6,593 Shares in World Acceptance Co. (NASDAQ:WRLD) Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd acquired a new stake in World Acceptance Co. (NASDAQ:WRLD) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 6,593 shares of the credit services provider’s stock, valued at approximately $815,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC lifted its stake in shares of World Acceptance by 122.4% during the second quarter. CWM LLC now owns 585 shares of the credit services provider’s stock valued at $72,000 after acquiring an additional 322 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of World Acceptance in the 1st quarter valued at about $242,000. BOKF NA acquired a new stake in shares of World Acceptance during the 1st quarter worth approximately $310,000. Jump Financial LLC acquired a new stake in shares of World Acceptance during the 4th quarter worth approximately $326,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of World Acceptance by 4.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,329 shares of the credit services provider’s stock worth $338,000 after buying an additional 107 shares during the last quarter. 83.63% of the stock is owned by institutional investors and hedge funds.

World Acceptance Trading Up 3.0 %

NASDAQ WRLD opened at $124.59 on Wednesday. World Acceptance Co. has a 12 month low of $94.57 and a 12 month high of $149.31. The stock has a 50-day simple moving average of $119.97 and a 200 day simple moving average of $127.38. The company has a current ratio of 17.02, a quick ratio of 17.02 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $728.23 million, a PE ratio of 9.40 and a beta of 1.39.

World Acceptance (NASDAQ:WRLD) last announced its quarterly earnings results on Friday, July 26th. The credit services provider reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.10. The company had revenue of $129.53 million during the quarter, compared to analysts’ expectations 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 EPS. Research analysts forecast that World Acceptance Co. will post 13.34 EPS for the current year.

Analysts Set New Price Targets

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

Insider Buying and Selling at World Acceptance

In other news, insider Luke J. Umstetter sold 500 shares of World Acceptance stock in a transaction on 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 of the company’s stock, valued at $1,719,665.64. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 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.