WINTON GROUP Ltd Sells 15,395 Shares of World Acceptance Corporation $WRLD

WINTON GROUP Ltd lowered its holdings in shares of World Acceptance Corporation (NASDAQ:WRLD) by 68.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,018 shares of the credit services provider’s stock after selling 15,395 shares during the quarter. WINTON GROUP Ltd’s holdings in World Acceptance were worth $1,571,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WRLD. California State Teachers Retirement System lifted its holdings in World Acceptance by 21,711.9% in the 2nd quarter. California State Teachers Retirement System now owns 632,544 shares of the credit services provider’s stock worth $141,582,000 after purchasing an additional 629,644 shares in the last quarter. Geode Capital Management LLC grew its holdings in World Acceptance by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 87,588 shares of the credit services provider’s stock valued at $12,299,000 after buying an additional 2,469 shares in the last quarter. Smith Thomas W purchased a new stake in World Acceptance during the 4th quarter valued at approximately $10,894,000. Charles Schwab Investment Management Inc. grew its holdings in World Acceptance by 15.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 76,188 shares of the credit services provider’s stock valued at $10,696,000 after buying an additional 10,308 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of World Acceptance by 680.5% during the fourth quarter. Millennium Management LLC now owns 67,649 shares of the credit services provider’s stock valued at $9,497,000 after buying an additional 58,982 shares during the last quarter. Institutional investors own 83.63% of the company’s stock.

World Acceptance Price Performance

NASDAQ:WRLD opened at $190.75 on Friday. The business’s 50-day moving average is $190.60 and its 200 day moving average is $167.65. World Acceptance Corporation has a 12 month low of $110.00 and a 12 month high of $227.68. The company has a market capitalization of $888.89 million, a P/E ratio of 22.55 and a beta of 1.14. The company has a current ratio of 13.49, a quick ratio of 13.49 and a debt-to-equity ratio of 1.29.

World Acceptance (NASDAQ:WRLD) last released its quarterly earnings results on Friday, July 24th. The credit services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $0.58 by $1.54. World Acceptance had a return on equity of 12.13% and a net margin of 6.71%.The business had revenue of $127.79 million during the quarter, compared to analysts’ expectations of $143.90 million.

Analyst Ratings Changes

Several research firms have recently commented on WRLD. Weiss Ratings reissued a “hold (c)” rating on shares of World Acceptance in a report on Wednesday, June 24th. Wall Street Zen cut shares of World Acceptance from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 10th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Insider Activity

In related news, Director Benjamin E. Robinson III sold 2,031 shares of the company’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $222.77, for a total transaction of $452,445.87. Following the sale, the director owned 4,836 shares of the company’s stock, valued at $1,077,315.72. This represents a 29.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles D. Way sold 833 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $225.00, for a total transaction of $187,425.00. Following the sale, the director directly owned 12,729 shares in the company, valued at approximately $2,864,025. The trade was a 6.14% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 141,505 shares of company stock worth $26,678,630. 38.00% of the stock is owned by corporate insiders.

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.