Voleon Capital Management LP Has $1.71 Million Holdings in World Acceptance Corporation $WRLD

Key Points

• Voleon Capital Management LP sold 1,869 shares of World Acceptance Corporation, reducing its holdings by 12.2% during the first quarter, leaving it with 13,497 shares worth approximately $1.7 million.
• Insiders, including Prescott General Partners LLC, sold a significant number of shares, with Prescott selling 347,064 shares valued at over $60 million, indicating a major change in ownership.
• Wall Street analysts downgraded World Acceptance from a "strong-buy" to a "hold" rating, reflecting growing caution about the stock's performance.

Voleon Capital Management LP lowered its holdings in shares of World Acceptance Corporation (NASDAQ:WRLD - Free Report) by 12.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,497 shares of the credit services provider's stock after selling 1,869 shares during the period. Voleon Capital Management LP owned about 0.23% of World Acceptance worth $1,708,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in World Acceptance by 2.2% during the first quarter. Vanguard Group Inc. now owns 349,238 shares of the credit services provider's stock worth $44,196,000 after buying an additional 7,429 shares in the last quarter. Northern Trust Corp boosted its stake in World Acceptance by 13.4% during the fourth quarter. Northern Trust Corp now owns 64,584 shares of the credit services provider's stock worth $7,262,000 after buying an additional 7,622 shares in the last quarter. American Century Companies Inc. boosted its stake in World Acceptance by 17.0% during the first quarter. American Century Companies Inc. now owns 62,019 shares of the credit services provider's stock worth $7,849,000 after buying an additional 9,005 shares in the last quarter. GAMMA Investing LLC boosted its stake in World Acceptance by 84,803.6% during the first quarter. GAMMA Investing LLC now owns 46,697 shares of the credit services provider's stock worth $5,910,000 after buying an additional 46,642 shares in the last quarter. Finally, Bridgeway Capital Management LLC boosted its stake in World Acceptance by 2.2% during the first quarter. Bridgeway Capital Management LLC now owns 43,522 shares of the credit services provider's stock worth $5,508,000 after buying an additional 925 shares in the last quarter. Institutional investors and hedge funds own 83.63% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of World Acceptance from a "strong-buy" rating to a "hold" rating in a research note on Saturday, July 26th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $10.00.

World Acceptance Stock Down 2.5%

Shares of WRLD traded down $4.31 on Friday, hitting $165.19. The company's stock had a trading volume of 27,409 shares, compared to its average volume of 34,951. The company has a quick ratio of 17.83, a current ratio of 17.83 and a debt-to-equity ratio of 1.10. The firm's fifty day moving average price is $166.86 and its 200-day moving average price is $149.01. World Acceptance Corporation has a fifty-two week low of $104.99 and a fifty-two week high of $177.25. The firm has a market capitalization of $900.29 million, a price-to-earnings ratio of 11.15 and a beta of 1.27.

World Acceptance (NASDAQ:WRLD - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The credit services provider reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $2.44 by ($2.19). The firm had revenue of $132.45 million for the quarter, compared to analyst estimates of $122.38 million. World Acceptance had a return on equity of 18.95% and a net margin of 14.29%. On average, equities research analysts expect that World Acceptance Corporation will post 14 EPS for the current year.

Insider Transactions at World Acceptance

In other World Acceptance news, insider Daniel Clinton Dyer sold 4,704 shares of the stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $159.50, for a total transaction of $750,288.00. Following the transaction, the insider owned 42,714 shares in the company, valued at $6,812,883. This trade represents a 9.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ken R. Bramlett, Jr. sold 3,389 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $167.19, for a total value of $566,606.91. Following the transaction, the director owned 32,205 shares in the company, valued at $5,384,353.95. The trade was a 9.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 355,559 shares of company stock worth $61,381,639 over the last quarter. 41.60% of the stock is currently owned by corporate insiders.

World Acceptance Company Profile

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.