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

Millennium Management LLC cut its stake 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 SEC. The institutional investor owned 6,279 shares of the credit services provider's stock after selling 7,455 shares during the period. Millennium Management LLC owned approximately 0.11% of World Acceptance worth $706,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. KLP Kapitalforvaltning AS bought a new position in shares of World Acceptance in the fourth quarter worth $56,000. Amundi increased its holdings in shares of World Acceptance by 195.7% during the 4th quarter. Amundi now owns 1,591 shares of the credit services provider's stock valued at $180,000 after acquiring an additional 1,053 shares during the last quarter. Wells Fargo & Company MN grew its holdings in World Acceptance by 48.8% in the 4th quarter. Wells Fargo & Company MN now owns 1,643 shares of the credit services provider's stock valued at $185,000 after buying an additional 539 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of World Acceptance by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,966 shares of the credit services provider's stock worth $221,000 after acquiring an additional 76 shares during the period. Finally, Comerica Bank lifted its position in shares of World Acceptance by 3.8% during the 4th quarter. Comerica Bank now owns 2,513 shares of the credit services provider's stock worth $283,000 after buying an additional 93 shares during the period. 83.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Alice Lindsay Caulder sold 1,010 shares of the firm'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 transaction, the senior vice president now directly owns 10,315 shares of the company's stock, valued at $1,547,250. This trade represents a 8.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Darrell E. Whitaker sold 2,500 shares of World Acceptance stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $155.73, for a total transaction of $389,325.00. Following the completion of 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 disclosure for this sale can be found here. 43.20% of the stock is owned by corporate insiders.

World Acceptance Stock Down 0.5%

WRLD traded down $0.75 on Wednesday, hitting $157.04. 38,620 shares of the company were exchanged, compared to its average volume of 30,127. The stock's fifty day moving average is $138.92 and its 200-day moving average is $130.45. The company has a market cap of $833.41 million, a PE ratio of 10.97 and a beta of 1.35. 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 Co. has a 12 month low of $101.85 and a 12 month high of $164.00.

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut World Acceptance from a "strong-buy" rating to a "buy" rating in a research note 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.