Allianz Asset Management GmbH Acquires 7,691 Shares of World Acceptance Corporation $WRLD

Allianz Asset Management GmbH grew its holdings in World Acceptance Corporation (NASDAQ:WRLD) by 218.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,219 shares of the credit services provider’s stock after acquiring an additional 7,691 shares during the period. Allianz Asset Management GmbH owned about 0.21% of World Acceptance worth $1,898,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Squarepoint Ops LLC bought a new position in shares of World Acceptance during the second quarter worth $941,000. CX Institutional bought a new stake in World Acceptance in the 3rd quarter valued at $6,258,000. Janney Montgomery Scott LLC purchased a new stake in World Acceptance in the 2nd quarter worth $522,000. Teacher Retirement System of Texas boosted its holdings in shares of World Acceptance by 231.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 10,248 shares of the credit services provider’s stock valued at $1,692,000 after purchasing an additional 7,153 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of World Acceptance by 20.9% during the second quarter. American Century Companies Inc. now owns 74,973 shares of the credit services provider’s stock valued at $12,380,000 after purchasing an additional 12,954 shares in the last quarter. Institutional investors own 83.63% of the company’s stock.

Insider Transactions at World Acceptance

In other World Acceptance news, insider Daniel Clinton Dyer sold 8,857 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $149.00, for a total value of $1,319,693.00. Following the completion of the sale, the insider directly owned 33,640 shares of the company’s stock, valued at $5,012,360. The trade was a 20.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John L. Calmes, Jr. sold 1,000 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $149.21, for a total transaction of $149,210.00. Following the completion of the transaction, 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 disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 9,946 shares of company stock worth $1,482,253. Company insiders own 41.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on WRLD shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of World Acceptance in a report on Monday, December 29th. Zacks Research upgraded World Acceptance from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, World Acceptance currently has a consensus rating of “Hold”.

World Acceptance Trading Up 0.3%

Shares of NASDAQ WRLD opened at $127.88 on Friday. World Acceptance Corporation has a fifty-two week low of $104.99 and a fifty-two week high of $185.48. The company has a debt-to-equity ratio of 1.64, a quick ratio of 24.16 and a current ratio of 25.01. The company has a market cap of $631.73 million, a price-to-earnings ratio of 16.37 and a beta of 1.20. The business’s 50 day moving average price is $138.01 and its 200-day moving average price is $152.72.

World Acceptance (NASDAQ:WRLD) last announced its quarterly earnings data 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 net margin of 7.46% and a return on equity of 10.80%. The business had revenue of $128.47 million during the quarter, compared to the consensus estimate of $133.49 million. On average, sell-side analysts expect that World Acceptance Corporation will post 14 earnings per share for the current year.

World Acceptance Company 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.