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

GAMMA Investing LLC increased its position in shares of World Acceptance Co. (NASDAQ:WRLD - Free Report) by 84,803.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,697 shares of the credit services provider's stock after acquiring an additional 46,642 shares during the quarter. GAMMA Investing LLC owned about 0.81% of World Acceptance worth $5,910,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Versant Capital Management Inc lifted its stake in World Acceptance by 72.1% in the first quarter. Versant Capital Management Inc now owns 265 shares of the credit services provider's stock valued at $34,000 after buying an additional 111 shares in the last quarter. Numerai GP LLC lifted its position in shares of World Acceptance by 155.4% in the fourth quarter. Numerai GP LLC now owns 6,412 shares of the credit services provider's stock worth $721,000 after purchasing an additional 3,901 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of World Acceptance by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,966 shares of the credit services provider's stock worth $221,000 after purchasing an additional 76 shares in the last quarter. Deutsche Bank AG lifted its position in shares of World Acceptance by 50.2% in the fourth quarter. Deutsche Bank AG now owns 3,164 shares of the credit services provider's stock worth $356,000 after purchasing an additional 1,057 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. increased its holdings in World Acceptance by 14.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 33,632 shares of the credit services provider's stock worth $3,782,000 after buying an additional 4,329 shares during the last quarter. Institutional investors own 83.63% of the company's stock.

Insider Buying and Selling at World Acceptance

In other news, Director Darrell E. Whitaker sold 2,500 shares of the business'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 completion of the sale, the director now owns 5,074 shares of the company's stock, valued at approximately $790,174.02. The trade was a 33.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Alice Lindsay Caulder sold 1,010 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $150.00, for a total transaction of $151,500.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 3,560 shares of company stock worth $548,875 over the last ninety days. Insiders own 43.20% of the company's stock.

World Acceptance Stock Down 2.1%

WRLD traded down $3.29 during trading on Friday, reaching $150.79. 49,111 shares of the stock were exchanged, compared to its average volume of 30,291. The stock has a market cap of $800.24 million, a P/E ratio of 10.53 and a beta of 1.35. World Acceptance Co. has a twelve month low of $101.85 and a twelve month high of $164.00. The stock's 50 day moving average price is $139.67 and its two-hundred day moving average price is $130.68. The company has a debt-to-equity ratio of 1.31, a quick ratio of 22.46 and a current ratio of 22.46.

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

Wall Street Analysts Forecast Growth

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

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.