Quantbot Technologies LP Invests $195,000 in World Acceptance Co. (NASDAQ:WRLD)

Quantbot Technologies LP purchased a new stake in shares of World Acceptance Co. (NASDAQ:WRLDFree Report) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 1,535 shares of the credit services provider’s stock, valued at approximately $195,000.

Several other institutional investors also recently bought and sold shares of WRLD. Point72 Hong Kong Ltd purchased a new position in World Acceptance during the second quarter valued at approximately $25,000. PNC Financial Services Group Inc. grew its holdings in World Acceptance by 59.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 423 shares of the credit services provider’s stock valued at $28,000 after purchasing an additional 158 shares during the period. FMR LLC grew its holdings in World Acceptance by 27.4% in the first quarter. FMR LLC now owns 600 shares of the credit services provider’s stock valued at $50,000 after purchasing an additional 129 shares during the period. National Bank of Canada FI acquired a new stake in World Acceptance in the third quarter valued at approximately $54,000. Finally, UBS Group AG grew its holdings in World Acceptance by 162.7% in the third quarter. UBS Group AG now owns 578 shares of the credit services provider’s stock valued at $56,000 after purchasing an additional 358 shares during the period. 84.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets dropped their price objective on World Acceptance from $58.00 to $56.00 and set an “underperform” rating on the stock in a report on Monday, October 23rd.

Read Our Latest Stock Report on WRLD

World Acceptance Stock Performance

Shares of NASDAQ:WRLD opened at $130.78 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 20.46 and a quick ratio of 17.36. The business’s 50 day moving average price is $131.55 and its 200-day moving average price is $127.28. The firm has a market capitalization of $795.14 million, a PE ratio of 11.33 and a beta of 1.47. World Acceptance Co. has a 1 year low of $75.19 and a 1 year high of $160.07.

World Acceptance (NASDAQ:WRLDGet Free Report) last issued its quarterly earnings results on Friday, January 19th. The credit services provider reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $1.22. The firm had revenue of $137.75 million for the quarter, compared to analyst estimates of $134.95 million. World Acceptance had a return on equity of 13.47% and a net margin of 11.82%. During the same period in the previous year, the company posted $0.78 earnings per share. As a group, equities research analysts expect that World Acceptance Co. will post 12.7 earnings per share for the current fiscal year.

Insider Transactions at World Acceptance

In other news, insider John L. Calmes, Jr. sold 6,500 shares of World Acceptance stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $113.68, for a total value of $738,920.00. Following the sale, the insider now directly owns 28,665 shares of the company’s stock, valued at $3,258,637.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other World Acceptance news, insider Luke J. Umstetter sold 400 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $131.41, for a total transaction of $52,564.00. Following the transaction, the insider now owns 15,188 shares of the company’s stock, valued at $1,995,855.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John L. Calmes, Jr. sold 6,500 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $113.68, for a total value of $738,920.00. Following the transaction, the insider now directly owns 28,665 shares in the company, valued at approximately $3,258,637.20. The disclosure for this sale can be found here. Corporate insiders own 40.90% of the company’s stock.

World Acceptance Company Profile

(Free Report)

World Acceptance Corporation engages in consumer finance business in the United States. The company offers short-term small installment loans, medium-term larger installment loans, related credit insurance, and ancillary products and services to individuals. It also provides income tax return preparation and filing services; and automobile club memberships.

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Institutional Ownership by Quarter for World Acceptance (NASDAQ:WRLD)

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