What’s a smart World Acceptance Corp. (NASDAQ:WRLD) investor to do?
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Thus, it’s important to study the latest info for World Acceptance Corp. (NASDAQ:WRLD).
How are hedge funds trading World Acceptance Corp. (NASDAQ:WRLD)?
At Q2’s end, a total of 13 of the hedge funds we track were long in this stock, a change of 86% from the first quarter. With the smart money’s sentiment swirling, there exists an “upper tier” of key hedge fund managers who were boosting their holdings meaningfully.
According to our 13F database, Arrowstreet Capital, managed by Peter Rathjens Bruce Clarke and John Campbell, holds the largest position in World Acceptance Corp. (NASDAQ:WRLD). Arrowstreet Capital has a $4.5 million position in the stock, comprising less than 0.1%% of its 13F portfolio. The second largest stake is held by Matthew Hulsizer of PEAK6 Capital Management, with a $4 million call position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Remaining hedge funds that hold long positions include Jim Simons’s Renaissance Technologies, Edward Goodnow’s Goodnow Investment Group and Cliff Asness’s AQR Capital Management.
With a general bullishness amongst the titans, specific money managers have jumped into World Acceptance Corp. (NASDAQ:WRLD) headfirst. Arrowstreet Capital, managed by Peter Rathjens, Bruce Clarke and John Campbell, assembled the most outsized position in World Acceptance Corp. (NASDAQ:WRLD). Arrowstreet Capital had 4.5 million invested in the company at the end of the quarter. Matthew Hulsizer’s PEAK6 Capital Management also made a $4 million investment in the stock during the quarter. The other funds with brand new WRLD positions are Jim Simons’s Renaissance Technologies, Edward Goodnow’s Goodnow Investment Group, and Cliff Asness’s AQR Capital Management.
How are insiders trading World Acceptance Corp. (NASDAQ:WRLD)?
Insider buying is at its handiest when the company in focus has seen transactions within the past 180 days. Over the latest half-year time frame, World Acceptance Corp. (NASDAQ:WRLD) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).
We’ll also review the relationship between both of these indicators in other stocks similar to World Acceptance Corp. (NASDAQ:WRLD). These stocks are First Cash Financial Services, Inc. (NASDAQ:FCFS), DFC Global Corp (NASDAQ:DLLR), Nelnet, Inc. (NYSE:NNI), Cash America International, Inc. (NYSE:CSH), and PHH Corporation (NYSE:PHH). This group of stocks are in the credit services industry and their market caps match WRLD’s market cap.
|Company Name||# of Hedge Funds||# of Insiders Buying||# of Insiders Selling|
|First Cash Financial Services, Inc. (NASDAQ:FCFS)||7||0||0|
|DFC Global Corp (NASDAQ:DLLR)||13||0||0|
|Nelnet, Inc. (NYSE:NNI)||16||0||0|
|Cash America International, Inc. (NYSE:CSH)||14||0||0|
|PHH Corporation (NYSE:PHH)||23||0||0|
Using the results demonstrated by Insider Monkey’s studies, average investors must always watch hedge fund and insider trading activity, and World Acceptance Corp. (NASDAQ:WRLD) applies perfectly to this mantra.