Voleon Capital Management LP Makes New $1.73 Million Investment in World Acceptance Co. (NASDAQ:WRLD)

Voleon Capital Management LP acquired a new stake in World Acceptance Co. (NASDAQ:WRLD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 15,366 shares of the credit services provider's stock, valued at approximately $1,728,000. Voleon Capital Management LP owned 0.27% of World Acceptance at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new stake in World Acceptance in the 4th quarter valued at about $56,000. Amundi lifted its position in shares of World Acceptance by 195.7% in the fourth quarter. Amundi now owns 1,591 shares of the credit services provider's stock valued at $180,000 after buying an additional 1,053 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of World Acceptance by 48.8% during the 4th quarter. Wells Fargo & Company MN now owns 1,643 shares of the credit services provider's stock worth $185,000 after acquiring an additional 539 shares during the period. XTX Topco Ltd acquired a new position in shares of World Acceptance during the 4th quarter worth approximately $302,000. Finally, Price T Rowe Associates Inc. MD raised its stake in World Acceptance by 22.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,909 shares of the credit services provider's stock valued at $328,000 after acquiring an additional 535 shares during the period. 83.63% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other World Acceptance news, insider Luke J. Umstetter sold 488 shares of the business'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 completion of the sale, the insider now owns 14,760 shares of the company's stock, valued at $2,216,804.40. The trade was a 3.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Scott Mcintyre sold 2,000 shares of the firm's 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,988 shares of company stock worth $445,523 in the last 90 days. Company insiders own 43.20% of the company's stock.

World Acceptance Stock Performance

World Acceptance stock traded up $1.67 during trading hours on Friday, hitting $133.02. The company had a trading volume of 19,069 shares, compared to its average volume of 29,286. The firm has a 50-day moving average of $126.02 and a 200 day moving average of $124.55. 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 firm has a market cap of $764.47 million, a PE ratio of 9.29 and a beta of 1.35. World Acceptance Co. has a one year low of $101.85 and a one year high of $161.63.

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 for the quarter, topping analysts' consensus estimates of $6.42 by $1.71. The company had revenue of $165.27 million for the quarter, compared to analyst estimates of $154.52 million. World Acceptance had a return on equity of 19.03% and a net margin of 14.41%. On average, sell-side analysts expect that World Acceptance Co. will post 14 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.