Proficio Capital Partners LLC Makes New $1.50 Million Investment in World Acceptance Co. (NASDAQ:WRLD)

Proficio Capital Partners LLC purchased a new position in shares of World Acceptance Co. (NASDAQ:WRLD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 13,380 shares of the credit services provider's stock, valued at approximately $1,504,000. Proficio Capital Partners LLC owned approximately 0.23% of World Acceptance at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of World Acceptance by 19.0% during the 3rd quarter. FMR LLC now owns 822 shares of the credit services provider's stock valued at $97,000 after purchasing an additional 131 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of World Acceptance by 10.0% during the third quarter. HighTower Advisors LLC now owns 1,791 shares of the credit services provider's stock worth $211,000 after buying an additional 163 shares in the last quarter. Quantbot Technologies LP increased its holdings in shares of World Acceptance by 53.3% during the third quarter. Quantbot Technologies LP now owns 1,997 shares of the credit services provider's stock worth $236,000 after buying an additional 694 shares in the last quarter. ClearAlpha Technologies LP bought a new position in shares of World Acceptance in the 3rd quarter valued at $265,000. Finally, Intech Investment Management LLC acquired a new stake in shares of World Acceptance during the 3rd quarter valued at $275,000. 83.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised World Acceptance from a "buy" rating to a "strong-buy" rating in a report on Monday, January 13th.

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World Acceptance Trading Up 4.5 %

NASDAQ:WRLD traded up $5.62 during mid-day trading on Monday, hitting $131.02. 25,906 shares of the company's stock were exchanged, compared to its average volume of 28,489. The company has a 50 day simple moving average of $133.04 and a 200-day simple moving average of $122.30. The firm has a market capitalization of $752.97 million, a P/E ratio of 9.15 and a beta of 1.48. World Acceptance Co. has a fifty-two week low of $101.85 and a fifty-two week high of $161.63. The company has a current ratio of 22.46, a quick ratio of 22.46 and a debt-to-equity ratio of 1.31.

World Acceptance (NASDAQ:WRLD - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The credit services provider reported $2.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.23 by $1.22. World Acceptance had a return on equity of 19.03% and a net margin of 14.41%. As a group, research analysts expect that World Acceptance Co. will post 14 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Scott Mcintyre sold 2,000 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $150.22, for a total value of $300,440.00. Following the completion of the sale, the senior vice president now directly owns 7,183 shares of the company's stock, valued at $1,079,030.26. This represents a 21.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Alice Lindsay Caulder sold 600 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $139.81, for a total value of $83,886.00. Following the completion of the sale, the senior vice president now directly owns 8,524 shares of the company's stock, valued at $1,191,740.44. The trade was a 6.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,188 shares of company stock worth $619,409. Company insiders own 43.20% of the company's stock.

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.