PDT Partners LLC Sells 2,219 Shares of World Acceptance Co. (NASDAQ:WRLD)

PDT Partners LLC decreased its stake in shares of World Acceptance Co. (NASDAQ:WRLD - Free Report) by 31.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,816 shares of the credit services provider's stock after selling 2,219 shares during the quarter. PDT Partners LLC owned approximately 0.08% of World Acceptance worth $542,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position 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 acquiring an additional 176 shares during the period. Barclays PLC increased its holdings in World Acceptance by 282.9% during the 3rd quarter. Barclays PLC now owns 7,657 shares of the credit services provider's stock worth $903,000 after purchasing an additional 5,657 shares during the period. American Century Companies Inc. raised its position in World Acceptance by 11.0% during 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 purchasing an additional 5,245 shares in the last quarter. Amundi lifted its holdings in shares of World Acceptance by 195.7% in the 4th 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 period. Finally, Bank of New York Mellon Corp grew its position in shares of World Acceptance by 10.6% during the 4th 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 in the last quarter. 83.63% of the stock is owned by hedge funds and other institutional investors.

World Acceptance Price Performance

Shares of WRLD opened at $131.35 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 22.46 and a current ratio of 22.46. The company has a 50 day moving average price of $126.06 and a 200-day moving average price of $124.39. World Acceptance Co. has a fifty-two week low of $101.85 and a fifty-two week high of $161.63. The stock has a market capitalization of $754.87 million, a PE ratio of 9.17 and a beta of 1.35.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded World Acceptance from a "strong-buy" rating to a "buy" rating in a report on Monday, April 14th.

Insider Activity at World Acceptance

In other news, insider Luke J. Umstetter sold 488 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $150.19, for a total value of $73,292.72. Following the sale, the insider now directly owns 14,760 shares in the company, valued at approximately $2,216,804.40. This trade represents a 3.20 % decrease in their position. The transaction 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 World Acceptance stock in a transaction that occurred on 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 approximately $1,079,030.26. The trade was a 21.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,988 shares of company stock valued at $445,523 over the last quarter. 43.20% of the stock is owned by corporate insiders.

World Acceptance 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.

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