Jennison Associates LLC Makes New Investment in World Acceptance Corporation $WRLD

Jennison Associates LLC bought a new position in shares of World Acceptance Corporation (NASDAQ:WRLD) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,039 shares of the credit services provider’s stock, valued at approximately $680,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of World Acceptance by 4.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,044 shares of the credit services provider’s stock valued at $259,000 after buying an additional 78 shares in the last quarter. First Trust Advisors LP raised its holdings in World Acceptance by 0.8% in the 2nd quarter. First Trust Advisors LP now owns 10,600 shares of the credit services provider’s stock valued at $1,750,000 after acquiring an additional 82 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of World Acceptance by 4.6% during the 3rd quarter. Franklin Resources Inc. now owns 2,637 shares of the credit services provider’s stock valued at $446,000 after acquiring an additional 117 shares during the period. SG Americas Securities LLC lifted its position in shares of World Acceptance by 8.2% during the 4th quarter. SG Americas Securities LLC now owns 1,897 shares of the credit services provider’s stock valued at $266,000 after acquiring an additional 143 shares during the period. Finally, Wedge Capital Management L L P NC grew its holdings in shares of World Acceptance by 3.9% during the 4th quarter. Wedge Capital Management L L P NC now owns 4,563 shares of the credit services provider’s stock worth $641,000 after purchasing an additional 173 shares in the last quarter. 83.63% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Alice Lindsay Caulder sold 609 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $181.00, for a total value of $110,229.00. Following the sale, the senior vice president directly owned 14,682 shares of the company’s stock, valued at $2,657,442. This trade represents a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Benjamin E. Robinson III sold 2,031 shares of World Acceptance stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $222.77, for a total value of $452,445.87. Following the completion of the transaction, the director owned 4,836 shares in the company, valued at approximately $1,077,315.72. This represents a 29.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 5,576 shares of company stock worth $1,149,890. 41.60% of the stock is currently owned by company insiders.

World Acceptance Stock Performance

Shares of NASDAQ:WRLD opened at $186.69 on Thursday. World Acceptance Corporation has a 1 year low of $110.00 and a 1 year high of $227.68. The stock has a market capitalization of $866.24 million, a price-to-earnings ratio of 25.30 and a beta of 1.13. The company has a debt-to-equity ratio of 1.26, a current ratio of 22.99 and a quick ratio of 22.99. The company’s 50 day simple moving average is $181.64 and its 200 day simple moving average is $153.35.

World Acceptance (NASDAQ:WRLD) last released its earnings results on Thursday, April 30th. The credit services provider reported $7.70 earnings per share for the quarter, missing the consensus estimate of $7.74 by ($0.04). World Acceptance had a return on equity of 9.36% and a net margin of 5.98%.The business had revenue of $164.31 million for the quarter, compared to the consensus estimate of $168.40 million.

Wall Street Analysts Forecast Growth

WRLD has been the topic of a number of recent analyst reports. Wall Street Zen cut World Acceptance from a “buy” rating to a “hold” rating in a research report on Sunday, June 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of World Acceptance in a research report on Wednesday, June 24th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

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.