interest under Rule 16a-1(a)(2)(ii)(B). The address for PIP is 2200 Butts Road, Suite 320, Boca Raton, FL 33431.
Key Figures
In-kind distributed shares: 9,891 shares
Distribution reference price: $655.72 per share
Prescott Associates post-transaction holding: 901,241 shares
+2 more
5 metrics
In-kind distributed shares
9,891 shares
Common Stock distributed by Prescott Associates L.P.
Distribution reference price
$655.72 per share
Value for 9,891-share in-kind distribution
Prescott Associates post-transaction holding
901,241 shares
Common Stock held indirectly via Prescott Associates L.P.
Idoya Partners holding
495,785 shares
Common Stock owned directly by Idoya Partners L.P.
Prescott International holding
30,034 shares
Common Stock owned directly by Prescott International Partners L.P.
Key Terms
distributed in kind, limited partner, beneficially owned indirectly, pecuniary interest, +1 more
5 terms
distributed in kind financial
"These shares were distributed in kind to a limited partner of Prescott Associates L.P."
limited partner financial
"distributed in kind to a limited partner of Prescott Associates L.P. in partial satisfaction of a withdrawal request"
A limited partner is an investor in a pooled investment vehicle—such as a private equity, venture capital, or real estate fund—who provides capital but does not take part in day‑to‑day management and whose financial responsibility is capped at the amount invested. For investors, being a limited partner matters because it defines how much control they have, how much risk they bear, and how returns are distributed; think of a limited partner as a silent co‑owner who shares in profits and losses while leaving operations to the fund managers.
beneficially owned indirectly financial
"These shares are owned directly by Prescott Associates and are beneficially owned indirectly by Prescott General Partners LLC"
pecuniary interest financial
"PGP disclaims beneficial ownership of these shares in excess of its pecuniary interest under Rule 16a-1(a)(2)(ii)(B)"
Rule 16a-1(a)(2)(ii)(B) regulatory
"PGP disclaims beneficial ownership of these shares in excess of its pecuniary interest under Rule 16a-1(a)(2)(ii)(B)"
FAQ
What insider activity did Prescott General Partners report for CACC?
Prescott General Partners LLC reported an internal restructuring of holdings. Prescott Associates L.P. distributed 9,891 Credit Acceptance common shares in kind to a limited partner, while updated indirect holdings were reported for Idoya Partners L.P. and Prescott International Partners L.P. under Prescott’s general partner role.
What are Idoya Partners L.P.’s reported CACC holdings in this filing?
Idoya Partners L.P. is reported holding 495,785 common shares. These shares are owned directly by Idoya and are beneficially owned indirectly by Prescott General Partners LLC as Idoya’s general partner, with Prescott disclaiming beneficial ownership beyond its pecuniary interest under Rule 16a-1(a)(2)(ii)(B).
What are Prescott International Partners L.P.’s holdings of Credit Acceptance stock?
Prescott International Partners L.P. is reported holding 30,034 common shares. The filing states these shares are owned directly by Prescott International Partners L.P. and beneficially owned indirectly by Prescott General Partners LLC as its general partner, subject to the same pecuniary-interest limitation disclaimer.
Does Prescott General Partners LLC claim full beneficial ownership of all reported CACC shares?
No, Prescott General Partners LLC disclaims full beneficial ownership. For shares held through Prescott Associates, Idoya, and Prescott International, it reports indirect beneficial ownership only to the extent of its pecuniary interest, citing Rule 16a-1(a)(2)(ii)(B) in the footnotes.
Was the reported Prescott transaction in CACC stock a market buy or sell?
The filing describes an in-kind distribution, not a market trade. Prescott Associates L.P. distributed 9,891 common shares to a limited partner to satisfy a withdrawal request, coded as an “other” transaction rather than a traditional open-market purchase or sale.
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