Teacher Retirement System of Texas Trims Stock Position in World Acceptance Corporation (NASDAQ:WRLD)

Teacher Retirement System of Texas decreased its holdings in World Acceptance Corporation (NASDAQ:WRLD - Free Report) by 75.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,095 shares of the credit services provider's stock after selling 9,361 shares during the period. Teacher Retirement System of Texas owned 0.05% of World Acceptance worth $392,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Northern Trust Corp increased its stake 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 worth $7,262,000 after purchasing an additional 7,622 shares in the last quarter. American Century Companies Inc. boosted its position 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 acquiring an additional 5,245 shares during the period. GAMMA Investing LLC boosted its position in shares of World Acceptance by 84,803.6% in the first 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 during the period. Bridgeway Capital Management LLC boosted its position in shares of World Acceptance by 2.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 42,597 shares of the credit services provider's stock valued at $4,790,000 after acquiring an additional 1,067 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of World Acceptance by 5.3% in the fourth quarter. Renaissance Technologies LLC now owns 34,400 shares of the credit services provider's stock valued at $3,868,000 after acquiring an additional 1,734 shares during the period. Hedge funds and other institutional investors own 83.63% of the company's stock.

World Acceptance Price Performance

World Acceptance stock traded down $2.14 during mid-day trading on Monday, hitting $162.65. 45,781 shares of the company traded hands, compared to its average volume of 33,011. World Acceptance Corporation has a one year low of $101.85 and a one year high of $177.25. The stock has a market cap of $863.67 million, a price-to-earnings ratio of 9.94 and a beta of 1.35. The company has a debt-to-equity ratio of 1.02, a quick ratio of 19.32 and a current ratio of 19.32. The stock has a fifty day moving average price of $159.11 and a 200-day moving average price of $139.90.

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

Insider Activity at World Acceptance

In related news, SVP Alice Lindsay Caulder sold 1,010 shares of World Acceptance stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $150.00, for a total value of $151,500.00. Following the transaction, the senior vice president directly owned 10,315 shares of the company's stock, valued at $1,547,250. The trade was a 8.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Darrell E. Whitaker sold 2,500 shares of World Acceptance stock in a transaction 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 completion of the transaction, the director directly owned 5,074 shares in the company, valued at approximately $790,174.02. The trade was a 33.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,560 shares of company stock valued at $548,875. 43.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

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.