Y Intercept Hong Kong Ltd Buys Shares of 1,369 World Acceptance Corporation $WRLD

Y Intercept Hong Kong Ltd bought a new position in shares of World Acceptance Corporation (NASDAQ:WRLD) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 1,369 shares of the credit services provider’s stock, valued at approximately $226,000.

A number of other hedge funds have also modified their holdings of the company. Russell Investments Group Ltd. grew its holdings in World Acceptance by 876.2% during the first quarter. Russell Investments Group Ltd. now owns 820 shares of the credit services provider’s stock valued at $104,000 after purchasing an additional 736 shares during the period. KLP Kapitalforvaltning AS grew its holdings in shares of World Acceptance by 60.0% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 800 shares of the credit services provider’s stock valued at $132,000 after buying an additional 300 shares during the period. CWM LLC grew its holdings in shares of World Acceptance by 163.4% in the 2nd quarter. CWM LLC now owns 848 shares of the credit services provider’s stock valued at $140,000 after buying an additional 526 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of World Acceptance in the 2nd quarter valued at $233,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 worth $259,000 after buying an additional 78 shares during the period. 83.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on WRLD. Wall Street Zen cut World Acceptance from a “strong-buy” rating to a “hold” rating in a research note on Saturday, July 26th. Weiss Ratings cut shares of World Acceptance from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Finally, Zacks Research cut World Acceptance from a “hold” rating to a “strong sell” rating in a report on Monday, October 27th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, World Acceptance presently has an average rating of “Reduce” and an average target price of $10.00.

Insiders Place Their Bets

In related news, SVP Alice Lindsay Caulder sold 1,000 shares of the business’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $167.33, for a total transaction of $167,330.00. Following the transaction, the senior vice president directly owned 16,515 shares in the company, valued at approximately $2,763,454.95. The trade was a 5.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Prescott General Partners Llc sold 347,064 shares of the company’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $172.88, for a total transaction of $60,000,424.32. Following the sale, the insider directly owned 41,804 shares in the company, valued at $7,227,075.52. This trade represents a 89.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 351,453 shares of company stock valued at $60,734,361 in the last 90 days. 41.60% of the stock is currently owned by insiders.

World Acceptance Stock Up 1.5%

Shares of WRLD stock opened at $132.08 on Friday. The firm’s fifty day moving average price is $164.34 and its two-hundred day moving average price is $159.83. World Acceptance Corporation has a 1 year low of $104.99 and a 1 year high of $185.48. The company has a current ratio of 24.16, a quick ratio of 17.83 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $719.31 million, a P/E ratio of 12.64 and a beta of 1.27.

World Acceptance (NASDAQ:WRLD) last released 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 net margin of 10.00% and a return on equity of 13.74%. The company had revenue of $120.12 million during the quarter, compared to analyst estimates of $127.85 million. On average, equities analysts predict that World Acceptance Corporation will post 14 EPS 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.