Is World Acceptance Corp. (NASDAQ:WRLD) a good investment right now? We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, expert networks, and get tips from industry insiders. They fail miserably sometimes but historically their consensus stock picks outperformed the market after adjusting for known risk factors.
Is World Acceptance Corp. (NASDAQ:WRLD) worth your attention right now? Money managers are getting less optimistic. The number of long hedge fund bets were trimmed by 1 recently. At the end of this article we will also compare WRLD to other stocks including Viate Pharmaceuticals Inc (NASDAQ:VTAE), Aquinox Pharmaceuticals Inc (NASDAQ:AQXP), and Ares Dynamic Credit Allocation Fund Inc (NYSE:ARDC) to get a better sense of its popularity.
Keeping this in mind, let’s take a peek at the key action surrounding World Acceptance Corp. (NASDAQ:WRLD).
What does the smart money think about World Acceptance Corp. (NASDAQ:WRLD)?
At Q3’s end, a total of 17 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of -6% from the second quarter. With the smart money’s sentiment swirling, there exists an “upper tier” of noteworthy hedge fund managers who were upping their stakes meaningfully (or already accumulated large positions).
When looking at the institutional investors followed by Insider Monkey, Edward Goodnow’s Goodnow Investment Group has the number one position in World Acceptance Corp. (NASDAQ:WRLD), worth close to $16.8 million, amounting to 3.2% of its total 13F portfolio. On Goodnow Investment Group’s heels is Arrowstreet Capital, led by Peter Rathjens, Bruce Clarke and John Campbell, holding a $6.6 million position; less than 0.1% of its 13F portfolio is allocated to the stock. Other hedge funds and institutional investors that are bullish consist of Christopher R. Hansen’s Valiant Capital, Ari Zweiman’s 683 Capital Partners and Israel Englander’s Millennium Management.