Charles Schwab Investment Management Inc. lessened its holdings in shares of World Acceptance Co. (NASDAQ:WRLD - Free Report) by 16.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,462 shares of the credit services provider's stock after selling 10,837 shares during the period. Charles Schwab Investment Management Inc. owned 0.96% of World Acceptance worth $6,661,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of WRLD. AQR Capital Management LLC grew its stake in shares of World Acceptance by 38.0% in the 2nd quarter. AQR Capital Management LLC now owns 40,475 shares of the credit services provider's stock worth $5,002,000 after buying an additional 11,135 shares during the last quarter. American Century Companies Inc. boosted its holdings in World Acceptance by 107.2% in the second quarter. American Century Companies Inc. now owns 39,580 shares of the credit services provider's stock worth $4,891,000 after acquiring an additional 20,475 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of World Acceptance by 7.9% in the second quarter. Renaissance Technologies LLC now owns 34,025 shares of the credit services provider's stock worth $4,205,000 after acquiring an additional 2,500 shares during the last quarter. Millennium Management LLC increased its holdings in shares of World Acceptance by 125.2% during the second quarter. Millennium Management LLC now owns 22,184 shares of the credit services provider's stock valued at $2,741,000 after acquiring an additional 12,333 shares in the last quarter. Finally, Empowered Funds LLC raised its position in shares of World Acceptance by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 21,430 shares of the credit services provider's stock worth $2,528,000 after purchasing an additional 1,072 shares during the last quarter. 83.63% of the stock is owned by hedge funds and other institutional investors.
World Acceptance Stock Down 1.0 %
NASDAQ WRLD traded down $1.21 during mid-day trading on Thursday, reaching $118.09. The stock had a trading volume of 9,665 shares, compared to its average volume of 34,961. The stock has a market cap of $679.02 million, a PE ratio of 8.11 and a beta of 1.42. World Acceptance Co. has a 1 year low of $101.85 and a 1 year high of $149.31. The company has a debt-to-equity ratio of 1.21, a current ratio of 19.53 and a quick ratio of 19.53. The company has a fifty day moving average price of $117.98 and a 200 day moving average price of $120.17.
Wall Street Analyst Weigh In
Separately, Stephens began coverage on shares of World Acceptance in a research report on Wednesday, November 13th. They set an "equal weight" rating and a $10.00 price objective on the stock.
View Our Latest Report on WRLD
Insider Activity
In related news, insider Luke J. Umstetter sold 550 shares of World Acceptance stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $114.30, for a total value of $62,865.00. Following the completion of the sale, the insider now directly owns 11,370 shares in the company, valued at approximately $1,299,591. This trade represents a 4.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 43.20% of the company's stock.
About World Acceptance
(
Free Report)
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.
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