Vestcor Inc Sells 714 Shares of World Acceptance Co. (NASDAQ:WRLD)

Vestcor Inc trimmed its stake in World Acceptance Co. (NASDAQ:WRLD) by 40.8% during the 4th quarter, HoldingsChannel reports. The fund owned 1,036 shares of the credit services provider’s stock after selling 714 shares during the quarter. Vestcor Inc’s holdings in World Acceptance were worth $116,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Quest Partners LLC boosted its holdings in World Acceptance by 2.7% in the third quarter. Quest Partners LLC now owns 3,519 shares of the credit services provider’s stock worth $415,000 after acquiring an additional 93 shares in the last quarter. FMR LLC lifted its holdings in shares of World Acceptance by 19.0% during the third quarter. FMR LLC now owns 822 shares of the credit services provider’s stock valued at $97,000 after purchasing an additional 131 shares in the last quarter. HighTower Advisors LLC lifted 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 valued at $211,000 after purchasing an additional 163 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of World Acceptance by 1.1% during the fourth 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. Finally, Centiva Capital LP lifted its holdings in shares of World Acceptance by 16.5% during the third 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 in the last quarter. 83.63% of the stock is owned by institutional investors.

World Acceptance Trading Down 1.4 %

Shares of NASDAQ:WRLD opened at $121.75 on Wednesday. World Acceptance Co. has a 1 year low of $101.85 and a 1 year high of $161.63. The stock’s fifty day moving average price is $132.24 and its 200-day moving average price is $122.10. 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 market cap of $699.70 million, a P/E ratio of 8.50 and a beta of 1.48.

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling at World Acceptance

In other World Acceptance news, SVP Alice Lindsay Caulder sold 600 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was 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 owns 8,524 shares in the company, valued at $1,191,740.44. This represents a 6.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Scott Mcintyre sold 2,000 shares of the company’s stock in a transaction dated 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 owns 7,183 shares of the company’s stock, valued at approximately $1,079,030.26. The trade was a 21.78 % decrease in their position. The disclosure for this sale can be found here. Over 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 company insiders.

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.