Integrated Quantitative Investments LLC Decreases Holdings in World Acceptance Corporation $WRLD

Integrated Quantitative Investments LLC reduced its position in World Acceptance Corporation (NASDAQ:WRLD) by 71.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in World Acceptance by 4.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,044 shares of the credit services provider’s stock valued at $259,000 after acquiring an additional 78 shares during the period. First Trust Advisors LP lifted its stake in shares of World Acceptance by 0.8% in the 2nd quarter. First Trust Advisors LP now owns 10,600 shares of the credit services provider’s stock worth $1,750,000 after purchasing an additional 82 shares during the period. Prudential Financial Inc. lifted its stake in shares of World Acceptance by 2.9% in the 2nd quarter. Prudential Financial Inc. now owns 3,480 shares of the credit services provider’s stock worth $575,000 after purchasing an additional 99 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of World Acceptance by 2.4% in the second quarter. Hsbc Holdings PLC now owns 5,575 shares of the credit services provider’s stock worth $927,000 after buying an additional 131 shares during the last quarter. Finally, Wedge Capital Management L L P NC grew its position in World Acceptance by 4.4% during the third quarter. Wedge Capital Management L L P NC now owns 4,390 shares of the credit services provider’s stock valued at $743,000 after buying an additional 187 shares during the period. Hedge funds and other institutional investors own 83.63% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Zacks Research upgraded shares of World Acceptance from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of World Acceptance in a report on Monday, December 29th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

World Acceptance Price Performance

Shares of NASDAQ:WRLD opened at $145.71 on Friday. The company has a market capitalization of $719.37 million, a P/E ratio of 18.66 and a beta of 1.20. World Acceptance Corporation has a 1-year low of $104.99 and a 1-year high of $185.48. The firm’s 50 day simple moving average is $134.96 and its two-hundred day simple moving average is $149.91. The company has a debt-to-equity ratio of 1.64, a current ratio of 25.01 and a quick ratio of 25.01.

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

Insider Transactions at World Acceptance

In other news, insider Daniel Clinton Dyer sold 8,857 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $149.00, for a total value of $1,319,693.00. Following the transaction, the insider directly owned 33,640 shares in the company, valued at $5,012,360. The trade was a 20.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John L. Calmes, Jr. sold 1,000 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $149.21, for a total value of $149,210.00. Following the completion of the transaction, 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 disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 9,946 shares of company stock worth $1,482,253. Insiders own 41.60% of the company’s stock.

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.