World Acceptance Co. (NASDAQ:WRLD) Shares Sold by Invesco Ltd.

Invesco Ltd. decreased its position in World Acceptance Co. (NASDAQ:WRLD - Free Report) by 16.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,756 shares of the credit services provider's stock after selling 3,834 shares during the quarter. Invesco Ltd. owned about 0.34% of World Acceptance worth $2,221,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in shares of World Acceptance by 1.1% in the fourth quarter. Principal Financial Group Inc. now owns 15,776 shares of the credit services provider's stock valued at $1,774,000 after buying an additional 176 shares during the last quarter. WINTON GROUP Ltd raised its holdings in World Acceptance by 3.5% in the 4th quarter. WINTON GROUP Ltd now owns 9,513 shares of the credit services provider's stock valued at $1,070,000 after acquiring an additional 324 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of World Acceptance during the 4th quarter worth $56,000. Wells Fargo & Company MN boosted its holdings in shares of World Acceptance by 48.8% during the fourth quarter. Wells Fargo & Company MN now owns 1,643 shares of the credit services provider's stock worth $185,000 after purchasing an additional 539 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its position in shares of World Acceptance by 6.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 11,521 shares of the credit services provider's stock valued at $1,295,000 after purchasing an additional 708 shares during the period. 83.63% of the stock is currently owned by hedge funds and other institutional investors.

World Acceptance Stock Up 1.3 %

World Acceptance stock traded up $1.67 during midday trading on Friday, hitting $133.02. 19,069 shares of the stock were exchanged, compared to its average volume of 29,285. The firm has a market cap of $764.47 million, a P/E ratio of 9.29 and a beta of 1.35. World Acceptance Co. has a 1 year low of $101.85 and a 1 year high of $161.63. The company has a debt-to-equity ratio of 1.31, a current ratio of 22.46 and a quick ratio of 22.46. The company has a 50 day moving average price of $126.02 and a two-hundred day moving average price of $124.51.

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

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of World Acceptance from a "buy" rating to a "strong-buy" rating in a research note on Friday.

Insider Transactions at World Acceptance

In related news, SVP Jason E. Childers sold 500 shares of the business's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $143.58, for a total transaction of $71,790.00. Following the completion of the sale, the senior vice president now owns 8,039 shares of the company's stock, valued at $1,154,239.62. This represents a 5.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Scott Mcintyre sold 2,000 shares of the firm's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $150.22, for a total transaction of $300,440.00. Following the completion of the transaction, the senior vice president now directly owns 7,183 shares in the company, valued at $1,079,030.26. This represents a 21.78 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,988 shares of company stock worth $445,523. 43.20% of the stock is currently owned by corporate 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.