Texas Permanent School Fund Corp Boosts Holdings in World Acceptance Co. (NASDAQ:WRLD)

Texas Permanent School Fund Corp boosted its position in shares of World Acceptance Co. (NASDAQ:WRLD) by 28.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,785 shares of the credit services provider’s stock after buying an additional 846 shares during the quarter. Texas Permanent School Fund Corp owned 0.06% of World Acceptance worth $468,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Quest Partners LLC boosted its stake in shares of World Acceptance by 65.4% during the second quarter. Quest Partners LLC now owns 3,426 shares of the credit services provider’s stock valued at $423,000 after purchasing an additional 1,355 shares during the period. CWM LLC boosted its stake in shares of World Acceptance by 122.4% during the second quarter. CWM LLC now owns 585 shares of the credit services provider’s stock valued at $72,000 after purchasing an additional 322 shares during the period. Comerica Bank boosted its stake in shares of World Acceptance by 63.1% during the first quarter. Comerica Bank now owns 2,562 shares of the credit services provider’s stock valued at $371,000 after purchasing an additional 991 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of World Acceptance by 4.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,329 shares of the credit services provider’s stock valued at $338,000 after purchasing an additional 107 shares during the period. Finally, BOKF NA purchased a new stake in shares of World Acceptance during the first quarter valued at $310,000. 83.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of World Acceptance from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 19th.

World Acceptance Stock Performance

WRLD stock opened at $123.45 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 17.02 and a quick ratio of 17.02. The business has a 50-day moving average price of $119.67 and a 200 day moving average price of $127.41. The company has a market capitalization of $721.57 million, a P/E ratio of 9.31 and a beta of 1.39. World Acceptance Co. has a 1-year low of $94.57 and a 1-year high of $149.31.

World Acceptance (NASDAQ:WRLD) last released its quarterly earnings data on Friday, July 26th. The credit services provider reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.10. The firm had revenue of $129.53 million during the quarter, compared to the consensus estimate of $141.00 million. World Acceptance had a return on equity of 18.69% and a net margin of 13.80%. During the same period in the previous year, the company posted $1.62 earnings per share. As a group, equities research analysts forecast that World Acceptance Co. will post 13.34 EPS for the current fiscal year.

Insider Activity at World Acceptance

In related news, insider Luke J. Umstetter sold 500 shares of World Acceptance stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $120.78, for a total value of $60,390.00. Following the completion of the sale, the insider now directly owns 14,238 shares in the company, valued at $1,719,665.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 40.90% of the stock is currently owned by corporate insiders.

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.