Amalgamated Bank Sells 122 Shares of World Acceptance Co. (NASDAQ:WRLD)

Amalgamated Bank lowered its holdings in World Acceptance Co. (NASDAQ:WRLD) by 10.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 998 shares of the credit services provider’s stock after selling 122 shares during the quarter. Amalgamated Bank’s holdings in World Acceptance were worth $123,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Renaissance Technologies LLC grew its holdings in World Acceptance by 7.9% during the 2nd quarter. Renaissance Technologies LLC now owns 34,025 shares of the credit services provider’s stock worth $4,205,000 after acquiring an additional 2,500 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of World Acceptance in the second quarter valued at approximately $815,000. BOKF NA lifted its holdings in World Acceptance by 37.9% during the 2nd quarter. BOKF NA now owns 3,076 shares of the credit services provider’s stock worth $380,000 after buying an additional 845 shares in the last quarter. American Century Companies Inc. boosted its position in World Acceptance by 107.2% in the 2nd quarter. American Century Companies Inc. now owns 39,580 shares of the credit services provider’s stock valued at $4,891,000 after buying an additional 20,475 shares during the last quarter. Finally, Texas Permanent School Fund Corp increased its stake in shares of World Acceptance by 28.8% in the 2nd quarter. Texas Permanent School Fund Corp now owns 3,785 shares of the credit services provider’s stock valued at $468,000 after buying an additional 846 shares during the period. Institutional investors own 83.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered World Acceptance from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 19th.

World Acceptance Trading Down 4.1 %

WRLD opened at $113.16 on Wednesday. World Acceptance Co. has a fifty-two week low of $94.57 and a fifty-two week high of $149.31. The company has a market cap of $661.99 million, a price-to-earnings ratio of 8.53 and a beta of 1.39. The company has a debt-to-equity ratio of 1.17, a current ratio of 17.02 and a quick ratio of 17.02. The firm has a 50 day simple moving average of $116.03 and a 200 day simple moving average of $126.72.

World Acceptance (NASDAQ:WRLD) last posted its earnings results on Friday, July 26th. The credit services provider reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.10. The company had revenue of $129.53 million during the quarter, compared to analyst estimates of $141.00 million. World Acceptance had a return on equity of 18.69% and a net margin of 13.80%. During the same period in the previous year, the company earned $1.62 EPS. On average, sell-side analysts anticipate that World Acceptance Co. will post 13.34 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Luke J. Umstetter sold 500 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $120.78, for a total value of $60,390.00. Following the completion of the transaction, the insider now directly owns 14,238 shares in the company, valued at approximately $1,719,665.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 40.90% of the company’s stock.

About World Acceptance

World Acceptance Corporation engages in consumer finance business in the United States. The company provides short-term small installment loans, medium-term larger installment loans, related credit insurance, and ancillary products and services to individuals. It offers income tax return preparation and filing services; and automobile club memberships.