World Acceptance Corporation $WRLD Holdings Lowered by WINTON GROUP Ltd

WINTON GROUP Ltd trimmed its stake in shares of World Acceptance Corporation (NASDAQ:WRLD) by 59.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 8,305 shares of the credit services provider’s stock after selling 11,936 shares during the period. WINTON GROUP Ltd’s holdings in World Acceptance were worth $1,166,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WRLD. Bridgeway Capital Management LLC raised its position in shares of World Acceptance by 33.1% during the 2nd quarter. Bridgeway Capital Management LLC now owns 57,928 shares of the credit services provider’s stock worth $9,565,000 after buying an additional 14,406 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of World Acceptance by 51.1% in the 2nd quarter. AQR Capital Management LLC now owns 41,380 shares of the credit services provider’s stock worth $6,833,000 after purchasing an additional 13,999 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of World Acceptance by 95.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 24,400 shares of the credit services provider’s stock worth $4,127,000 after purchasing an additional 11,905 shares in the last quarter. Invesco Ltd. raised its holdings in shares of World Acceptance by 66.4% in the 3rd quarter. Invesco Ltd. now owns 29,602 shares of the credit services provider’s stock worth $5,007,000 after purchasing an additional 11,809 shares in the last quarter. Finally, Basswood Capital Management L.L.C. bought a new stake in shares of World Acceptance in the 2nd quarter worth approximately $1,887,000. 83.63% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Benjamin E. Robinson III sold 180 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $160.00, for a total transaction of $28,800.00. Following the sale, the director owned 4,926 shares in the company, valued at $788,160. The trade was a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 41.60% of the stock is owned by corporate insiders.

World Acceptance Stock Down 0.6%

WRLD stock opened at $169.50 on Wednesday. World Acceptance Corporation has a 52-week low of $110.00 and a 52-week high of $185.48. The company’s 50 day simple moving average is $151.97 and its 200-day simple moving average is $143.30. The company has a debt-to-equity ratio of 1.26, a current ratio of 22.99 and a quick ratio of 22.99. The firm has a market capitalization of $786.48 million, a P/E ratio of 22.97 and a beta of 1.19.

World Acceptance (NASDAQ:WRLD) last released its quarterly earnings results on Thursday, April 30th. The credit services provider reported $7.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.74 by ($0.04). World Acceptance had a net margin of 5.98% and a return on equity of 9.36%. The firm had revenue of $164.31 million for the quarter, compared to analyst estimates of $168.40 million.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of World Acceptance in a report on Friday, March 27th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, World Acceptance presently has a consensus rating of “Hold”.

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.