AQR Capital Management LLC Acquires 11,135 Shares of World Acceptance Co. (NASDAQ:WRLD)

AQR Capital Management LLC grew its holdings in World Acceptance Co. (NASDAQ:WRLD) by 38.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 40,475 shares of the credit services provider’s stock after purchasing an additional 11,135 shares during the period. AQR Capital Management LLC owned approximately 0.69% of World Acceptance worth $5,002,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. American Century Companies Inc. lifted its stake in World Acceptance by 107.2% in the 2nd quarter. American Century Companies Inc. now owns 39,580 shares of the credit services provider’s stock valued at $4,891,000 after purchasing an additional 20,475 shares during the last quarter. Quadrature Capital Ltd increased its holdings in shares of World Acceptance by 89.5% during the first quarter. Quadrature Capital Ltd now owns 23,869 shares of the credit services provider’s stock worth $3,455,000 after buying an additional 11,275 shares in the last quarter. WINTON GROUP Ltd bought a new position in shares of World Acceptance in the 2nd quarter valued at $815,000. Empowered Funds LLC boosted its holdings in shares of World Acceptance by 47.8% during the 1st quarter. Empowered Funds LLC now owns 18,918 shares of the credit services provider’s stock valued at $2,743,000 after acquiring an additional 6,116 shares in the last quarter. Finally, UniSuper Management Pty Ltd bought a new stake in World Acceptance during the 1st quarter worth $727,000. Institutional investors and hedge funds own 83.63% of the company’s stock.

World Acceptance Trading Up 1.8 %

WRLD opened at $112.84 on Friday. The company’s 50 day moving average price is $114.68 and its two-hundred day moving average price is $126.40. The firm has a market capitalization of $660.11 million, a price-to-earnings ratio of 8.51 and a beta of 1.39. World Acceptance Co. has a fifty-two week low of $94.57 and a fifty-two week high of $149.31. The company has a debt-to-equity ratio of 1.17, a current ratio of 17.02 and a quick ratio of 17.02.

World Acceptance (NASDAQ:WRLD) last posted its quarterly earnings data on Friday, July 26th. The credit services provider reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.10. The business 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 prior year, the business posted $1.62 earnings per share. As a group, research analysts predict that World Acceptance Co. will post 13.34 earnings per share for the current year.

Insider Transactions at World Acceptance

In related news, insider Luke J. Umstetter sold 500 shares of World Acceptance stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $120.78, for a total value of $60,390.00. Following the transaction, the insider now directly owns 14,238 shares of the company’s stock, valued at $1,719,665.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 40.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

World Acceptance Company Profile

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.