Integrated Quantitative Investments LLC Sells 5,149 Shares of World Acceptance Corporation $WRLD

Integrated Quantitative Investments LLC trimmed its stake in shares of World Acceptance Corporation (NASDAQ:WRLD) by 71.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,078 shares of the credit services provider’s stock after selling 5,149 shares during the period. Integrated Quantitative Investments LLC’s holdings in World Acceptance were worth $351,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Tower Research Capital LLC TRC boosted its holdings in shares of World Acceptance by 103.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 569 shares of the credit services provider’s stock valued at $94,000 after purchasing an additional 289 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in World Acceptance during the third quarter valued at approximately $215,000. The Manufacturers Life Insurance Company purchased a new position in World Acceptance during the 2nd quarter valued at approximately $215,000. Y Intercept Hong Kong Ltd bought a new stake in World Acceptance in the 2nd quarter worth approximately $226,000. Finally, Lazard Asset Management LLC increased its stake in World Acceptance by 22.1% in the 2nd quarter. Lazard Asset Management LLC now owns 1,461 shares of the credit services provider’s stock worth $240,000 after acquiring an additional 264 shares during the last quarter. Hedge funds and other institutional investors own 83.63% of the company’s stock.

Insider Activity at World Acceptance

In related news, insider John L. Calmes, Jr. sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $149.21, for a total transaction of $149,210.00. Following the completion of the sale, the insider directly owned 54,395 shares of the company’s stock, valued at approximately $8,116,277.95. This trade represents a 1.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel Clinton Dyer sold 8,857 shares of the business’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $149.00, for a total value of $1,319,693.00. Following the transaction, the insider owned 33,640 shares of the company’s stock, valued at approximately $5,012,360. The trade was a 20.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 9,946 shares of company stock valued at $1,482,253 in the last 90 days. Company insiders own 41.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WRLD. Weiss Ratings reiterated a “hold (c)” rating on shares of World Acceptance in a research report on Monday, December 29th. Zacks Research raised shares of World Acceptance from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

World Acceptance Stock Down 0.0%

NASDAQ WRLD opened at $145.71 on Friday. The company has a quick ratio of 25.01, a current ratio of 25.01 and a debt-to-equity ratio of 1.64. World Acceptance Corporation has a 52 week low of $104.99 and a 52 week high of $185.48. The firm has a market capitalization of $719.37 million, a price-to-earnings ratio of 18.66 and a beta of 1.20. The company has a fifty day moving average of $134.96 and a two-hundred day moving average of $149.91.

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

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.