World Acceptance Corporation $WRLD Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its stake in shares of World Acceptance Corporation (NASDAQ:WRLD) by 35.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,384 shares of the credit services provider’s stock after selling 10,267 shares during the period. JPMorgan Chase & Co. owned approximately 0.36% of World Acceptance worth $3,109,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. iSAM Funds UK Ltd acquired a new stake in World Acceptance during the 3rd quarter worth about $30,000. Russell Investments Group Ltd. lifted its holdings in shares of World Acceptance by 241.2% during the third quarter. Russell Investments Group Ltd. now owns 331 shares of the credit services provider’s stock worth $56,000 after purchasing an additional 234 shares during the period. Tower Research Capital LLC TRC boosted its position in World Acceptance by 103.2% in 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 last quarter. Aquatic Capital Management LLC acquired a new position in World Acceptance in the 3rd quarter worth approximately $138,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in World Acceptance during the 3rd quarter worth approximately $215,000. 83.63% of the stock is owned by institutional investors and hedge funds.

World Acceptance Price Performance

WRLD stock opened at $139.86 on Friday. World Acceptance Corporation has a one year low of $104.99 and a one year high of $185.48. The company has a debt-to-equity ratio of 1.64, a quick ratio of 25.01 and a current ratio of 25.01. The firm’s fifty day moving average is $131.76 and its 200 day moving average is $144.71. The firm has a market cap of $690.91 million, a PE ratio of 17.91 and a beta of 1.17.

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Zacks Research upgraded shares of World Acceptance from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of World Acceptance in a research report on Friday, March 27th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Insiders Place Their Bets

In other World Acceptance news, insider John L. Calmes, Jr. sold 1,000 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $141.88, for a total transaction of $141,880.00. Following the transaction, the insider owned 50,334 shares in the company, valued at approximately $7,141,387.92. This represents a 1.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 41.60% of the company’s stock.

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.