Universal Beteiligungs und Servicegesellschaft mbH Invests $402,000 in World Acceptance Corporation (NASDAQ:WRLD)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in World Acceptance Corporation (NASDAQ:WRLD - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,176 shares of the credit services provider's stock, valued at approximately $402,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of World Acceptance as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. KLP Kapitalforvaltning AS purchased a new stake in World Acceptance in the 4th quarter worth $56,000. JPMorgan Chase & Co. raised its holdings in World Acceptance by 42.2% in the 4th quarter. JPMorgan Chase & Co. now owns 30,968 shares of the credit services provider's stock valued at $3,482,000 after acquiring an additional 9,194 shares during the last quarter. Norges Bank acquired a new position in shares of World Acceptance during the 4th quarter valued at about $1,878,000. ExodusPoint Capital Management LP increased its holdings in shares of World Acceptance by 63.1% during the 4th quarter. ExodusPoint Capital Management LP now owns 5,130 shares of the credit services provider's stock worth $577,000 after buying an additional 1,985 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position 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 purchasing an additional 539 shares during the last quarter. 83.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered World Acceptance from a "strong-buy" rating to a "hold" rating in a report on Saturday, July 26th.

Insiders Place Their Bets

In related news, insider Daniel Clinton Dyer sold 4,704 shares of the business's stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $159.50, for a total value of $750,288.00. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Darrell E. Whitaker sold 2,500 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $155.73, for a total value of $389,325.00. Following the transaction, the director owned 5,074 shares of the company's stock, valued at approximately $790,174.02. The trade was a 33.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,264 shares of company stock valued at $1,299,163. 41.60% of the stock is currently owned by insiders.

World Acceptance Stock Performance

World Acceptance stock traded down $1.47 during mid-day trading on Thursday, reaching $159.33. 12,433 shares of the company were exchanged, compared to its average volume of 37,845. The company has a debt-to-equity ratio of 1.10, a quick ratio of 19.32 and a current ratio of 17.83. The firm's 50-day simple moving average is $162.37 and its two-hundred day simple moving average is $143.53. World Acceptance Corporation has a twelve month low of $104.79 and a twelve month high of $177.25. The firm has a market cap of $867.87 million, a PE ratio of 10.75 and a beta of 1.33.

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

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.