First Acceptance (FAC) Earning Positive Media Coverage, Report Shows

Press coverage about First Acceptance (NYSE:FAC) has trended positive on Friday, according to AlphaOne Sentiment. The research firm, a division of Accern, scores the sentiment of news coverage by monitoring more than twenty million blog and news sources. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First Acceptance earned a media sentiment score of 0.45 on AlphaOne’s scale. AlphaOne also assigned media coverage about the financial services provider an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the near future.

Shares of First Acceptance (NYSE:FAC) traded up 5.17% during mid-day trading on Friday, hitting $1.22. 90,273 shares of the stock traded hands. The stock has a 50-day moving average of $1.20 and a 200-day moving average of $1.24. First Acceptance has a 52 week low of $0.74 and a 52 week high of $2.40. The company’s market cap is $50.22 million.

In related news, CEO Kenneth D. Russell bought 50,000 shares of the business’s stock in a transaction on Friday, March 17th. The stock was bought at an average price of $1.47 per share, for a total transaction of $73,500.00. Following the transaction, the chief executive officer now directly owns 63,000 shares in the company, valued at $92,610. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 10.80% of the stock is owned by corporate insiders.

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About First Acceptance

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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