2,910 Shares in World Acceptance Corporation (NASDAQ:WRLD) Acquired by Alps Advisors Inc.

Alps Advisors Inc. bought a new position in shares of World Acceptance Corporation (NASDAQ:WRLD - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,910 shares of the credit services provider's stock, valued at approximately $368,000. Alps Advisors Inc. owned 0.05% of World Acceptance as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Northern Trust Corp boosted its stake 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 valued at $7,262,000 after purchasing an additional 7,622 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of World Acceptance by 11.0% during the 4th quarter. American Century Companies Inc. now owns 53,014 shares of the credit services provider's stock valued at $5,961,000 after buying an additional 5,245 shares during the period. GAMMA Investing LLC raised its holdings in World Acceptance by 84,803.6% in the 1st quarter. GAMMA Investing LLC now owns 46,697 shares of the credit services provider's stock worth $5,910,000 after purchasing an additional 46,642 shares during the period. Bridgeway Capital Management LLC raised its holdings 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 worth $4,790,000 after purchasing an additional 1,067 shares during the period. Finally, Renaissance Technologies LLC raised 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 worth $3,868,000 after purchasing an additional 1,734 shares during the period. Hedge funds and other institutional investors own 83.63% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised World Acceptance from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 12th.

Insider Transactions at World Acceptance

In other news, SVP Alice Lindsay Caulder sold 1,010 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $150.00, for a total transaction of $151,500.00. Following the completion of the transaction, the senior vice president owned 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Darrell E. Whitaker sold 2,500 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $155.73, for a total value of $389,325.00. Following the transaction, the director owned 5,074 shares of the company's stock, valued at approximately $790,174.02. The trade was a 33.01% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,560 shares of company stock worth $548,875. Insiders own 43.20% of the company's stock.

World Acceptance Price Performance

NASDAQ:WRLD traded down $0.98 on Thursday, reaching $167.06. 16,382 shares of the company's stock traded hands, compared to its average volume of 36,095. 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 50-day simple moving average of $158.04 and a 200-day simple moving average of $138.78. The firm has a market cap of $886.56 million, a PE ratio of 10.21 and a beta of 1.35. World Acceptance Corporation has a 12 month low of $101.85 and a 12 month high of $177.25.

World Acceptance (NASDAQ:WRLD - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $8.13 EPS for the quarter, beating analysts' consensus estimates of $6.42 by $1.71. The business had revenue of $165.27 million for the quarter, compared to analysts' expectations of $154.52 million. World Acceptance had a return on equity of 21.02% and a net margin of 15.89%. Equities research analysts forecast that World Acceptance Corporation will post 14 earnings per share for the current year.

World Acceptance 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.