Teacher Retirement System of Texas lessened its stake in shares of World Acceptance Corporation (NASDAQ:WRLD - Free Report) by 75.2% in the first quarter, according to the company in its most recent 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 approximately 0.05% of World Acceptance worth $392,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WRLD. Versant Capital Management Inc boosted its stake in shares of World Acceptance by 72.1% in the 1st quarter. Versant Capital Management Inc now owns 265 shares of the credit services provider's stock worth $34,000 after buying an additional 111 shares during the last quarter. GAMMA Investing LLC increased its stake in World Acceptance by 570.9% during the first quarter. GAMMA Investing LLC now owns 369 shares of the credit services provider's stock worth $47,000 after acquiring an additional 314 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of World Acceptance during the fourth quarter valued at approximately $56,000. Amundi lifted its holdings in World Acceptance by 195.7% during the fourth quarter. Amundi now owns 1,591 shares of the credit services provider's stock worth $180,000 after buying an additional 1,053 shares during the period. Finally, Wells Fargo & Company MN grew its stake in World Acceptance by 48.8% during the 4th quarter. Wells Fargo & Company MN now owns 1,643 shares of the credit services provider's stock worth $185,000 after buying an additional 539 shares during the last quarter. Institutional investors own 83.63% of the company's stock.
World Acceptance Stock Down 1.0%
World Acceptance stock opened at $166.42 on Friday. World Acceptance Corporation has a fifty-two week low of $101.85 and a fifty-two week high of $177.25. 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 firm has a 50 day moving average price of $158.62 and a 200 day moving average price of $139.16. The company has a market capitalization of $883.69 million, a PE ratio of 10.17 and a beta of 1.35.
World Acceptance (NASDAQ:WRLD - Get Free Report) last issued its earnings results on Tuesday, April 29th. The credit services provider reported $8.13 EPS for the quarter, topping analysts' consensus estimates of $6.42 by $1.71. World Acceptance had a net margin of 15.89% and a return on equity of 21.02%. The firm had revenue of $165.27 million during the quarter, compared to the consensus estimate of $154.52 million. Research analysts expect that World Acceptance Corporation will post 14 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised shares of World Acceptance from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 12th.
Read Our Latest Stock Report on World Acceptance
Insider Transactions at World Acceptance
In other World Acceptance news, SVP Alice Lindsay Caulder sold 1,010 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $150.00, for a total value of $151,500.00. Following the completion of the transaction, the senior vice president directly owned 10,315 shares of the company's stock, valued at approximately $1,547,250. This trade represents a 8.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Darrell E. Whitaker sold 2,500 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $155.73, for a total transaction of $389,325.00. Following the completion of the sale, the director owned 5,074 shares in the company, valued at $790,174.02. This represents a 33.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,560 shares of company stock valued at $548,875 over the last ninety days. Corporate insiders own 43.20% of the company's stock.
About World Acceptance
(
Free Report)
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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