Two Sigma Advisers LP Sells 10,200 Shares of World Acceptance Co. (NASDAQ:WRLD)

Two Sigma Advisers LP cut its stake in World Acceptance Co. (NASDAQ:WRLD - Free Report) by 39.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,700 shares of the credit services provider's stock after selling 10,200 shares during the period. Two Sigma Advisers LP owned 0.27% of World Acceptance worth $1,765,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of WRLD. Empowered Funds LLC raised its stake in shares of World Acceptance by 5.0% during the fourth quarter. Empowered Funds LLC now owns 22,497 shares of the credit services provider's stock worth $2,530,000 after buying an additional 1,067 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of World Acceptance by 1.1% during the fourth quarter. Principal Financial Group Inc. now owns 15,776 shares of the credit services provider's stock worth $1,774,000 after buying an additional 176 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of World Acceptance by 10.6% during the fourth quarter. Bank of New York Mellon Corp now owns 32,681 shares of the credit services provider's stock worth $3,675,000 after buying an additional 3,141 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of World Acceptance during the fourth quarter worth approximately $1,504,000. Finally, Amundi raised its stake in shares of 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 last quarter. 83.63% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Alice Lindsay Caulder sold 1,010 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $150.00, for a total transaction of $151,500.00. Following the transaction, the senior vice president now directly owns 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Darrell E. Whitaker sold 2,500 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $155.73, for a total transaction of $389,325.00. Following the transaction, the director now directly owns 5,074 shares in the company, valued at approximately $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 own 43.20% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of World Acceptance from a "strong-buy" rating to a "buy" rating in a research note on Tuesday.

World Acceptance Stock Up 1.1%

WRLD traded up $1.74 during trading hours on Tuesday, hitting $157.28. 25,257 shares of the company's stock were exchanged, compared to its average volume of 29,200. World Acceptance Co. has a 1-year low of $101.85 and a 1-year high of $161.63. The stock's 50-day moving average is $134.84 and its two-hundred day moving average is $128.83. The stock has a market cap of $834.68 million, a price-to-earnings ratio of 10.98 and a beta of 1.29. The company has a quick ratio of 22.46, a current ratio of 22.46 and a debt-to-equity ratio of 1.31.

World Acceptance (NASDAQ:WRLD - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $8.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.42 by $1.71. World Acceptance had a net margin of 14.41% and a return on equity of 19.03%. The firm had revenue of $165.27 million for the quarter, compared to analyst estimates of $154.52 million. Sell-side analysts predict that World Acceptance Co. will post 14 earnings per share for the current fiscal year.

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.