World Acceptance Co. (NASDAQ:WRLD) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its holdings in shares of World Acceptance Co. (NASDAQ:WRLD) by 6.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,942 shares of the credit services provider’s stock after selling 384 shares during the period. New York State Teachers Retirement System owned approximately 0.10% of World Acceptance worth $668,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC increased its position in World Acceptance by 19.0% during 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 during the period. HighTower Advisors LLC grew 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 period. Quantbot Technologies LP grew its holdings in shares of 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 acquiring an additional 694 shares during the period. ClearAlpha Technologies LP acquired a new stake in shares of World Acceptance in the 3rd quarter worth approximately $265,000. Finally, Intech Investment Management LLC acquired a new stake in shares of World Acceptance in the 3rd quarter worth approximately $275,000. Institutional investors and hedge funds own 83.63% of the company’s stock.

Insider Activity at World Acceptance

In other World Acceptance news, SVP Scott Mcintyre sold 2,000 shares of the stock in a transaction 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 owns 7,183 shares of the company’s stock, valued at $1,079,030.26. This represents a 21.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Luke J. Umstetter sold 488 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $150.19, for a total value of $73,292.72. Following the transaction, the insider now directly owns 14,760 shares in the company, valued at approximately $2,216,804.40. This represents a 3.20 % decrease in their position. 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. 43.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Stephens assumed coverage on World Acceptance in a report on Wednesday, November 13th. They issued an “equal weight” rating and a $10.00 price target on the stock. StockNews.com upgraded World Acceptance from a “buy” rating to a “strong-buy” rating in a report on Monday, January 13th.

World Acceptance Price Performance

WRLD stock opened at $139.94 on Monday. World Acceptance Co. has a 1 year low of $101.85 and a 1 year high of $161.63. 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 stock’s 50 day moving average price is $127.37 and its 200 day moving average price is $120.47. The firm has a market cap of $804.66 million, a P/E ratio of 9.77 and a beta of 1.46.

World Acceptance (NASDAQ:WRLD) last posted its earnings results on Tuesday, January 28th. The credit services provider reported $2.45 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts expect that World Acceptance Co. will post 14 earnings per share for the current fiscal year.

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.