Principal Financial Group Inc. Has $1.87 Million Position in World Acceptance Corporation $WRLD

Principal Financial Group Inc. trimmed its holdings in World Acceptance Corporation (NASDAQ:WRLD) by 42.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,849 shares of the credit services provider’s stock after selling 10,144 shares during the quarter. Principal Financial Group Inc.’s holdings in World Acceptance were worth $1,870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. iSAM Funds UK Ltd bought a new stake in World Acceptance in the third quarter worth approximately $30,000. Russell Investments Group Ltd. lifted its stake in World Acceptance by 241.2% in the third quarter. Russell Investments Group Ltd. now owns 331 shares of the credit services provider’s stock valued at $56,000 after buying an additional 234 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of World Acceptance by 103.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 569 shares of the credit services provider’s stock worth $94,000 after buying an additional 289 shares in the last quarter. Aquatic Capital Management LLC bought a new position in shares of World Acceptance during the 3rd quarter worth approximately $138,000. Finally, Brevan Howard Capital Management LP bought a new position in shares of World Acceptance during the 3rd quarter worth approximately $215,000. Institutional investors own 83.63% of the company’s stock.

World Acceptance Stock Down 2.4%

Shares of NASDAQ:WRLD opened at $181.10 on Friday. The business’s 50 day simple moving average is $185.80 and its two-hundred day simple moving average is $155.11. The firm has a market cap of $843.93 million, a P/E ratio of 21.41 and a beta of 1.13. The company has a debt-to-equity ratio of 1.29, a quick ratio of 22.99 and a current ratio of 13.49. 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 data on Friday, July 24th. The credit services provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $1.54. The firm had revenue of $139.21 million during the quarter, compared to analysts’ expectations of $143.90 million. World Acceptance had a return on equity of 12.13% and a net margin of 6.71%.

Analyst Ratings Changes

Several analysts have recently weighed in on WRLD shares. Wall Street Zen upgraded shares of World Acceptance from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Weiss Ratings reissued a “hold (c)” rating on shares of World Acceptance in a research note on Wednesday, June 24th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Insider Transactions at World Acceptance

In related news, Director Benjamin E. Robinson III sold 2,031 shares of World Acceptance stock in a transaction on Monday, June 29th. The shares were sold at an average price of $222.77, for a total value of $452,445.87. Following the completion of the sale, the director owned 4,836 shares of the company’s stock, valued at approximately $1,077,315.72. This trade represents a 29.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles D. Way sold 833 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $225.00, for a total transaction of $187,425.00. Following the sale, the director owned 12,729 shares of the company’s stock, valued at $2,864,025. This trade represents a 6.14% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 5,396 shares of company stock valued at $1,121,090 in the last 90 days. 38.00% of the stock is currently owned by company insiders.

World Acceptance Profile

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.