Geode Capital Management LLC Has $8.92 Million Stake in World Acceptance Co. (NASDAQ:WRLD)

Geode Capital Management LLC lowered its holdings in World Acceptance Co. (NASDAQ:WRLD) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 79,296 shares of the credit services provider’s stock after selling 324 shares during the quarter. Geode Capital Management LLC owned about 1.38% of World Acceptance worth $8,918,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. KLP Kapitalforvaltning AS bought a new position in shares of World Acceptance in the fourth quarter valued at $56,000. Amundi lifted its position in World Acceptance by 195.7% in the 4th quarter. Amundi now owns 1,591 shares of the credit services provider’s stock valued at $180,000 after acquiring an additional 1,053 shares in the last quarter. HighTower Advisors LLC lifted its position in World Acceptance by 10.0% in the 3rd quarter. HighTower Advisors LLC now owns 1,791 shares of the credit services provider’s stock valued at $211,000 after acquiring an additional 163 shares in the last quarter. Barclays PLC boosted its stake in World Acceptance by 282.9% during the 3rd quarter. Barclays PLC now owns 7,657 shares of the credit services provider’s stock valued at $903,000 after purchasing an additional 5,657 shares during the last quarter. Finally, Royce & Associates LP increased its holdings in World Acceptance by 60.7% during the 4th quarter. Royce & Associates LP now owns 8,535 shares of the credit services provider’s stock worth $960,000 after purchasing an additional 3,223 shares in the last quarter. Institutional investors own 83.63% of the company’s stock.

World Acceptance Price Performance

WRLD opened at $129.55 on Thursday. The firm’s fifty day moving average price is $127.21 and its two-hundred day moving average price is $123.51. The company has a market capitalization of $744.52 million, a price-to-earnings ratio of 9.05 and a beta of 1.35. The company has a debt-to-equity ratio of 1.31, a current ratio of 22.46 and a quick ratio of 22.46. World Acceptance Co. has a 1 year low of $101.85 and a 1 year high of $161.63.

World Acceptance (NASDAQ:WRLD) last released its quarterly earnings results on Tuesday, January 28th. The credit services provider reported $2.45 earnings per share for the quarter, topping the consensus estimate of $1.23 by $1.22. World Acceptance had a net margin of 14.41% and a return on equity of 19.03%. As a group, analysts anticipate that World Acceptance Co. will post 14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered World Acceptance from a “strong-buy” rating to a “buy” rating in a report on Monday, April 14th.

Insider Transactions at World Acceptance

In other news, SVP Alice Lindsay Caulder sold 600 shares of World Acceptance stock in a transaction on Friday, January 31st. The stock was sold at an average price of $139.81, for a total transaction of $83,886.00. Following the sale, the senior vice president now directly owns 8,524 shares in the company, valued at $1,191,740.44. The trade was a 6.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Scott Mcintyre sold 2,000 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $150.22, for a total transaction of $300,440.00. Following the transaction, the senior vice president now owns 7,183 shares of the company’s stock, valued at approximately $1,079,030.26. The trade was a 21.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,188 shares of company stock worth $619,409 in the last 90 days. Insiders own 43.20% of the company’s stock.

About World Acceptance

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.