SG Americas Securities LLC Sells 1,149 Shares of World Acceptance Co. (NASDAQ:WRLD)

SG Americas Securities LLC decreased its holdings in World Acceptance Co. (NASDAQ:WRLD) by 23.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,709 shares of the credit services provider’s stock after selling 1,149 shares during the period. SG Americas Securities LLC owned about 0.06% of World Acceptance worth $417,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. AQR Capital Management LLC grew its position in World Acceptance by 38.0% during the second quarter. AQR Capital Management LLC now owns 40,475 shares of the credit services provider’s stock worth $5,002,000 after buying an additional 11,135 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of World Acceptance by 125.2% in the 2nd quarter. Millennium Management LLC now owns 22,184 shares of the credit services provider’s stock valued at $2,741,000 after purchasing an additional 12,333 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of World Acceptance by 49.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,774 shares of the credit services provider’s stock valued at $2,569,000 after purchasing an additional 7,223 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of World Acceptance by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 21,430 shares of the credit services provider’s stock valued at $2,528,000 after purchasing an additional 1,072 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in shares of World Acceptance by 27.4% in the 3rd quarter. GSA Capital Partners LLP now owns 11,663 shares of the credit services provider’s stock valued at $1,376,000 after purchasing an additional 2,511 shares in the last quarter. Institutional investors own 83.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Stephens assumed coverage on World Acceptance in a research note on Wednesday, November 13th. They issued an “equal weight” rating and a $10.00 price target for the company. StockNews.com raised World Acceptance from a “buy” rating to a “strong-buy” rating in a research report on Monday, January 13th.

Insider Activity

In other news, insider Luke J. Umstetter sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $150.00, for a total value of $90,000.00. Following the completion of the transaction, the insider now directly owns 15,248 shares of the company’s stock, valued at $2,287,200. This represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 43.20% of the stock is currently owned by company insiders.

World Acceptance Stock Performance

WRLD stock opened at $141.16 on Monday. The stock has a 50-day moving average price of $119.97 and a 200-day moving average price of $118.34. World Acceptance Co. has a 1-year low of $101.85 and a 1-year high of $161.63. The company has a current ratio of 22.46, a quick ratio of 19.53 and a debt-to-equity ratio of 1.31. The firm has a market cap of $811.67 million, a PE ratio of 9.86 and a beta of 1.44.

World Acceptance (NASDAQ:WRLD) last issued its earnings results on Tuesday, January 28th. The credit services provider reported $2.45 EPS for the quarter, beating the consensus estimate of $1.23 by $1.22. World Acceptance had a return on equity of 19.03% and a net margin of 14.41%. As a group, equities research analysts expect that World Acceptance Co. will post 13.61 earnings per share for the current year.

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.