Empirical Financial Services LLC d.b.a. Empirical Wealth Management Takes Position in World Acceptance Corporation $WRLD

Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of World Acceptance Corporation (NASDAQ:WRLD) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 5,605 shares of the credit services provider’s stock, valued at approximately $948,000.

Other hedge funds have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in World Acceptance by 4.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,044 shares of the credit services provider’s stock valued at $259,000 after acquiring an additional 78 shares during the period. Empowered Funds LLC lifted its position in World Acceptance by 4.1% during the first quarter. Empowered Funds LLC now owns 23,422 shares of the credit services provider’s stock valued at $2,964,000 after purchasing an additional 925 shares during the period. CWM LLC boosted its holdings in World Acceptance by 163.4% in the second quarter. CWM LLC now owns 848 shares of the credit services provider’s stock worth $140,000 after purchasing an additional 526 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in World Acceptance by 47.0% in the second quarter. Allianz Asset Management GmbH now owns 3,528 shares of the credit services provider’s stock worth $583,000 after purchasing an additional 1,128 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in World Acceptance in the 2nd quarter worth approximately $233,000. Hedge funds and other institutional investors own 83.63% of the company’s stock.

World Acceptance Trading Down 2.5%

Shares of World Acceptance stock opened at $130.63 on Monday. World Acceptance Corporation has a 1-year low of $104.99 and a 1-year high of $185.48. The company’s fifty day simple moving average is $136.63 and its 200-day simple moving average is $151.54. The company has a debt-to-equity ratio of 1.64, a current ratio of 25.01 and a quick ratio of 25.01. The stock has a market capitalization of $645.31 million, a PE ratio of 16.73 and a beta of 1.20.

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

Insider Transactions at World Acceptance

In related news, insider Daniel Clinton Dyer sold 8,857 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $149.00, for a total transaction of $1,319,693.00. Following the completion of the transaction, the insider directly owned 33,640 shares in the company, valued at approximately $5,012,360. The trade was a 20.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John L. Calmes, Jr. sold 1,000 shares of World Acceptance 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 transaction, the insider directly owned 54,395 shares in the company, valued at $8,116,277.95. This represents a 1.81% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 9,946 shares of company stock worth $1,482,253. Insiders own 41.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on WRLD shares. Weiss Ratings reissued 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.com, the company presently has a consensus rating of “Hold”.

About World Acceptance

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.