Public Employees Retirement System of Ohio Raises Position in World Acceptance Corporation $WRLD

Public Employees Retirement System of Ohio lifted its stake in World Acceptance Corporation (NASDAQ:WRLD) by 3,071.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,821 shares of the credit services provider’s stock after purchasing an additional 4,669 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in World Acceptance were worth $651,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Smith Thomas W purchased a new stake in World Acceptance during the 4th quarter valued at $10,894,000. Millennium Management LLC lifted its position in World Acceptance by 680.5% in the fourth quarter. Millennium Management LLC now owns 67,649 shares of the credit services provider’s stock worth $9,497,000 after buying an additional 58,982 shares during the last quarter. Jane Street Group LLC boosted its stake in World Acceptance by 86.3% during the fourth quarter. Jane Street Group LLC now owns 44,301 shares of the credit services provider’s stock worth $6,219,000 after buying an additional 20,520 shares during the period. Bridgeway Capital Management LLC boosted 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 worth $9,565,000 after buying an additional 14,406 shares during the period. Finally, AQR Capital Management LLC increased its position 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 acquiring an additional 13,999 shares during the last quarter. Institutional investors own 83.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Wall Street Zen raised shares of World Acceptance from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of World Acceptance in a research note on Wednesday, June 24th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Insider Buying and Selling at World Acceptance

In other news, insider Luke J. Umstetter sold 1,000 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $181.66, for a total value of $181,660.00. Following the transaction, the insider directly owned 28,245 shares in the company, valued at approximately $5,130,986.70. This represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction of $110,229.00. Following the completion of the transaction, the senior vice president directly owned 14,682 shares in the company, valued at $2,657,442. This represents a 3.98% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 7,396 shares of company stock valued at $1,493,090. 38.00% of the stock is owned by company insiders.

World Acceptance Trading Up 2.9%

Shares of NASDAQ WRLD opened at $193.63 on Wednesday. World Acceptance Corporation has a fifty-two week low of $110.00 and a fifty-two week high of $227.68. The company has a debt-to-equity ratio of 1.29, a quick ratio of 22.99 and a current ratio of 13.49. The company has a market cap of $902.32 million, a price-to-earnings ratio of 22.89 and a beta of 1.14. The business’s 50 day moving average price is $187.31 and its 200-day moving average price is $156.08.

World Acceptance (NASDAQ:WRLD) last posted its quarterly earnings data on Friday, July 24th. The credit services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $1.54. The company had revenue of $139.21 million during the quarter, compared to analysts’ expectations of $143.90 million. World Acceptance had a return on equity of 12.13% and a net margin of 6.71%.

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.