Vanguard Group Inc. Has $44.20 Million Position in World Acceptance Corporation $WRLD

Vanguard Group Inc. raised its holdings in World Acceptance Corporation (NASDAQ:WRLD) by 2.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 349,238 shares of the credit services provider’s stock after acquiring an additional 7,429 shares during the quarter. Vanguard Group Inc. owned about 6.08% of World Acceptance worth $44,196,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of WRLD. Versant Capital Management Inc raised its holdings in shares of World Acceptance by 72.1% during the 1st quarter. Versant Capital Management Inc now owns 265 shares of the credit services provider’s stock valued at $34,000 after purchasing an additional 111 shares in the last quarter. GAMMA Investing LLC raised its holdings in World Acceptance by 570.9% during the first quarter. GAMMA Investing LLC now owns 369 shares of the credit services provider’s stock valued at $47,000 after buying an additional 314 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of World Acceptance by 48.8% in the fourth quarter. Wells Fargo & Company MN now owns 1,643 shares of the credit services provider’s stock worth $185,000 after buying an additional 539 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of World Acceptance by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,966 shares of the credit services provider’s stock worth $221,000 after acquiring an additional 76 shares in the last quarter. Finally, Comerica Bank increased its holdings in shares of World Acceptance by 3.8% during the 4th quarter. Comerica Bank now owns 2,513 shares of the credit services provider’s stock valued at $283,000 after acquiring an additional 93 shares during the last quarter. Institutional investors and hedge funds own 83.63% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen lowered World Acceptance from a “strong-buy” rating to a “hold” rating in a report on Saturday, July 26th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $10.00.

Insider Activity at World Acceptance

In related news, Director Charles D. Way sold 402 shares of the firm’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $160.00, for a total value of $64,320.00. Following the completion of the transaction, the director directly owned 15,395 shares of the company’s stock, valued at $2,463,200. This trade represents a 2.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Darrell E. Whitaker sold 2,500 shares of World Acceptance stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $155.73, for a total transaction of $389,325.00. Following the sale, the director owned 5,074 shares in the company, valued at $790,174.02. This represents a 33.01% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,656 shares of company stock worth $1,211,983. 41.60% of the stock is owned by corporate insiders.

World Acceptance Stock Down 1.0%

NASDAQ WRLD opened at $170.46 on Tuesday. World Acceptance Corporation has a twelve month low of $104.99 and a twelve month high of $177.25. The stock has a market cap of $929.01 million, a PE ratio of 11.50 and a beta of 1.33. The firm has a 50-day simple moving average of $164.99 and a 200 day simple moving average of $146.28. The company has a debt-to-equity ratio of 1.10, a quick ratio of 17.83 and a current ratio of 17.83.

World Acceptance (NASDAQ:WRLD) last posted its quarterly earnings results on Thursday, July 24th. The credit services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $2.44 by ($2.19). World Acceptance had a net margin of 14.29% and a return on equity of 18.95%. The firm had revenue of $132.45 million during the quarter, compared to analyst estimates of $122.38 million. On average, research analysts forecast that World Acceptance Corporation will post 14 EPS for the current year.

World Acceptance Company Profile

World Acceptance Corporation engages in consumer finance business in the United States. The company provides short-term small installment loans, medium-term larger installment loans, related credit insurance, and ancillary products and services to individuals. It offers income tax return preparation and filing services; and automobile club memberships.