New York State Teachers Retirement System Sells 100 Shares of World Acceptance Corporation $WRLD

New York State Teachers Retirement System reduced its stake in shares of World Acceptance Corporation (NASDAQ:WRLD) by 1.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,541 shares of the credit services provider’s stock after selling 100 shares during the period. New York State Teachers Retirement System’s holdings in World Acceptance were worth $915,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. GAMMA Investing LLC lifted its position in shares of World Acceptance by 570.9% during the 1st quarter. GAMMA Investing LLC now owns 369 shares of the credit services provider’s stock worth $47,000 after purchasing an additional 314 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of World Acceptance by 876.2% during the 1st quarter. Russell Investments Group Ltd. now owns 820 shares of the credit services provider’s stock worth $104,000 after purchasing an additional 736 shares during the last quarter. KLP Kapitalforvaltning AS lifted its position in shares of World Acceptance by 60.0% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 800 shares of the credit services provider’s stock worth $132,000 after purchasing an additional 300 shares during the last quarter. CWM LLC lifted its position in shares of World Acceptance by 163.4% during the 2nd 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. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of 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 worth $259,000 after purchasing an additional 78 shares during the last quarter. 83.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on WRLD shares. Zacks Research raised World Acceptance from a “strong sell” rating to a “hold” rating in a research report on Monday, September 22nd. Weiss Ratings upgraded World Acceptance from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered World Acceptance from a “strong-buy” rating to a “hold” rating in a research note on Saturday, July 26th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $10.00.

Insider Activity

In other news, SVP Alice Lindsay Caulder sold 1,000 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $167.33, for a total value of $167,330.00. Following the transaction, the senior vice president owned 16,515 shares of the company’s stock, valued at $2,763,454.95. This represents a 5.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ken R. Bramlett, Jr. sold 3,389 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $167.19, for a total value of $566,606.91. Following the completion of the transaction, the director directly owned 32,205 shares in the company, valued at approximately $5,384,353.95. This trade represents a 9.52% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 356,559 shares of company stock worth $61,548,969. 41.60% of the stock is owned by company insiders.

World Acceptance Trading Down 1.0%

WRLD stock opened at $177.75 on Thursday. The firm has a market cap of $968.74 million, a P/E ratio of 11.99 and a beta of 1.35. The company has a current ratio of 17.83, a quick ratio of 17.83 and a debt-to-equity ratio of 1.10. World Acceptance Corporation has a 1-year low of $104.99 and a 1-year high of $185.48. The business’s 50 day moving average is $172.51 and its 200-day moving average is $158.20.

World Acceptance (NASDAQ:WRLD) last issued its quarterly earnings data on Thursday, July 24th. The credit services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($2.19). World Acceptance had a net margin of 14.29% and a return on equity of 18.95%. The business had revenue of $132.45 million during the quarter, compared to the consensus estimate of $122.38 million. Equities analysts anticipate that World Acceptance Corporation will post 14 earnings per share for the current fiscal year.

About World Acceptance

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