GAMMA Investing LLC Buys 46,642 Shares of World Acceptance Co. (NASDAQ:WRLD)

GAMMA Investing LLC grew its stake in shares of World Acceptance Co. (NASDAQ:WRLD) by 84,803.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,697 shares of the credit services provider’s stock after buying an additional 46,642 shares during the period. GAMMA Investing LLC owned 0.81% of World Acceptance worth $5,910,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of WRLD. Principal Financial Group Inc. grew its holdings in shares of World Acceptance by 1.1% during the fourth 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. American Century Companies Inc. boosted its stake in shares of World Acceptance by 11.0% during the fourth quarter. American Century Companies Inc. now owns 53,014 shares of the credit services provider’s stock valued at $5,961,000 after purchasing an additional 5,245 shares during the period. Northern Trust Corp boosted its stake in shares of World Acceptance by 13.4% during the fourth quarter. Northern Trust Corp now owns 64,584 shares of the credit services provider’s stock valued at $7,262,000 after purchasing an additional 7,622 shares during the period. Amundi boosted its stake in shares of World Acceptance by 195.7% during the fourth quarter. Amundi now owns 1,591 shares of the credit services provider’s stock valued at $180,000 after purchasing an additional 1,053 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of World Acceptance by 10.6% during the fourth quarter. Bank of New York Mellon Corp now owns 32,681 shares of the credit services provider’s stock valued at $3,675,000 after purchasing an additional 3,141 shares during the period. 83.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

World Acceptance Price Performance

Shares of World Acceptance stock opened at $157.61 on Tuesday. The business has a 50 day moving average of $137.25 and a 200 day moving average of $130.07. 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 company has a market cap of $836.44 million, a PE ratio of 11.01 and a beta of 1.35. World Acceptance Co. has a 52 week low of $101.85 and a 52 week high of $164.00.

World Acceptance (NASDAQ:WRLD) last posted its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $8.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.42 by $1.71. The business had revenue of $165.27 million during 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%. As a group, equities research analysts forecast that World Acceptance Co. will post 14 earnings per share for the current year.

Insider Transactions at World Acceptance

In related news, Director Darrell E. Whitaker sold 2,500 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $155.73, for a total transaction of $389,325.00. Following the sale, the director now directly owns 5,074 shares of the company’s stock, valued at $790,174.02. This trade represents a 33.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Alice Lindsay Caulder sold 1,010 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $150.00, for a total value of $151,500.00. Following the sale, the senior vice president now directly owns 10,315 shares in the company, valued at $1,547,250. This trade represents a 8.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 43.20% of the company’s stock.

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.