Empirical Financial Services LLC d.b.a. Empirical Wealth Management Purchases New Shares in World Acceptance Corporation $WRLD

Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in World Acceptance Corporation (NASDAQ:WRLD) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,605 shares of the credit services provider’s stock, valued at approximately $948,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management owned approximately 0.10% of World Acceptance at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its position in shares of World Acceptance by 103.2% during the second quarter. Tower Research Capital LLC TRC now owns 569 shares of the credit services provider’s stock valued at $94,000 after buying an additional 289 shares during the period. CWM LLC grew its holdings in shares of World Acceptance by 163.4% during the 2nd quarter. CWM LLC now owns 848 shares of the credit services provider’s stock worth $140,000 after acquiring an additional 526 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in shares of World Acceptance in the 3rd quarter worth approximately $215,000. The Manufacturers Life Insurance Company purchased a new position in shares of World Acceptance in the 2nd quarter valued at approximately $215,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of World Acceptance in the 2nd quarter valued at approximately $226,000. Institutional investors own 83.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on WRLD. Zacks Research raised World Acceptance from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Weiss Ratings restated a “hold (c)” rating on shares of World Acceptance in a report on Monday, December 29th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Insider Transactions at World Acceptance

In other news, insider John L. Calmes, Jr. sold 1,000 shares of the stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $149.21, for a total transaction of $149,210.00. Following the sale, the insider owned 54,395 shares in the company, valued at $8,116,277.95. This represents a 1.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Daniel Clinton Dyer sold 8,857 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $149.00, for a total transaction of $1,319,693.00. Following the sale, the insider directly owned 33,640 shares of the company’s stock, valued at $5,012,360. This trade represents a 20.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 9,946 shares of company stock valued at $1,482,253. 41.60% of the stock is owned by company insiders.

World Acceptance Stock Down 2.5%

WRLD stock opened at $130.63 on Monday. The business has a 50 day moving average of $136.63 and a 200 day moving average of $151.54. The firm has a market cap of $645.31 million, a PE ratio of 16.73 and a beta of 1.20. World Acceptance Corporation has a twelve month low of $104.99 and a twelve month high of $185.48. The company has a quick ratio of 25.01, a current ratio of 25.01 and a debt-to-equity ratio of 1.64.

World Acceptance (NASDAQ:WRLD) last released its earnings results on Tuesday, January 27th. The credit services provider reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.58 by ($0.77). World Acceptance had a return on equity of 10.80% and a net margin of 7.46%.The company had revenue of $128.47 million during the quarter, compared to the consensus estimate of $133.49 million. On average, research analysts forecast that World Acceptance Corporation will post 14 EPS for the current fiscal year.

World Acceptance Profile

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.