Allianz Asset Management GmbH Acquires 1,128 Shares of World Acceptance Corporation $WRLD

Allianz Asset Management GmbH grew its holdings in World Acceptance Corporation (NASDAQ:WRLD) by 47.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,528 shares of the credit services provider’s stock after purchasing an additional 1,128 shares during the period. Allianz Asset Management GmbH owned approximately 0.06% of World Acceptance worth $583,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. CWM LLC raised its position in shares of World Acceptance by 163.4% in the second quarter. CWM LLC now owns 848 shares of the credit services provider’s stock valued at $140,000 after purchasing an additional 526 shares during the period. KLP Kapitalforvaltning AS grew its stake in World Acceptance by 60.0% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 800 shares of the credit services provider’s stock worth $132,000 after buying an additional 300 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in World Acceptance in the 2nd quarter worth approximately $522,000. Empowered Funds LLC grew its stake in World Acceptance by 4.1% in the 1st quarter. Empowered Funds LLC now owns 23,422 shares of the credit services provider’s stock worth $2,964,000 after buying an additional 925 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of World Acceptance by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,044 shares of the credit services provider’s stock valued at $259,000 after purchasing an additional 78 shares in the last quarter. Institutional investors own 83.63% of the company’s stock.

Insider Activity at World Acceptance

In related news, SVP Alice Lindsay Caulder sold 1,000 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $167.33, for a total transaction of $167,330.00. Following the sale, the senior vice president directly owned 16,515 shares of the company’s stock, valued at approximately $2,763,454.95. This represents a 5.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Prescott General Partners Llc sold 347,064 shares of the stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $172.88, for a total transaction of $60,000,424.32. Following the sale, the insider directly owned 41,804 shares in the company, valued at $7,227,075.52. This trade represents a 89.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 356,559 shares of company stock worth $61,548,969 in the last ninety days. 41.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Zacks Research raised shares of World Acceptance from a “strong sell” rating to a “hold” rating in a research note on Monday, September 22nd. Weiss Ratings raised shares of World Acceptance from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut shares of 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 Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $10.00.

World Acceptance Stock Up 0.8%

Shares of NASDAQ WRLD opened at $142.35 on Tuesday. The company has a current ratio of 24.16, a quick ratio of 17.83 and a debt-to-equity ratio of 1.60. World Acceptance Corporation has a 12 month low of $104.99 and a 12 month high of $185.48. The firm has a market capitalization of $775.81 million, a PE ratio of 13.62 and a beta of 1.35. The firm has a fifty day simple moving average of $171.14 and a two-hundred day simple moving average of $159.31.

World Acceptance (NASDAQ:WRLD) last issued its quarterly earnings data on Thursday, October 23rd. The credit services provider reported ($0.38) EPS for the quarter, missing the consensus estimate of $1.87 by ($2.25). World Acceptance had a return on equity of 13.74% and a net margin of 10.00%.The company had revenue of $134.47 million during the quarter, compared to the consensus estimate of $127.85 million. Equities analysts expect that World Acceptance Corporation will post 14 earnings per share for the current year.

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.