Goldman Sachs Group Inc. Has $4.54 Million Stock Holdings in World Acceptance Corporation $WRLD

Goldman Sachs Group Inc. decreased its holdings in shares of World Acceptance Corporation (NASDAQ:WRLD) by 34.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,906 shares of the credit services provider’s stock after selling 19,268 shares during the quarter. Goldman Sachs Group Inc. owned 0.68% of World Acceptance worth $4,544,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Versant Capital Management Inc increased its position in 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 during the period. GAMMA Investing LLC raised its stake in shares of World Acceptance by 570.9% in the first quarter. GAMMA Investing LLC now owns 369 shares of the credit services provider’s stock worth $47,000 after purchasing an additional 314 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in World Acceptance by 876.2% during the 1st quarter. Russell Investments Group Ltd. now owns 820 shares of the credit services provider’s stock worth $104,000 after acquiring an additional 736 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 buying an additional 76 shares during the last quarter. Finally, Magnetar Financial LLC bought a new stake in shares of World Acceptance during the 1st quarter worth $308,000. Institutional investors own 83.63% of the company’s stock.

Insider Activity

In other news, Director Ken R. Bramlett, Jr. sold 3,389 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $167.19, for a total transaction of $566,606.91. Following the completion of the sale, the director directly owned 32,205 shares in the company, valued at approximately $5,384,353.95. This represents a 9.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Charles D. Way sold 402 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $160.00, for a total value of $64,320.00. Following the transaction, the director owned 15,395 shares of the company’s stock, valued at approximately $2,463,200. This represents a 2.54% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 355,559 shares of company stock valued at $61,381,639. 41.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

World Acceptance Price Performance

WRLD stock opened at $167.83 on Thursday. The firm has a market cap of $914.67 million, a P/E ratio of 11.32 and a beta of 1.28. The firm’s fifty day moving average is $166.55 and its 200 day moving average is $149.50. World Acceptance Corporation has a 52 week low of $104.99 and a 52 week high of $177.25. 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 released its quarterly earnings data 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 return on equity of 18.95% and a net margin of 14.29%.The company had revenue of $132.45 million during the quarter, compared to analysts’ expectations of $122.38 million. Research analysts predict that World Acceptance Corporation will post 14 earnings per share 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.