CX Institutional Invests $6.26 Million in World Acceptance Corporation $WRLD

CX Institutional bought a new position in World Acceptance Corporation (NASDAQ:WRLD) during the third quarter, Holdings Channel.com reports. The fund bought 36,999 shares of the credit services provider’s stock, valued at approximately $6,258,000.

A number of other large investors have also recently added to or reduced their stakes in WRLD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of World Acceptance by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,044 shares of the credit services provider’s stock worth $259,000 after acquiring an additional 78 shares during the last quarter. First Trust Advisors LP increased its stake in World Acceptance by 0.8% in the 2nd quarter. First Trust Advisors LP now owns 10,600 shares of the credit services provider’s stock worth $1,750,000 after purchasing an additional 82 shares in the last quarter. Prudential Financial Inc. raised its holdings in World Acceptance by 2.9% during the 2nd quarter. Prudential Financial Inc. now owns 3,480 shares of the credit services provider’s stock worth $575,000 after buying an additional 99 shares during the period. Hsbc Holdings PLC lifted its stake in World Acceptance by 2.4% during the second quarter. Hsbc Holdings PLC now owns 5,575 shares of the credit services provider’s stock valued at $927,000 after buying an additional 131 shares in the last quarter. Finally, Wedge Capital Management L L P NC lifted its stake in World Acceptance by 4.4% during the third quarter. Wedge Capital Management L L P NC now owns 4,390 shares of the credit services provider’s stock valued at $743,000 after buying an additional 187 shares in the last quarter. 83.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling at World Acceptance

In other World Acceptance news, insider John L. Calmes, Jr. sold 1,000 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $149.21, for a total transaction of $149,210.00. Following the completion of the transaction, the insider owned 54,395 shares of the company’s stock, valued at $8,116,277.95. The trade was a 1.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel Clinton Dyer sold 8,857 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $149.00, for a total transaction of $1,319,693.00. Following the sale, the insider owned 33,640 shares of the company’s stock, valued at $5,012,360. This trade represents a 20.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 9,946 shares of company stock valued at $1,482,253. 41.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on WRLD. Zacks Research raised World Acceptance from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of World Acceptance in a research note on Monday, December 29th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, World Acceptance presently has an average rating of “Hold”.

World Acceptance Stock Performance

Shares of NASDAQ WRLD opened at $148.84 on Thursday. The business’s 50-day simple moving average is $143.12 and its 200-day simple moving average is $159.21. The company has a debt-to-equity ratio of 1.60, a quick ratio of 24.16 and a current ratio of 24.16. World Acceptance Corporation has a 52 week low of $104.99 and a 52 week high of $185.48. The firm has a market cap of $750.15 million, a price-to-earnings ratio of 14.24 and a beta of 1.12.

World Acceptance (NASDAQ:WRLD) last announced its earnings results on Thursday, October 23rd. The credit services provider reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.87 by ($2.25). World Acceptance had a return on equity of 13.65% and a net margin of 10.00%.The company had revenue of $120.12 million for the quarter, compared to the consensus estimate of $127.85 million. As a group, equities research analysts expect that World Acceptance Corporation will post 14 earnings per share for the current fiscal year.

World Acceptance Company Profile

World Acceptance Corporation (NASDAQ: WRLD) is a consumer finance company headquartered in Greenville, South Carolina. Founded in 1972, the company provides credit solutions to underserved customers who may have limited access to traditional banking services. Over the decades, World Acceptance has built a reputation for tailored lending that emphasizes responsible underwriting and personalized customer service.

The company’s core product offerings include short-term installment loans designed to meet the immediate financial needs of its clients.