Rhumbline Advisers Decreases Holdings in World Acceptance Corporation (NASDAQ:WRLD)

Rhumbline Advisers cut its stake in World Acceptance Corporation (NASDAQ:WRLD) by 2.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,872 shares of the credit services provider’s stock after selling 293 shares during the period. Rhumbline Advisers owned about 0.17% of World Acceptance worth $1,249,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Northern Trust Corp lifted its position in World Acceptance by 13.4% during the 4th quarter. Northern Trust Corp now owns 64,584 shares of the credit services provider’s stock worth $7,262,000 after acquiring an additional 7,622 shares during the period. American Century Companies Inc. boosted its position in 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 worth $5,961,000 after purchasing an additional 5,245 shares in the last quarter. GAMMA Investing LLC increased its holdings in World Acceptance by 84,803.6% during the 1st quarter. GAMMA Investing LLC now owns 46,697 shares of the credit services provider’s stock valued at $5,910,000 after acquiring an additional 46,642 shares in the last quarter. Bridgeway Capital Management LLC lifted its stake in World Acceptance by 2.6% in the 4th quarter. Bridgeway Capital Management LLC now owns 42,597 shares of the credit services provider’s stock valued at $4,790,000 after buying an additional 1,067 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in World Acceptance by 5.3% in the 4th quarter. Renaissance Technologies LLC now owns 34,400 shares of the credit services provider’s stock valued at $3,868,000 after purchasing an additional 1,734 shares in the last quarter. Institutional investors and hedge funds own 83.63% of the company’s stock.

Insider Activity at World Acceptance

In other news, Director Darrell E. Whitaker sold 2,500 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $790,174.02. This represents a 33.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Alice Lindsay Caulder sold 1,010 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $150.00, for a total value of $151,500.00. Following the completion of the sale, the senior vice president now directly owns 10,315 shares in the company, valued at $1,547,250. This represents a 8.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,560 shares of company stock valued at $548,875. Insiders own 43.20% of the company’s stock.

Wall Street Analyst Weigh In

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 Trading Up 2.5%

Shares of WRLD stock opened at $159.46 on Friday. The firm’s 50 day moving average price is $143.22 and its two-hundred day moving average price is $131.89. World Acceptance Corporation has a fifty-two week low of $101.85 and a fifty-two week high of $164.00. The company has a quick ratio of 19.32, a current ratio of 19.32 and a debt-to-equity ratio of 1.02. The stock has a market cap of $846.73 million, a price-to-earnings ratio of 9.75 and a beta of 1.35.

World Acceptance (NASDAQ:WRLD) last released its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $8.13 earnings per share for the quarter, topping analysts’ consensus estimates of $6.42 by $1.71. World Acceptance had a return on equity of 21.02% and a net margin of 15.89%. The firm had revenue of $165.27 million during the quarter, compared to analysts’ expectations of $154.52 million. On average, analysts anticipate that World Acceptance Corporation will post 14 EPS for the current year.

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.