Teacher Retirement System of Texas reduced its position in World Acceptance Co. (NASDAQ:WRLD - Free Report) by 16.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,456 shares of the credit services provider's stock after selling 2,505 shares during the quarter. Teacher Retirement System of Texas owned 0.22% of World Acceptance worth $1,401,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. FMR LLC boosted its stake in World Acceptance by 19.0% in the third quarter. FMR LLC now owns 822 shares of the credit services provider's stock worth $97,000 after buying an additional 131 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of World Acceptance by 10.0% in the 3rd quarter. HighTower Advisors LLC now owns 1,791 shares of the credit services provider's stock worth $211,000 after acquiring an additional 163 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of World Acceptance by 1.1% in the 4th quarter. Principal Financial Group Inc. now owns 15,776 shares of the credit services provider's stock valued at $1,774,000 after purchasing an additional 176 shares in the last quarter. Centiva Capital LP grew its holdings in shares of World Acceptance by 16.5% during the 3rd quarter. Centiva Capital LP now owns 4,038 shares of the credit services provider's stock valued at $476,000 after purchasing an additional 572 shares during the last quarter. Finally, Quantbot Technologies LP raised its position in World Acceptance by 53.3% in the 3rd quarter. Quantbot Technologies LP now owns 1,997 shares of the credit services provider's stock worth $236,000 after purchasing an additional 694 shares during the period. 83.63% of the stock is currently owned by institutional investors.
World Acceptance Trading Up 0.4 %
World Acceptance stock traded up $0.58 during trading hours on Wednesday, reaching $130.16. The company had a trading volume of 20,884 shares, compared to its average volume of 29,609. The firm has a market cap of $748.03 million, a price-to-earnings ratio of 9.09 and a beta of 1.48. World Acceptance Co. has a 12-month low of $101.85 and a 12-month 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 $134.12 and a 200 day moving average price of $123.14.
World Acceptance (NASDAQ:WRLD - Get Free Report) last posted its earnings results on Tuesday, January 28th. The credit services provider reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $1.22. World Acceptance had a return on equity of 19.03% and a net margin of 14.41%. Equities analysts forecast that World Acceptance Co. will post 14 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of World Acceptance from a "strong-buy" rating to a "buy" rating in a research report on Saturday.
Check Out Our Latest Analysis on World Acceptance
Insider Activity
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 transaction, the senior vice president now owns 7,183 shares of the company's stock, valued at approximately $1,079,030.26. This represents a 21.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Luke J. Umstetter sold 600 shares of World Acceptance stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $150.00, for a total value of $90,000.00. Following the sale, the insider now owns 15,248 shares in the company, valued at $2,287,200. This represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,188 shares of company stock valued at $619,409. Corporate insiders own 43.20% of the company's stock.
World Acceptance Profile
(
Free Report)
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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