Tower Research Capital LLC TRC boosted its holdings in World Acceptance Co. (NASDAQ:WRLD – Get Rating) by 222.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,122 shares of the credit services provider's stock after purchasing an additional 1,464 shares during the period. Tower Research Capital LLC TRC's holdings in World Acceptance were worth $206,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in WRLD. Millennium Management LLC boosted its position in World Acceptance by 408.6% during the 2nd quarter. Millennium Management LLC now owns 20,832 shares of the credit services provider's stock valued at $2,338,000 after buying an additional 16,736 shares during the period. Cubist Systematic Strategies LLC increased its holdings in World Acceptance by 364.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,146 shares of the credit services provider's stock valued at $1,476,000 after purchasing an additional 10,317 shares during the period. Kize Capital LP lifted its holdings in World Acceptance by 5.1% in the 2nd quarter. Kize Capital LP now owns 206,260 shares of the credit services provider's stock worth $23,151,000 after buying an additional 10,000 shares during the period. Russell Investments Group Ltd. grew its position in shares of World Acceptance by 87.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 11,370 shares of the credit services provider's stock worth $1,098,000 after buying an additional 5,312 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of World Acceptance by 127.8% during the first quarter. JPMorgan Chase & Co. now owns 7,439 shares of the credit services provider's stock valued at $1,428,000 after buying an additional 4,173 shares during the period. 88.54% of the stock is currently owned by hedge funds and other institutional investors.
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WRLD opened at $91.01 on Tuesday. The company has a quick ratio of 20.53, a current ratio of 20.53 and a debt-to-equity ratio of 2.01. World Acceptance Co. has a 52 week low of $58.44 and a 52 week high of $209.88. The stock has a market cap of $566.99 million, a PE ratio of 41.75 and a beta of 1.28. The business has a 50 day moving average of $86.86 and a 200-day moving average of $89.27.
Insider Buying and Selling at World Acceptance
In related news, Director Ken R. Bramlett, Jr. sold 3,000 shares of the stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $97.00, for a total value of $291,000.00. Following the completion of the transaction, the director now directly owns 32,519 shares in the company, valued at approximately $3,154,343. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 41.00% of the company's stock.
Wall Street Analyst Weigh In
Separately, BMO Capital Markets reduced their price objective on shares of World Acceptance from $46.00 to $32.00 and set an "underperform" rating on the stock in a research report on Friday, January 27th.
World Acceptance Profile
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World Acceptance Corp. engages in the small-loan consumer finance business. It offers short-term small instalment, medium-term larger loans, related credit insurance, ancillary products and services to individuals. The firm also offers income tax return preparation services to customers. The company also markets computer software and related services to financial services companies through its subsidiary, ParaData Financial Systems.
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