Los Angeles Capital Management LLC Has $1.61 Million Stock Holdings in World Acceptance Co. (NASDAQ:WRLD)

Los Angeles Capital Management LLC cut its holdings in World Acceptance Co. (NASDAQ:WRLD - Free Report) by 18.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,307 shares of the credit services provider's stock after selling 3,144 shares during the period. Los Angeles Capital Management LLC owned 0.25% of World Acceptance worth $1,609,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Quest Partners LLC raised its position in shares of World Acceptance by 2.7% during the third quarter. Quest Partners LLC now owns 3,519 shares of the credit services provider's stock valued at $415,000 after buying an additional 93 shares during the last quarter. FMR LLC raised its holdings in World Acceptance by 19.0% in the 3rd quarter. FMR LLC now owns 822 shares of the credit services provider's stock valued at $97,000 after acquiring an additional 131 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of World Acceptance by 10.0% in the 3rd quarter. HighTower Advisors LLC now owns 1,791 shares of the credit services provider's stock worth $211,000 after acquiring an additional 163 shares during the period. Principal Financial Group Inc. increased its position in shares of World Acceptance by 1.1% during the fourth quarter. Principal Financial Group Inc. now owns 15,776 shares of the credit services provider's stock valued at $1,774,000 after purchasing an additional 176 shares during the period. Finally, Centiva Capital LP increased its position in shares of World Acceptance by 16.5% during the third quarter. Centiva Capital LP now owns 4,038 shares of the credit services provider's stock valued at $476,000 after purchasing an additional 572 shares during the period. Institutional investors own 83.63% of the company's stock.

Remove Ads

World Acceptance Price Performance

WRLD stock traded down $3.39 during trading on Tuesday, hitting $127.48. The company had a trading volume of 13,318 shares, compared to its average volume of 29,701. The company has a fifty day moving average price of $130.03 and a two-hundred day moving average price of $121.60. World Acceptance Co. has a fifty-two week low of $101.85 and a fifty-two week high of $161.63. The company has a market cap of $732.62 million, a P/E ratio of 8.90 and a beta of 1.46. The company has a current ratio of 22.46, a quick ratio of 22.46 and a debt-to-equity ratio of 1.31.

World Acceptance (NASDAQ:WRLD - Get Free Report) last announced its earnings results on Tuesday, January 28th. The credit services provider reported $2.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.23 by $1.22. World Acceptance had a net margin of 14.41% and a return on equity of 19.03%. Equities research analysts expect that World Acceptance Co. will post 14 earnings per share for the current fiscal year.

Analyst Ratings Changes

WRLD has been the topic of a number of recent research reports. StockNews.com upgraded shares of World Acceptance from a "buy" rating to a "strong-buy" rating in a research note on Monday, January 13th. Stephens started coverage on shares of World Acceptance in a research note on Wednesday, November 13th. They issued an "equal weight" rating and a $10.00 target price on the stock.

Insider Activity

In other World Acceptance news, SVP Scott Mcintyre sold 2,000 shares of the business's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $150.22, for a total value of $300,440.00. Following the transaction, the senior vice president now owns 7,183 shares of the company's stock, valued at approximately $1,079,030.26. The trade was a 21.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Luke J. Umstetter sold 600 shares of World Acceptance stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $150.00, for a total value of $90,000.00. Following the completion of the transaction, the insider now directly owns 15,248 shares of the company's stock, valued at $2,287,200. This represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,188 shares of company stock worth $619,409. Insiders own 43.20% 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.