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

Proficio Capital Partners LLC purchased a new position in shares of World Acceptance Co. (NASDAQ:WRLD) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. FMR LLC increased its holdings in World Acceptance by 19.0% in the 3rd quarter. FMR LLC now owns 822 shares of the credit services provider’s stock worth $97,000 after purchasing an additional 131 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of World Acceptance by 10.0% in the third quarter. HighTower Advisors LLC now owns 1,791 shares of the credit services provider’s stock valued at $211,000 after buying an additional 163 shares during the period. Quantbot Technologies LP increased its stake in shares of World Acceptance by 53.3% in the third quarter. Quantbot Technologies LP now owns 1,997 shares of the credit services provider’s stock valued at $236,000 after buying an additional 694 shares during the period. ClearAlpha Technologies LP acquired a new stake in shares of World Acceptance in the third quarter valued at about $265,000. Finally, Intech Investment Management LLC acquired a new stake in shares of World Acceptance in the third quarter valued at about $275,000. Institutional investors and hedge funds own 83.63% of the company’s stock.

World Acceptance Trading Up 0.2 %

Shares of WRLD stock opened at $125.10 on Friday. The stock has a market cap of $718.95 million, a price-to-earnings ratio of 8.74 and a beta of 1.48. The stock has a 50-day moving average of $132.73 and a 200-day moving average of $122.14. 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 Co. has a 1-year low of $101.85 and a 1-year high of $161.63.

World Acceptance (NASDAQ:WRLD) last released its earnings results on Tuesday, January 28th. The credit services provider reported $2.45 EPS for the quarter, topping 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%. On average, equities research analysts forecast that World Acceptance Co. will post 14 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Luke J. Umstetter sold 488 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $150.19, for a total transaction 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. This trade represents a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Alice Lindsay Caulder sold 600 shares of the firm’s stock in a transaction that occurred 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. This trade represents a 6.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,188 shares of company stock valued at $619,409 over the last 90 days. Company insiders own 43.20% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised World Acceptance from a “buy” rating to a “strong-buy” rating in a research note on Monday, January 13th.

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.