Inspire Investing LLC Sells 824 Shares of World Acceptance Corporation $WRLD

Inspire Investing LLC lessened its holdings in shares of World Acceptance Corporation (NASDAQ:WRLD) by 23.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,704 shares of the credit services provider’s stock after selling 824 shares during the period. Inspire Investing LLC owned approximately 0.05% of World Acceptance worth $342,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC raised its position 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. Magnetar Financial LLC acquired a new stake in World Acceptance in the 1st quarter valued at approximately $308,000. Principal Financial Group Inc. raised its position in World Acceptance by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 16,162 shares of the credit services provider’s stock valued at $2,045,000 after buying an additional 386 shares during the last quarter. American Century Companies Inc. raised its position in World Acceptance by 17.0% in the 1st quarter. American Century Companies Inc. now owns 62,019 shares of the credit services provider’s stock valued at $7,849,000 after buying an additional 9,005 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in World Acceptance by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 349,238 shares of the credit services provider’s stock valued at $44,196,000 after buying an additional 7,429 shares during the last quarter. Institutional investors and hedge funds own 83.63% of the company’s stock.

World Acceptance Stock Down 0.3%

NASDAQ:WRLD opened at $167.83 on Thursday. The firm has a market capitalization of $914.67 million, a price-to-earnings ratio of 11.32 and a beta of 1.28. World Acceptance Corporation has a twelve month low of $104.99 and a twelve month high of $177.25. The stock’s 50 day moving average price is $166.55 and its two-hundred day moving average price is $149.50. The company has a quick ratio of 17.83, a current ratio of 17.83 and a debt-to-equity ratio of 1.10.

World Acceptance (NASDAQ:WRLD) last posted its quarterly earnings results on Thursday, July 24th. The credit services provider reported $0.25 earnings per share 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 analyst estimates of $122.38 million. World Acceptance had a return on equity of 18.95% and a net margin of 14.29%. Equities research analysts expect that World Acceptance Corporation will post 14 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Prescott General Partners Llc sold 347,064 shares of World Acceptance stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $172.88, for a total transaction of $60,000,424.32. Following the completion of the transaction, the insider directly owned 41,804 shares in the company, valued at approximately $7,227,075.52. The trade was a 89.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ken R. Bramlett, Jr. sold 3,389 shares of World Acceptance stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $167.19, for a total value of $566,606.91. Following the transaction, the director owned 32,205 shares of the company’s stock, valued at $5,384,353.95. This represents a 9.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 355,559 shares of company stock worth $61,381,639 over the last 90 days. Company insiders own 41.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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

About World Acceptance

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.