Cwm LLC Has $72,000 Holdings in World Acceptance Co. (NASDAQ:WRLD)

Cwm LLC lifted its stake in shares of World Acceptance Co. (NASDAQ:WRLD) by 122.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 585 shares of the credit services provider’s stock after buying an additional 322 shares during the period. Cwm LLC’s holdings in World Acceptance were worth $72,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. O Shaughnessy Asset Management LLC increased its stake in World Acceptance by 2.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 3,770 shares of the credit services provider’s stock valued at $547,000 after purchasing an additional 93 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in World Acceptance by 4.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,329 shares of the credit services provider’s stock valued at $338,000 after buying an additional 107 shares in the last quarter. New York State Teachers Retirement System raised its stake in World Acceptance by 1.9% during the 1st quarter. New York State Teachers Retirement System now owns 7,361 shares of the credit services provider’s stock worth $1,067,000 after buying an additional 138 shares during the period. Principal Financial Group Inc. boosted its holdings in World Acceptance by 1.0% in the fourth quarter. Principal Financial Group Inc. now owns 21,340 shares of the credit services provider’s stock worth $2,786,000 after acquiring an additional 220 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in World Acceptance by 7.3% in the first quarter. SG Americas Securities LLC now owns 4,279 shares of the credit services provider’s stock valued at $620,000 after acquiring an additional 291 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 report on Friday, July 19th.

World Acceptance Trading Up 1.2 %

NASDAQ:WRLD opened at $113.52 on Tuesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 17.02 and a quick ratio of 17.02. World Acceptance Co. has a one year low of $94.57 and a one year high of $149.31. The company has a market cap of $663.52 million, a PE ratio of 8.56 and a beta of 1.38. The firm has a 50-day moving average of $122.95 and a 200-day moving average of $129.15.

World Acceptance (NASDAQ:WRLD) last issued its quarterly earnings data on Friday, July 26th. The credit services provider reported $1.79 EPS for the quarter, topping the consensus estimate of $1.69 by $0.10. The firm had revenue of $129.53 million during the quarter, compared to the consensus estimate 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 prior year, the business posted $1.62 earnings per share. As a group, equities research analysts expect that World Acceptance Co. will post 13.34 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Luke J. Umstetter sold 500 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $120.78, for a total transaction of $60,390.00. Following the transaction, the insider now directly owns 14,238 shares in the company, valued at $1,719,665.64. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 40.90% of the company’s stock.

World Acceptance Company Profile

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