Wedge Capital Management L L P NC Raises Stock Position in World Acceptance Co. (NASDAQ:WRLD)

Wedge Capital Management L L P NC increased its position in shares of World Acceptance Co. (NASDAQ:WRLD) by 6.1% during the first quarter, HoldingsChannel.com reports. The fund owned 4,743 shares of the credit services provider’s stock after acquiring an additional 273 shares during the period. Wedge Capital Management L L P NC’s holdings in World Acceptance were worth $600,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of World Acceptance by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,966 shares of the credit services provider’s stock worth $221,000 after buying an additional 76 shares during the last quarter. Comerica Bank increased its stake in World Acceptance by 3.8% in the fourth quarter. Comerica Bank now owns 2,513 shares of the credit services provider’s stock valued at $283,000 after acquiring an additional 93 shares during the last quarter. Versant Capital Management Inc raised its position in World Acceptance by 72.1% during the first quarter. Versant Capital Management Inc now owns 265 shares of the credit services provider’s stock valued at $34,000 after purchasing an additional 111 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of World Acceptance by 1.1% in the 4th quarter. Principal Financial Group Inc. now owns 15,776 shares of the credit services provider’s stock worth $1,774,000 after purchasing an additional 176 shares in the last quarter. Finally, WINTON GROUP Ltd increased its position in shares of World Acceptance by 3.5% during the 4th quarter. WINTON GROUP Ltd now owns 9,513 shares of the credit services provider’s stock valued at $1,070,000 after purchasing an additional 324 shares during the last quarter. 83.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at World Acceptance

In other news, SVP Alice Lindsay Caulder sold 1,010 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $150.00, for a total transaction of $151,500.00. Following the transaction, the senior vice president now directly owns 10,315 shares of the company’s stock, valued at approximately $1,547,250. The trade was a 8.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Darrell E. Whitaker sold 2,500 shares of the firm’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $155.73, for a total value of $389,325.00. Following the completion of the sale, the director now directly owns 5,074 shares of the company’s stock, valued at $790,174.02. The trade was a 33.01% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 43.20% of the company’s stock.

World Acceptance Price Performance

Shares of NASDAQ:WRLD opened at $157.04 on Thursday. The company has a quick ratio of 22.46, a current ratio of 22.46 and a debt-to-equity ratio of 1.31. The stock has a market cap of $833.41 million, a PE ratio of 10.97 and a beta of 1.35. The company’s fifty day moving average is $138.92 and its 200 day moving average is $130.45. World Acceptance Co. has a 52 week low of $101.85 and a 52 week high of $164.00.

World Acceptance (NASDAQ:WRLD) last released its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $8.13 EPS for the quarter, topping the consensus estimate of $6.42 by $1.71. The firm had revenue of $165.27 million for the quarter, compared to the consensus estimate of $154.52 million. World Acceptance had a return on equity of 19.03% and a net margin of 14.41%. Research analysts anticipate that World Acceptance Co. will post 14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded World Acceptance from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 3rd.

World Acceptance Company Profile

World Acceptance Corporation engages in consumer finance business in the United States. The company provides short-term small installment loans, medium-term larger installment loans, related credit insurance, and ancillary products and services to individuals. It offers income tax return preparation and filing services; and automobile club memberships.