Invesco Ltd. Purchases 929 Shares of World Acceptance Corporation $WRLD

Invesco Ltd. raised its holdings in World Acceptance Corporation (NASDAQ:WRLD) by 4.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,685 shares of the credit services provider’s stock after buying an additional 929 shares during the period. Invesco Ltd. owned about 0.36% of World Acceptance worth $2,618,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Versant Capital Management Inc increased its holdings in shares of World Acceptance by 72.1% in the first 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 during the last quarter. GAMMA Investing LLC grew its stake in World Acceptance by 570.9% in the 1st 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 during the last quarter. Wells Fargo & Company MN grew its stake in World Acceptance by 48.8% in the 4th quarter. Wells Fargo & Company MN now owns 1,643 shares of the credit services provider’s stock valued at $185,000 after buying an additional 539 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in World Acceptance by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,966 shares of the credit services provider’s stock valued at $221,000 after acquiring an additional 76 shares during the period. Finally, Comerica Bank grew its position in shares of World Acceptance by 3.8% in the fourth quarter. Comerica Bank now owns 2,513 shares of the credit services provider’s stock valued at $283,000 after purchasing an additional 93 shares during the last quarter. Institutional investors own 83.63% of the company’s stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

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

World Acceptance Trading Down 1.2%

Shares of WRLD stock opened at $171.43 on Friday. World Acceptance Corporation has a fifty-two week low of $104.99 and a fifty-two week high of $177.25. The stock’s fifty day moving average price is $166.19 and its two-hundred day moving average price is $147.02. The company has a debt-to-equity ratio of 1.10, a quick ratio of 17.83 and a current ratio of 17.83. The company has a market cap of $934.29 million, a PE ratio of 11.57 and a beta of 1.33.

World Acceptance (NASDAQ:WRLD) last announced its quarterly earnings results on Thursday, July 24th. The credit services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($2.19). The company had revenue of $132.45 million for the quarter, compared to the consensus estimate of $122.38 million. World Acceptance had a net margin of 14.29% and a return on equity of 18.95%. Equities analysts predict that World Acceptance Corporation will post 14 EPS for the current fiscal 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.