Nuveen LLC Takes $1.36 Million Position in World Acceptance Corporation $WRLD

Key Points

• Nuveen LLC has acquired a new position in World Acceptance Corporation, buying 10,714 shares valued at approximately $1.36 million, representing 0.19% ownership.
• In the 1st quarter, other hedge funds increased their stakes in World Acceptance, with GAMMA Investing lifting their holdings by 570.9%.
• World Acceptance reported a Q2 EPS of $0.25, missing analysts' estimates of $2.44, despite revenue of $132.45 million surpassing expectations.

Nuveen LLC purchased a new stake in World Acceptance Corporation (NASDAQ:WRLD - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 10,714 shares of the credit services provider's stock, valued at approximately $1,356,000. Nuveen LLC owned about 0.19% of World Acceptance as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of World Acceptance by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 349,238 shares of the credit services provider's stock valued at $44,196,000 after purchasing an additional 7,429 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of World Acceptance by 13.4% during the 4th quarter. Northern Trust Corp now owns 64,584 shares of the credit services provider's stock valued at $7,262,000 after acquiring an additional 7,622 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of World Acceptance by 84,803.6% during the 1st quarter. GAMMA Investing LLC now owns 46,697 shares of the credit services provider's stock valued at $5,910,000 after acquiring an additional 46,642 shares in the last quarter. Bridgeway Capital Management LLC boosted its holdings in shares of World Acceptance by 2.6% during the 4th quarter. Bridgeway Capital Management LLC now owns 42,597 shares of the credit services provider's stock valued at $4,790,000 after acquiring an additional 1,067 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its holdings in shares of World Acceptance by 14.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 33,632 shares of the credit services provider's stock valued at $3,782,000 after acquiring an additional 4,329 shares in the last quarter. Institutional investors own 83.63% of the company's stock.

Wall Street Analysts Forecast Growth

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

World Acceptance Trading Down 1.6%

WRLD traded down $2.75 during midday trading on Friday, hitting $173.01. 34,467 shares of the company were exchanged, compared to its average volume of 38,931. The firm has a market capitalization of $942.90 million, a P/E ratio of 11.67 and a beta of 1.28. World Acceptance Corporation has a 1-year low of $104.99 and a 1-year high of $177.25. The firm's 50 day moving average price is $167.10 and its 200-day moving average price is $147.82. 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 earnings results on Thursday, July 24th. The credit services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $2.44 by ($2.19). The company had revenue of $132.45 million for the quarter, compared to analyst estimates of $122.38 million. World Acceptance had a return on equity of 18.95% and a net margin of 14.29%. As a group, equities analysts forecast that World Acceptance Corporation will post 14 EPS for the current fiscal year.

Insider Activity

In other World Acceptance news, insider Daniel Clinton Dyer sold 4,704 shares of World Acceptance 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 transaction, the insider directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles D. Way sold 402 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $160.00, for a total value of $64,320.00. Following the completion of the transaction, the director directly owned 15,395 shares in the company, valued at $2,463,200. This represents a 2.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,156 shares of company stock worth $822,658 over the last ninety days. Company insiders own 41.60% of the company's stock.

World Acceptance 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.