Royce & Associates LP Decreases Holdings in World Acceptance Corporation $WRLD

Royce & Associates LP trimmed its holdings in shares of World Acceptance Corporation (NASDAQ:WRLD) by 21.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,188 shares of the credit services provider’s stock after selling 3,345 shares during the period. Royce & Associates LP owned about 0.24% of World Acceptance worth $1,711,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in World Acceptance by 4.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,044 shares of the credit services provider’s stock valued at $259,000 after buying an additional 78 shares during the period. Empowered Funds LLC boosted its stake in World Acceptance by 4.1% in the first quarter. Empowered Funds LLC now owns 23,422 shares of the credit services provider’s stock valued at $2,964,000 after acquiring an additional 925 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in World Acceptance by 16.7% in the second quarter. JPMorgan Chase & Co. now owns 28,651 shares of the credit services provider’s stock valued at $4,731,000 after acquiring an additional 4,092 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of World Acceptance by 23.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 26,865 shares of the credit services provider’s stock valued at $4,436,000 after acquiring an additional 5,025 shares during the period. Finally, First Trust Advisors LP grew its position in shares of World Acceptance by 0.8% during the 2nd quarter. First Trust Advisors LP now owns 10,600 shares of the credit services provider’s stock valued at $1,750,000 after acquiring an additional 82 shares during the period. 83.63% of the stock is owned by hedge funds and other institutional investors.

World Acceptance Stock Up 2.2%

WRLD stock opened at $165.09 on Friday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 25.01 and a current ratio of 25.01. The company has a market capitalization of $815.54 million, a price-to-earnings ratio of 22.37 and a beta of 1.16. World Acceptance Corporation has a fifty-two week low of $110.00 and a fifty-two week high of $185.48. The stock has a fifty day moving average of $146.97 and a 200-day moving average of $141.65.

World Acceptance (NASDAQ:WRLD) last announced its quarterly earnings data on Thursday, April 30th. The credit services provider reported $7.70 earnings per share for the quarter, missing the consensus estimate of $7.74 by ($0.04). The firm had revenue of $164.89 million during the quarter, compared to analysts’ expectations of $168.40 million. World Acceptance had a return on equity of 9.17% and a net margin of 5.98%.

Insider Activity

In other news, Director Benjamin E. Robinson III sold 180 shares of World Acceptance stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $160.00, for a total value of $28,800.00. Following the completion of the transaction, the director owned 4,926 shares in the company, valued at $788,160. This trade represents a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John L. Calmes, Jr. sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $141.88, for a total transaction of $141,880.00. Following the completion of the sale, the insider directly owned 50,334 shares in the company, valued at approximately $7,141,387.92. This trade represents a 1.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,270 shares of company stock valued at $185,080 in the last quarter. Corporate insiders own 41.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of World Acceptance in a report on Friday, March 27th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

World Acceptance 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.