World Acceptance Corporation $WRLD Position Lowered by Tudor Investment Corp ET AL

Key Points

• Tudor Investment Corp cut its stake in World Acceptance by 72.7% in Q3, selling 16,602 shares and leaving it with 6,240 shares valued at about $1.055 million.
• World Acceptance reported an earnings miss for the quarter—EPS of ($0.19) vs. $0.58 expected and revenue of $128.47M vs. $133.49M consensus—while the stock trades near $140.95 with a market cap of ~$696.3M and a P/E of 18.05.
• Several other institutions (CX Institutional, Bridgeway, AQR, BNP Paribas, Invesco) added or initiated positions, leaving institutional ownership at about 83.63%, even as insider John L. Calmes Jr. sold 1,000 shares, reducing his holdings to 50,334 shares.

Tudor Investment Corp ET AL decreased its stake in shares of World Acceptance Corporation (NASDAQ:WRLD - Free Report) by 72.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,240 shares of the credit services provider's stock after selling 16,602 shares during the period. Tudor Investment Corp ET AL owned about 0.12% of World Acceptance worth $1,055,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. CX Institutional bought a new stake in World Acceptance during the third quarter valued at $6,258,000. Bridgeway Capital Management LLC increased its stake in World Acceptance by 33.1% during the second quarter. Bridgeway Capital Management LLC now owns 57,928 shares of the credit services provider's stock valued at $9,565,000 after purchasing an additional 14,406 shares during the last quarter. AQR Capital Management LLC increased its stake in World Acceptance by 51.1% during the second quarter. AQR Capital Management LLC now owns 41,380 shares of the credit services provider's stock valued at $6,833,000 after purchasing an additional 13,999 shares during the last quarter. BNP Paribas Financial Markets increased its stake in World Acceptance by 95.3% during the third quarter. BNP Paribas Financial Markets now owns 24,400 shares of the credit services provider's stock valued at $4,127,000 after purchasing an additional 11,905 shares during the last quarter. Finally, Invesco Ltd. increased its stake in World Acceptance by 66.4% during the third quarter. Invesco Ltd. now owns 29,602 shares of the credit services provider's stock valued at $5,007,000 after purchasing an additional 11,809 shares during the last quarter. Institutional investors own 83.63% of the company's stock.

Wall Street Analyst Weigh In

WRLD has been the subject of several recent research reports. Weiss Ratings reiterated a "hold (c)" rating on shares of World Acceptance in a research note on Friday, March 27th. Zacks Research raised shares of World Acceptance from a "strong sell" rating to a "hold" rating in a report on Monday, December 22nd. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of "Hold".

World Acceptance Stock Performance

Shares of NASDAQ WRLD opened at $140.95 on Tuesday. The company has a quick ratio of 25.01, a current ratio of 25.01 and a debt-to-equity ratio of 1.64. The firm's 50-day moving average price is $134.66 and its two-hundred day moving average price is $143.34. World Acceptance Corporation has a 52-week low of $110.00 and a 52-week high of $185.48. The stock has a market capitalization of $696.29 million, a P/E ratio of 18.05 and a beta of 1.17.

World Acceptance (NASDAQ:WRLD - Get Free Report) last issued its 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). World Acceptance had a return on equity of 10.80% and a net margin of 7.46%.The business had revenue of $128.47 million during the quarter, compared to the consensus estimate of $133.49 million. As a group, sell-side analysts forecast that World Acceptance Corporation will post 14 earnings per share for the current year.

Insider Transactions at World Acceptance

In other World Acceptance news, insider John L. Calmes, Jr. sold 1,000 shares of the firm's stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $141.88, for a total value of $141,880.00. Following the transaction, the insider owned 50,334 shares of the company's stock, valued at $7,141,387.92. This trade represents a 1.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 41.60% of the stock is owned by corporate insiders.

World Acceptance Company Profile

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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