Millennium Management LLC Increases Position in World Acceptance Co. (NASDAQ:WRLD)

Millennium Management LLC lifted its holdings in World Acceptance Co. (NASDAQ:WRLD) by 125.2% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,184 shares of the credit services provider’s stock after buying an additional 12,333 shares during the period. Millennium Management LLC’s holdings in World Acceptance were worth $2,741,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Point72 DIFC Ltd bought a new stake in shares of World Acceptance in the 2nd quarter worth approximately $47,000. CWM LLC raised its holdings in shares of World Acceptance by 122.4% in the 2nd quarter. CWM LLC now owns 585 shares of the credit services provider’s stock worth $72,000 after purchasing an additional 322 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of World Acceptance in the 2nd quarter worth approximately $140,000. Hancock Whitney Corp raised its holdings in shares of World Acceptance by 12.7% in the 2nd quarter. Hancock Whitney Corp now owns 1,815 shares of the credit services provider’s stock worth $224,000 after purchasing an additional 205 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of World Acceptance in the 1st quarter worth approximately $242,000. Institutional investors own 83.63% of the company’s stock.

Analyst Upgrades and Downgrades

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

World Acceptance Trading Down 0.8 %

Shares of WRLD stock opened at $115.23 on Tuesday. The company’s fifty day simple moving average is $114.38 and its two-hundred day simple moving average is $125.17. 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 1 year low of $94.57 and a 1 year high of $149.31. The stock has a market capitalization of $673.52 million, a price-to-earnings ratio of 8.69 and a beta of 1.39.

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, topping the consensus estimate of $1.69 by $0.10. The firm had revenue of $129.53 million for the quarter, compared to analysts’ expectations of $141.00 million. World Acceptance had a net margin of 13.80% and a return on equity of 18.69%. During the same quarter in the prior year, the firm posted $1.62 earnings per share. As a group, analysts anticipate that World Acceptance Co. will post 13.34 earnings per share for the current year.

Insider Transactions at World Acceptance

In other news, insider Luke J. Umstetter sold 500 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $120.78, for a total value of $60,390.00. Following the transaction, the insider now owns 14,238 shares of the company’s stock, valued at approximately $1,719,665.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 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.