Millennium Management LLC Sells 7,455 Shares of World Acceptance Co. (NASDAQ:WRLD)

Millennium Management LLC decreased its position in shares of World Acceptance Co. (NASDAQ:WRLD - Free Report) by 54.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,279 shares of the credit services provider's stock after selling 7,455 shares during the quarter. Millennium Management LLC owned about 0.11% of World Acceptance worth $706,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in shares of World Acceptance by 1.1% in the fourth quarter. Principal Financial Group Inc. now owns 15,776 shares of the credit services provider's stock valued at $1,774,000 after purchasing an additional 176 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of World Acceptance by 11.0% in 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 last quarter. Northern Trust Corp raised its holdings in shares of World Acceptance by 13.4% in 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 last quarter. Amundi raised its holdings in shares of World Acceptance by 195.7% in 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 last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of World Acceptance by 10.6% in 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 last quarter. Institutional investors own 83.63% of the company's stock.

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.

Insiders Place Their Bets

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. Company insiders own 43.20% of the company's stock.

World Acceptance Price Performance

Shares of WRLD opened at $162.99 on Friday. The company has a market cap of $864.99 million, a price-to-earnings ratio of 11.38 and a beta of 1.35. World Acceptance Co. has a 1-year low of $101.85 and a 1-year high of $162.99. The company's fifty day simple moving average is $136.70 and its 200 day simple moving average is $129.72. The company has a current ratio of 22.46, a quick ratio of 22.46 and a debt-to-equity ratio of 1.31.

World Acceptance (NASDAQ:WRLD - Get Free Report) last issued its 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 net margin of 14.41% and a return on equity of 19.03%. The business had revenue of $165.27 million for the quarter, compared to the consensus estimate of $154.52 million. On average, research analysts forecast that World Acceptance Co. will post 14 earnings per share for the current fiscal 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.

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