Charles Schwab Investment Management Inc. Has $5.27 Million Position in World Acceptance Corporation $WRLD

Key Points

• Charles Schwab Investment Management reduced its stake in World Acceptance Corporation by 5.3%, owning $5.27 million worth of shares as of the latest SEC filing.
• Director Darrell E. Whitaker sold 2,500 shares of World Acceptance stock, marking a 33.01% decrease in his ownership.
• Wall Street Zen downgraded World Acceptance from a "strong-buy" to a "hold" rating with an average target price of $10.00.

Charles Schwab Investment Management Inc. reduced its holdings in World Acceptance Corporation (NASDAQ:WRLD - Free Report) by 5.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,643 shares of the credit services provider's stock after selling 2,326 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.72% of World Acceptance worth $5,270,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its stake in World Acceptance by 72.1% during the 1st quarter. Versant Capital Management Inc now owns 265 shares of the credit services provider's stock valued at $34,000 after purchasing an additional 111 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of World Acceptance by 570.9% during the 1st quarter. GAMMA Investing LLC now owns 369 shares of the credit services provider's stock worth $47,000 after acquiring an additional 314 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of World Acceptance by 48.8% during the 4th quarter. Wells Fargo & Company MN now owns 1,643 shares of the credit services provider's stock worth $185,000 after acquiring an additional 539 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of World Acceptance by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,966 shares of the credit services provider's stock worth $221,000 after acquiring an additional 76 shares in the last quarter. Finally, Comerica Bank boosted its stake in shares of World Acceptance by 3.8% during the 4th quarter. Comerica Bank now owns 2,513 shares of the credit services provider's stock worth $283,000 after acquiring an additional 93 shares in the last quarter. 83.63% of the stock is owned by institutional investors.

Insider Buying and Selling at World Acceptance

In other World Acceptance news, Director Charles D. Way sold 402 shares of the firm's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $160.00, for a total transaction of $64,320.00. Following the transaction, the director directly owned 15,395 shares in the company, valued at $2,463,200. This trade represents a 2.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel Clinton Dyer sold 4,704 shares of the firm's stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $159.50, for a total value of $750,288.00. Following the transaction, the insider owned 42,714 shares in the company, valued at approximately $6,812,883. This trade represents a 9.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,156 shares of company stock valued at $822,658. 41.60% of the stock is owned by corporate insiders.

World Acceptance Stock Down 0.9%

Shares of World Acceptance stock traded down $1.51 during midday trading on Tuesday, hitting $169.92. The company's stock had a trading volume of 26,499 shares, compared to its average volume of 39,795. The company has a quick ratio of 17.83, a current ratio of 17.83 and a debt-to-equity ratio of 1.10. World Acceptance Corporation has a 1-year low of $104.99 and a 1-year high of $177.25. The stock has a 50-day simple moving average of $166.70 and a 200-day simple moving average of $147.30. The firm has a market capitalization of $926.06 million, a P/E ratio of 11.47 and a beta of 1.28.

World Acceptance (NASDAQ:WRLD - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The credit services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($2.19). World Acceptance had a return on equity of 18.95% and a net margin of 14.29%.The firm had revenue of $132.45 million for the quarter, compared to analysts' expectations of $122.38 million. As a group, sell-side analysts expect that World Acceptance Corporation will post 14 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered World Acceptance from a "strong-buy" rating to a "hold" rating in a research note on Saturday, July 26th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, World Acceptance presently has an average rating of "Hold" and an average target price of $10.00.

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.