Here Is What Hedge Funds Think of World Acceptance Corp. (WRLD)

Judging by the fact that World Acceptance Corp. (NASDAQ:WRLD) has witnessed declining sentiment from hedge fund managers, it’s easy to see that there exists a select few fund managers that slashed their full holdings last quarter. Interestingly, Wilmot B. Harkey and Daniel Mack’s Nantahala Capital Management said goodbye to the biggest position of all the hedgies watched by Insider Monkey, worth an estimated $7.5 million in stock. Nathaniel August’s fund, Mangrove Partners, also said goodbye to its stock, about $5.7 million worth. These transactions are interesting, as aggregate hedge fund interest dropped by 1 funds last quarter.

Let’s also examine hedge fund activity in other stocks similar to World Acceptance Corp. (NASDAQ:WRLD). We will take a look at Viate Pharmaceuticals Inc (NASDAQ:VTAE), Aquinox Pharmaceuticals Inc (NASDAQ:AQXP), Ares Dynamic Credit Allocation Fund Inc (NYSE:ARDC), and McEwen Mining Inc (NYSE:MUX). This group of stocks’ market caps match WRLD’s market cap.

As you can see these stocks had an average of 9.75 hedge funds with bullish positions and the average amount invested in these stocks was $61 million. That figure was $48 million in WRLD’s case. Viate Pharmaceuticals Inc (NASDAQ:VTAE) is the most popular stock in this table. On the other hand Ares Dynamic Credit Allocation Fund Inc (NYSE:ARDC) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks World Acceptance Corp. (NASDAQ:WRLD) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.