Voleon Capital Management LP Has $1.71 Million Stock 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 trimmed its holdings in World Acceptance Corporation (NASDAQ:WRLD - Free Report) by 12.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 0.23% of World Acceptance worth $1,708,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its position in World Acceptance by 72.1% in the first quarter. Versant Capital Management Inc now owns 265 shares of the credit services provider's stock worth $34,000 after acquiring an additional 111 shares in the last quarter. GAMMA Investing LLC grew its position in World Acceptance by 570.9% in 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 in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of World Acceptance by 876.2% during the 1st quarter. Russell Investments Group Ltd. now owns 820 shares of the credit services provider's stock worth $104,000 after buying an additional 736 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of World Acceptance by 4.0% during 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 buying an additional 76 shares during the period. Finally, Comerica Bank boosted its holdings 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.

Insider Activity at World Acceptance

In related news, insider Prescott General Partners Llc sold 347,064 shares of the company's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $172.88, for a total transaction of $60,000,424.32. Following the completion of the transaction, the insider directly owned 41,804 shares in the company, valued at $7,227,075.52. This represents a 89.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ken R. Bramlett, Jr. sold 3,389 shares of the company's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $167.19, for a total transaction of $566,606.91. Following the transaction, the director owned 32,205 shares of the company's stock, valued at approximately $5,384,353.95. The trade was a 9.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 355,559 shares of company stock valued at $61,381,639 in the last 90 days. 41.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

World Acceptance Stock Performance

NASDAQ:WRLD traded down $4.31 during trading hours on Friday, hitting $165.19. 27,409 shares of the company traded hands, compared to its average volume of 38,079. The stock has a market capitalization of $900.29 million, a price-to-earnings ratio of 11.15 and a beta of 1.28. World Acceptance Corporation has a twelve month low of $104.99 and a twelve month high of $177.25. The firm has a 50-day moving average of $167.05 and a 200 day moving average of $148.59. The company has a current ratio of 17.83, a quick ratio of 17.83 and a debt-to-equity ratio of 1.10.

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

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.