Tudor Investment Corp ET AL Sells 16,602 Shares of World Acceptance Corporation $WRLD

Key Points

• Tudor Investment Corp ET AL cut its stake in World Acceptance by 72.7%, selling 16,602 shares and leaving 6,240 shares worth about $1.055 million.
• World Acceptance missed quarterly estimates, reporting EPS of ($0.19) versus a $0.58 consensus and revenue of $128.47 million versus $133.49 million expected.
• Insider John L. Calmes Jr. sold 1,000 shares at an average price of $141.88; insiders own about 41.6% of the company while hedge funds and institutional investors hold roughly 83.6%.

Tudor Investment Corp ET AL decreased its position in World Acceptance Corporation (NASDAQ:WRLD - Free Report) by 72.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,240 shares of the credit services provider's stock after selling 16,602 shares during the quarter. Tudor Investment Corp ET AL owned 0.12% of World Acceptance worth $1,055,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of World Acceptance by 4.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,044 shares of the credit services provider's stock valued at $259,000 after acquiring an additional 78 shares during the last quarter. First Trust Advisors LP increased its position in World Acceptance by 0.8% in the second quarter. First Trust Advisors LP now owns 10,600 shares of the credit services provider's stock worth $1,750,000 after purchasing an additional 82 shares during the last quarter. Prudential Financial Inc. raised its stake in World Acceptance by 2.9% during the second quarter. Prudential Financial Inc. now owns 3,480 shares of the credit services provider's stock valued at $575,000 after purchasing an additional 99 shares in the last quarter. Franklin Resources Inc. raised its stake in World Acceptance by 4.6% during the third quarter. Franklin Resources Inc. now owns 2,637 shares of the credit services provider's stock valued at $446,000 after purchasing an additional 117 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its position in World Acceptance by 2.4% during the second quarter. Hsbc Holdings PLC now owns 5,575 shares of the credit services provider's stock valued at $927,000 after purchasing an additional 131 shares during the last quarter. 83.63% of the stock is owned by hedge funds and other institutional investors.

World Acceptance Stock Performance

NASDAQ WRLD opened at $133.33 on Tuesday. The business's 50 day moving average price is $131.67 and its 200-day moving average price is $145.35. World Acceptance Corporation has a fifty-two week low of $104.99 and a fifty-two week high of $185.48. The company has a market cap of $658.65 million, a P/E ratio of 17.07 and a beta of 1.19. The company has a debt-to-equity ratio of 1.64, a quick ratio of 25.01 and a current ratio of 25.01.

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

Insider Buying and Selling at World Acceptance

In other news, insider John L. Calmes, Jr. sold 1,000 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $141.88, for a total value of $141,880.00. Following the sale, the insider owned 50,334 shares of the company's stock, valued at approximately $7,141,387.92. This represents a 1.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 41.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of World Acceptance in a research note on Friday. Zacks Research upgraded shares of World Acceptance from a "strong sell" rating to a "hold" rating in a research report on Monday, December 22nd. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of "Hold".

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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