36,999 Shares in World Acceptance Corporation $WRLD Bought by CX Institutional

CX Institutional acquired a new stake in shares of World Acceptance Corporation (NASDAQ:WRLD) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 36,999 shares of the credit services provider’s stock, valued at approximately $6,258,000. CX Institutional owned about 0.68% of World Acceptance as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Bridgeway Capital Management LLC boosted its stake in shares of World Acceptance by 33.1% during the 2nd quarter. Bridgeway Capital Management LLC now owns 57,928 shares of the credit services provider’s stock worth $9,565,000 after purchasing an additional 14,406 shares during the last quarter. AQR Capital Management LLC boosted its position in World Acceptance by 51.1% during the second quarter. AQR Capital Management LLC now owns 41,380 shares of the credit services provider’s stock worth $6,833,000 after acquiring an additional 13,999 shares during the last quarter. American Century Companies Inc. boosted its position in 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 worth $12,380,000 after acquiring an additional 12,954 shares during the last quarter. Basswood Capital Management L.L.C. purchased a new stake in World Acceptance in the 2nd quarter worth approximately $1,887,000. Finally, HRT Financial LP acquired a new position in World Acceptance in the 2nd quarter valued at $1,808,000. Institutional investors and hedge funds own 83.63% of the company’s stock.

Insider Buying and Selling at World Acceptance

In related news, insider John L. Calmes, Jr. sold 1,000 shares of World Acceptance stock in a transaction 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 transaction, the insider owned 54,395 shares in the company, valued at approximately $8,116,277.95. The trade was a 1.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Daniel Clinton Dyer sold 8,857 shares of the 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 completion of 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. Insiders sold 9,946 shares of company stock valued at $1,482,253 in the last three months. Company insiders own 41.60% of the company’s stock.

Wall Street Analysts Forecast Growth

WRLD has been the topic of several analyst reports. Weiss Ratings restated 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 research report on Monday, December 22nd. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

World Acceptance Price Performance

WRLD stock opened at $148.84 on Thursday. The company has a market cap of $750.15 million, a PE ratio of 14.24 and a beta of 1.12. The company has a current ratio of 24.16, a quick ratio of 24.16 and a debt-to-equity ratio of 1.60. The stock has a 50-day moving average price of $143.12 and a two-hundred day moving average price of $159.21. World Acceptance Corporation has a 12-month low of $104.99 and a 12-month high of $185.48.

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