Point72 Asia Singapore Pte. Ltd. Takes $140,000 Position in World Acceptance Co. (NASDAQ:WRLD)

Point72 Asia Singapore Pte. Ltd. purchased a new position in World Acceptance Co. (NASDAQ:WRLD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,129 shares of the credit services provider’s stock, valued at approximately $140,000.

Other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in World Acceptance by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 286,578 shares of the credit services provider’s stock worth $37,408,000 after purchasing an additional 1,871 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of 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 purchasing an additional 220 shares during the period. Quadrature Capital Ltd raised its position in shares of World Acceptance by 277.9% in the fourth quarter. Quadrature Capital Ltd now owns 12,594 shares of the credit services provider’s stock worth $1,647,000 after buying an additional 9,261 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in World Acceptance by 11.0% during the first quarter. Los Angeles Capital Management LLC now owns 20,301 shares of the credit services provider’s stock valued at $2,943,000 after buying an additional 2,009 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new position in World Acceptance during the first quarter worth about $242,000. 83.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other World Acceptance news, insider Luke J. Umstetter sold 500 shares of the stock in a transaction that occurred 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 in the company, valued at $1,719,665.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 40.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

World Acceptance Price Performance

Shares of NASDAQ:WRLD opened at $114.29 on Friday. The company’s fifty day moving average price is $117.13 and its 200-day moving average price is $126.95. 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 market capitalization of $668.60 million, a price-to-earnings ratio of 8.62 and a beta of 1.39. World Acceptance Co. has a one year low of $94.57 and a one year high of $149.31.

World Acceptance (NASDAQ:WRLD) last released its quarterly earnings results on Friday, July 26th. The credit services provider reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.10. World Acceptance had a return on equity of 18.69% and a net margin of 13.80%. The business had revenue of $129.53 million for the quarter, compared to the consensus estimate of $141.00 million. During the same quarter last year, the business posted $1.62 earnings per share. On average, equities research analysts anticipate that World Acceptance Co. will post 13.34 earnings per share for the current fiscal year.

World Acceptance Profile

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.