Two Sigma Investments LP Sells 15,049 Shares of World Acceptance Co. (NASDAQ:WRLD)

Two Sigma Investments LP decreased its stake in shares of World Acceptance Co. (NASDAQ:WRLD - Free Report) by 58.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 10,714 shares of the credit services provider's stock after selling 15,049 shares during the period. Two Sigma Investments LP owned 0.19% of World Acceptance worth $1,205,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in shares of World Acceptance by 1.1% during the 4th quarter. Principal Financial Group Inc. now owns 15,776 shares of the credit services provider's stock valued at $1,774,000 after acquiring an additional 176 shares during the last quarter. American Century Companies Inc. grew its holdings in World Acceptance by 11.0% in the 4th quarter. American Century Companies Inc. now owns 53,014 shares of the credit services provider's stock valued at $5,961,000 after buying an additional 5,245 shares during the last quarter. Northern Trust Corp grew its holdings in World Acceptance by 13.4% in the 4th quarter. Northern Trust Corp now owns 64,584 shares of the credit services provider's stock valued at $7,262,000 after buying an additional 7,622 shares during the last quarter. Amundi grew its holdings in World Acceptance by 195.7% in the 4th quarter. Amundi now owns 1,591 shares of the credit services provider's stock valued at $180,000 after buying an additional 1,053 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in World Acceptance by 10.6% in the 4th 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 buying an additional 3,141 shares during the last quarter. Institutional investors and hedge funds own 83.63% of the company's stock.

World Acceptance Stock Performance

WRLD traded up $6.26 during midday trading on Friday, reaching $162.99. The company's stock had a trading volume of 34,244 shares, compared to its average volume of 29,457. The stock has a market cap of $864.99 million, a P/E ratio of 11.38 and a beta of 1.35. The company has a fifty day simple moving average of $136.70 and a 200 day simple moving average of $129.80. 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 Co. has a twelve month low of $101.85 and a twelve month high of $162.99.

World Acceptance (NASDAQ:WRLD - Get Free Report) last released its earnings results on Tuesday, April 29th. The credit services provider reported $8.13 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $165.27 million for the quarter, compared to analyst estimates of $154.52 million. Research analysts expect that World Acceptance Co. will post 14 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insider Transactions at World Acceptance

In related news, Director Darrell E. Whitaker sold 2,500 shares of the firm's stock in a transaction that occurred 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 now owns 5,074 shares in the company, valued at $790,174.02. This trade represents a 33.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Alice Lindsay Caulder sold 1,010 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $150.00, for a total value of $151,500.00. Following the transaction, the senior vice president now owns 10,315 shares of the company's stock, valued at $1,547,250. This trade represents a 8.92% decrease in their position. The disclosure for this sale can be found here. 43.20% of the stock is owned by insiders.

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.