Public Employees Retirement System of Ohio Acquires Shares of 5,536 World Acceptance Corporation $WRLD

Public Employees Retirement System of Ohio bought a new stake in shares of World Acceptance Corporation (NASDAQ:WRLD) during the second quarter, HoldingsChannel reports. The firm bought 5,536 shares of the credit services provider’s stock, valued at approximately $1,239,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WRLD. Bank of America Corp DE lifted its position in World Acceptance by 97.5% during the 1st quarter. Bank of America Corp DE now owns 20,545 shares of the credit services provider’s stock valued at $2,774,000 after acquiring an additional 10,140 shares during the period. Bank of New York Mellon Corp purchased a new stake in World Acceptance in the second quarter worth about $4,577,000. Jennison Associates LLC purchased a new stake in World Acceptance in the first quarter worth about $680,000. JB Capital Partners LP bought a new position in shares of World Acceptance during the second quarter valued at approximately $239,274. Finally, GAMMA Investing LLC lifted its holdings in shares of World Acceptance by 15.4% during the second quarter. GAMMA Investing LLC now owns 548 shares of the credit services provider’s stock valued at $123,000 after purchasing an additional 73 shares during the last quarter. 83.63% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Prescott General Partners Llc sold 133,199 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $187.69, for a total value of $25,000,120.31. Following the transaction, the insider directly owned 31,148 shares of the company’s stock, valued at approximately $5,846,168.12. This represents a 81.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Benjamin E. Robinson III sold 2,031 shares of the stock in a transaction on Monday, June 29th. The shares were sold at an average price of $222.77, for a total value of $452,445.87. Following the sale, the director owned 4,836 shares in the company, valued at approximately $1,077,315.72. This represents a 29.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 142,505 shares of company stock worth $26,860,290 in the last three months. Corporate insiders own 38.00% of the company’s stock.

Analysts Set New Price Targets

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

World Acceptance Stock Up 0.8%

NASDAQ:WRLD opened at $192.00 on Wednesday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 13.49 and a current ratio of 13.49. The firm has a market cap of $894.72 million, a P/E ratio of 22.70 and a beta of 1.14. World Acceptance Corporation has a fifty-two week low of $110.00 and a fifty-two week high of $227.68. The firm has a 50-day simple moving average of $191.90 and a two-hundred day simple moving average of $166.68.

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

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.