World Acceptance Co. (NASDAQ:WRLD) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its position in shares of World Acceptance Co. (NASDAQ:WRLD - Free Report) by 22.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 43,969 shares of the credit services provider's stock after selling 12,493 shares during the period. Charles Schwab Investment Management Inc. owned 0.76% of World Acceptance worth $4,944,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. 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 during the last quarter. HighTower Advisors LLC grew its position in shares of World Acceptance by 10.0% in the third quarter. HighTower Advisors LLC now owns 1,791 shares of the credit services provider's stock valued at $211,000 after purchasing an additional 163 shares during the period. Quantbot Technologies LP increased its stake in World Acceptance by 53.3% in the third quarter. Quantbot Technologies LP now owns 1,997 shares of the credit services provider's stock valued at $236,000 after purchasing an additional 694 shares during the last quarter. ClearAlpha Technologies LP acquired a new position in World Acceptance in the third quarter valued at $265,000. Finally, Intech Investment Management LLC purchased a new position in World Acceptance during the third quarter worth about $275,000. Institutional investors and hedge funds own 83.63% of the company's stock.

World Acceptance Trading Down 3.8 %

WRLD stock traded down $4.99 on Friday, hitting $127.01. 28,221 shares of the company were exchanged, compared to its average volume of 29,554. The company has a debt-to-equity ratio of 1.31, a current ratio of 22.46 and a quick ratio of 22.46. The stock has a market capitalization of $729.93 million, a price-to-earnings ratio of 8.87 and a beta of 1.48. World Acceptance Co. has a twelve month low of $101.85 and a twelve month high of $161.63. The business's fifty day moving average is $134.04 and its two-hundred day moving average is $122.81.

Remove Ads

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

Insider Transactions at World Acceptance

In other news, SVP Alice Lindsay Caulder sold 600 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $139.81, for a total value of $83,886.00. Following the completion of the sale, the senior vice president now owns 8,524 shares of the company's stock, valued at $1,191,740.44. This represents a 6.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Luke J. Umstetter sold 488 shares of World Acceptance stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $150.19, for a total transaction of $73,292.72. Following the transaction, the insider now owns 14,760 shares in the company, valued at $2,216,804.40. The trade was a 3.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,188 shares of company stock worth $619,409 in the last three months. 43.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of World Acceptance from a "strong-buy" rating to a "buy" rating in a research note on Saturday.

About World Acceptance

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.