5,536 Shares in World Acceptance Corporation $WRLD Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new stake in shares of World Acceptance Corporation (NASDAQ:WRLD) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,536 shares of the credit services provider’s stock, valued at approximately $1,239,000. Public Employees Retirement System of Ohio owned about 0.12% of World Acceptance as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in WRLD. iSAM Funds UK Ltd bought a new stake in World Acceptance in the 3rd quarter worth $30,000. EverSource Wealth Advisors LLC raised its stake in shares of World Acceptance by 102.4% during the first quarter. EverSource Wealth Advisors LLC now owns 255 shares of the credit services provider’s stock valued at $34,000 after acquiring an additional 129 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of World Acceptance by 241.2% during the third quarter. Russell Investments Group Ltd. now owns 331 shares of the credit services provider’s stock valued at $56,000 after acquiring an additional 234 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of World Acceptance by 103.2% during the second quarter. Tower Research Capital LLC TRC now owns 569 shares of the credit services provider’s stock worth $94,000 after purchasing an additional 289 shares during the period. Finally, GAMMA Investing LLC boosted 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 worth $123,000 after purchasing an additional 73 shares during the period. Hedge funds and other institutional investors own 83.63% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WRLD. Wall Street Zen downgraded World Acceptance from a “strong-buy” rating to a “buy” rating in a report on Monday, August 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of World Acceptance in a report on Wednesday, June 24th. 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%

Shares of World Acceptance stock opened at $192.00 on Wednesday. The company has a current ratio of 13.49, a quick ratio of 13.49 and a debt-to-equity ratio of 1.29. The company’s fifty day simple moving average is $191.90 and its two-hundred day simple moving average is $166.68. The company 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 12-month low of $110.00 and a 12-month high of $227.68.

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

Insider Activity at World Acceptance

In related news, insider Prescott General Partners Llc sold 133,199 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $187.69, for a total value of $25,000,120.31. Following the completion of the transaction, the insider directly owned 31,148 shares of the company’s stock, valued at $5,846,168.12. This represents a 81.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Benjamin E. Robinson III sold 2,031 shares of the firm’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $222.77, for a total transaction of $452,445.87. Following the completion of the sale, the director owned 4,836 shares of the company’s stock, valued at $1,077,315.72. This trade represents a 29.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 142,505 shares of company stock valued at $26,860,290 over the last three months. Corporate insiders own 38.00% of the company’s stock.

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.