Squarepoint Ops LLC Purchases Shares of 5,700 World Acceptance Corporation $WRLD

Squarepoint Ops LLC acquired a new stake in World Acceptance Corporation (NASDAQ:WRLD) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,700 shares of the credit services provider’s stock, valued at approximately $941,000. Squarepoint Ops LLC owned 0.10% of World Acceptance at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. PDT Partners LLC grew its stake in World Acceptance by 1.6% in the 1st quarter. PDT Partners LLC now owns 4,894 shares of the credit services provider’s stock valued at $619,000 after buying an additional 78 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of World Acceptance by 4.0% in the first 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 during the last quarter. First Trust Advisors LP grew its position in shares of World Acceptance by 0.8% in the second quarter. First Trust Advisors LP now owns 10,600 shares of the credit services provider’s stock valued at $1,750,000 after purchasing an additional 82 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of World Acceptance by 2.9% during the second quarter. Prudential Financial Inc. now owns 3,480 shares of the credit services provider’s stock worth $575,000 after purchasing an additional 99 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in World Acceptance by 2.4% during the 2nd quarter. Hsbc Holdings PLC now owns 5,575 shares of the credit services provider’s stock worth $927,000 after purchasing an additional 131 shares during the last quarter. Institutional investors own 83.63% of the company’s stock.

Analysts Set New Price Targets

WRLD has been the subject of several recent research reports. Zacks Research lowered World Acceptance from a “hold” rating to a “strong sell” rating in a report on Monday, October 27th. Weiss Ratings restated a “hold (c)” rating on shares of World Acceptance in a research note on Monday, December 15th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, World Acceptance currently has a consensus rating of “Reduce”.

World Acceptance Price Performance

Shares of NASDAQ WRLD opened at $142.72 on Monday. The business has a fifty day moving average price of $147.51 and a two-hundred day moving average price of $160.24. The stock has a market capitalization of $719.31 million, a PE ratio of 13.66 and a beta of 1.08. The company has a debt-to-equity ratio of 1.60, a current ratio of 24.16 and a quick ratio of 24.16. World Acceptance Corporation has a fifty-two week low of $104.99 and a fifty-two week high of $185.48.

World Acceptance (NASDAQ:WRLD) last released its earnings results on Thursday, October 23rd. The credit services provider reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.87 by ($2.25). The company had revenue of $120.12 million for the quarter, compared to analyst estimates of $127.85 million. World Acceptance had a return on equity of 13.65% and a net margin of 10.00%. As a group, equities analysts predict that World Acceptance Corporation will post 14 earnings per share for the current fiscal year.

Insider Activity

In other news, insider John L. Calmes, Jr. sold 1,000 shares of World Acceptance stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $149.21, for a total value of $149,210.00. Following the transaction, the insider owned 54,395 shares in the company, valued at approximately $8,116,277.95. This trade represents a 1.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Daniel Clinton Dyer sold 8,857 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $149.00, for a total value of $1,319,693.00. Following the sale, the insider owned 33,640 shares of the company’s stock, valued at approximately $5,012,360. This represents a 20.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 9,946 shares of company stock worth $1,482,253. Insiders own 41.60% of the company’s stock.

About World Acceptance

World Acceptance Corporation (NASDAQ: WRLD) is a consumer finance company headquartered in Greenville, South Carolina. Founded in 1972, the company provides credit solutions to underserved customers who may have limited access to traditional banking services. Over the decades, World Acceptance has built a reputation for tailored lending that emphasizes responsible underwriting and personalized customer service.

The company’s core product offerings include short-term installment loans designed to meet the immediate financial needs of its clients.