Charles Schwab Investment Management Inc. Has $5.27 Million Stock Holdings 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. lowered its position in World Acceptance Corporation (NASDAQ:WRLD - Free Report) by 5.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 approximately 0.72% of World Acceptance worth $5,270,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in World Acceptance by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,966 shares of the credit services provider's stock valued at $221,000 after purchasing an additional 76 shares in the last quarter. Comerica Bank grew its stake in World Acceptance by 3.8% in the fourth quarter. Comerica Bank now owns 2,513 shares of the credit services provider's stock valued at $283,000 after purchasing an additional 93 shares in the last quarter. Versant Capital Management Inc grew its stake in World Acceptance by 72.1% in the first 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. Wedge Capital Management L L P NC grew its stake in World Acceptance by 6.1% in the first quarter. Wedge Capital Management L L P NC now owns 4,743 shares of the credit services provider's stock valued at $600,000 after purchasing an additional 273 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in World Acceptance by 570.9% in the first quarter. GAMMA Investing LLC now owns 369 shares of the credit services provider's stock valued at $47,000 after purchasing an additional 314 shares in the last quarter. Hedge funds and other institutional investors own 83.63% of the company's stock.

Insider Transactions at World Acceptance

In related news, insider Daniel Clinton Dyer sold 4,704 shares of the business's stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $159.50, for a total transaction of $750,288.00. Following the completion of the transaction, the insider owned 42,714 shares of the company's stock, valued at approximately $6,812,883. The trade was a 9.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles D. Way sold 402 shares of the business's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $160.00, for a total value of $64,320.00. Following the transaction, the director directly owned 15,395 shares of the company's stock, valued at $2,463,200. This represents a 2.54% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,156 shares of company stock valued at $822,658 in the last ninety days. Insiders own 41.60% of the company's stock.

World Acceptance Stock Down 1.2%

Shares of NASDAQ:WRLD traded down $2.10 on Monday, reaching $171.43. The company had a trading volume of 23,335 shares, compared to its average volume of 41,568. World Acceptance Corporation has a twelve month low of $104.99 and a twelve month high of $177.25. The stock has a 50-day moving average price of $166.19 and a 200 day moving average price of $147.01. The stock has a market capitalization of $933.61 million, a P/E ratio of 11.57 and a beta of 1.27. 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 (NASDAQ:WRLD - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The credit services provider reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $2.44 by ($2.19). World Acceptance had a return on equity of 18.95% and a net margin of 14.29%.The company had revenue of $132.45 million during the quarter, compared to analyst estimates of $122.38 million. On average, equities analysts expect that World Acceptance Corporation will post 14 EPS for the current year.

Analyst Ratings Changes

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

World Acceptance Company 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.