Intech Investment Management LLC Buys 10,093 Shares of World Acceptance Corporation $WRLD

Key Points

• Intech Investment Management increased its stake in World Acceptance by 677.8%, buying 10,093 shares to hold 11,582 shares worth about $1.96 million (≈0.21% of the company).
• Company insiders sold a total of 9,946 shares worth roughly $1.48 million over the last 90 days (including sales by John Calmes Jr. and Daniel Clinton Dyer), though insiders still own about 41.6% of the stock.
• World Acceptance missed recent quarter expectations, reporting (‑$0.19) EPS vs. $0.58 expected and $128.47M revenue vs. $133.49M expected, and analysts hold a consensus "Hold" rating.

Intech Investment Management LLC lifted its stake in World Acceptance Corporation (NASDAQ:WRLD - Free Report) by 677.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,582 shares of the credit services provider's stock after buying an additional 10,093 shares during the period. Intech Investment Management LLC owned approximately 0.21% of World Acceptance worth $1,959,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its stake in World Acceptance by 103.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 569 shares of the credit services provider's stock worth $94,000 after purchasing an additional 289 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in shares of World Acceptance in the third quarter worth approximately $215,000. The Manufacturers Life Insurance Company purchased a new position in shares of World Acceptance in the second quarter worth $215,000. Y Intercept Hong Kong Ltd purchased a new position in shares of World Acceptance in the second quarter worth $226,000. Finally, Lazard Asset Management LLC boosted its position in World Acceptance by 22.1% during the 2nd quarter. Lazard Asset Management LLC now owns 1,461 shares of the credit services provider's stock valued at $240,000 after buying an additional 264 shares during the period. 83.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at World Acceptance

In other news, insider John L. Calmes, Jr. sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $149.21, for a total value of $149,210.00. Following the sale, the insider directly owned 54,395 shares of the company's stock, valued at $8,116,277.95. The trade was a 1.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Daniel Clinton Dyer sold 8,857 shares of the firm's stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $149.00, for a total value of $1,319,693.00. Following the transaction, the insider directly owned 33,640 shares of the company's stock, valued at approximately $5,012,360. This trade represents a 20.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 9,946 shares of company stock worth $1,482,253 over the last ninety days. Insiders own 41.60% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Zacks Research upgraded shares of World Acceptance from a "strong sell" rating to a "hold" rating in a research report on Monday, December 22nd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of World Acceptance in a research report on Monday, December 29th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of "Hold".

World Acceptance Stock Performance

Shares of WRLD opened at $145.78 on Thursday. The company has a 50-day simple moving average of $135.01 and a two-hundred day simple moving average of $149.94. The company has a debt-to-equity ratio of 1.64, a current ratio of 25.01 and a quick ratio of 25.01. The firm has a market capitalization of $720.15 million, a PE ratio of 18.67 and a beta of 1.20. World Acceptance Corporation has a one year low of $104.99 and a one year high of $185.48.

World Acceptance (NASDAQ:WRLD - Get Free Report) last released its earnings results on Tuesday, January 27th. The credit services provider reported ($0.19) EPS for the quarter, missing analysts' consensus estimates of $0.58 by ($0.77). The firm had revenue of $128.47 million during the quarter, compared to analysts' expectations of $133.49 million. World Acceptance had a net margin of 7.46% and a return on equity of 10.80%. On average, analysts anticipate that World Acceptance Corporation will post 14 EPS for the current fiscal year.

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.

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