5,039 Shares in World Acceptance Corporation $WRLD Bought by Jennison Associates LLC

Jennison Associates LLC purchased a new position in shares of World Acceptance Corporation (NASDAQ:WRLD) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,039 shares of the credit services provider’s stock, valued at approximately $680,000. Jennison Associates LLC owned approximately 0.10% of World Acceptance at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. SageGuard Financial Group LLC bought a new stake in shares of World Acceptance in the 4th quarter valued at about $528,000. CX Institutional lifted its stake in World Acceptance by 11.1% in the 4th quarter. CX Institutional now owns 41,097 shares of the credit services provider’s stock valued at $5,770,000 after purchasing an additional 4,098 shares during the last quarter. CWM LLC grew its holdings in World Acceptance by 18.5% during the fourth quarter. CWM LLC now owns 2,859 shares of the credit services provider’s stock worth $401,000 after purchasing an additional 446 shares during the period. State of Alaska Department of Revenue grew its holdings in World Acceptance by 83.6% during the fourth quarter. State of Alaska Department of Revenue now owns 3,275 shares of the credit services provider’s stock worth $459,000 after purchasing an additional 1,491 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in World Acceptance by 8.2% during the first quarter. Janney Montgomery Scott LLC now owns 13,218 shares of the credit services provider’s stock worth $1,785,000 after buying an additional 1,004 shares during the last quarter. Institutional investors and hedge funds own 83.63% of the company’s stock.

Insider Transactions at World Acceptance

In related news, insider Luke J. Umstetter sold 1,000 shares of World Acceptance stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $181.66, for a total transaction of $181,660.00. Following the completion of the sale, the insider directly owned 28,245 shares of the company’s stock, valued at approximately $5,130,986.70. This trade represents a 3.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Charles D. Way sold 833 shares of World Acceptance stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $225.00, for a total value of $187,425.00. Following the sale, the director directly owned 12,729 shares of the company’s stock, valued at approximately $2,864,025. The trade was a 6.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 5,576 shares of company stock worth $1,149,890. Insiders own 41.60% of the company’s stock.

World Acceptance Stock Performance

NASDAQ WRLD opened at $186.69 on Thursday. The stock has a market cap of $866.24 million, a PE ratio of 25.30 and a beta of 1.13. The company has a debt-to-equity ratio of 1.26, a quick ratio of 22.99 and a current ratio of 22.99. The firm has a 50-day moving average of $181.64 and a 200-day moving average of $153.35. World Acceptance Corporation has a 52-week low of $110.00 and a 52-week high of $227.68.

World Acceptance (NASDAQ:WRLD) last announced its quarterly earnings results on Thursday, April 30th. The credit services provider reported $7.70 EPS for the quarter, missing analysts’ consensus estimates of $7.74 by ($0.04). The company had revenue of $164.31 million during the quarter, compared to analyst estimates of $168.40 million. World Acceptance had a net margin of 5.98% and a return on equity of 9.36%.

Analyst Ratings Changes

WRLD has been the topic of several research analyst reports. Wall Street Zen lowered World Acceptance from a “buy” rating to a “hold” rating in a research note on Sunday, June 28th. Weiss Ratings reissued a “hold (c)” rating on shares of World Acceptance in a report on Wednesday, June 24th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, World Acceptance presently has an average rating of “Hold”.

About World Acceptance

World Acceptance Corporation (NASDAQ: WRLD) is a consumer finance company headquartered in Greenville, South Carolina. Founded in 1972, the company provides credit solutions to underserved customers who may have limited access to traditional banking services. Over the decades, World Acceptance has built a reputation for tailored lending that emphasizes responsible underwriting and personalized customer service.

The company’s core product offerings include short-term installment loans designed to meet the immediate financial needs of its clients.