World Acceptance Co. (NASDAQ:WRLD) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its stake in shares of World Acceptance Co. (NASDAQ:WRLD) by 22.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,969 shares of the credit services provider’s stock after selling 12,493 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.76% of World Acceptance worth $4,944,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. FMR LLC boosted its stake in World Acceptance by 19.0% during the third quarter. FMR LLC now owns 822 shares of the credit services provider’s stock valued at $97,000 after buying an additional 131 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of World Acceptance by 10.0% in the third quarter. HighTower Advisors LLC now owns 1,791 shares of the credit services provider’s stock worth $211,000 after purchasing an additional 163 shares in the last quarter. Quantbot Technologies LP grew its holdings in shares of World Acceptance by 53.3% during the 3rd quarter. Quantbot Technologies LP now owns 1,997 shares of the credit services provider’s stock valued at $236,000 after acquiring an additional 694 shares in the last quarter. ClearAlpha Technologies LP purchased a new position in World Acceptance in the third quarter valued at about $265,000. Finally, Intech Investment Management LLC bought a new stake in shares of World Acceptance in the 3rd quarter valued at approximately $275,000. 83.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded World Acceptance from a “buy” rating to a “strong-buy” rating in a report on Monday, January 13th.

World Acceptance Price Performance

NASDAQ WRLD opened at $128.25 on Wednesday. The stock has a market capitalization of $737.05 million, a PE ratio of 8.96 and a beta of 1.48. The stock has a 50-day simple moving average of $133.67 and a 200 day simple moving average of $122.50. The company has a debt-to-equity ratio of 1.31, a quick ratio of 22.46 and a current ratio of 22.46. World Acceptance Co. has a twelve month low of $101.85 and a twelve month high of $161.63.

World Acceptance (NASDAQ:WRLD) last posted its quarterly earnings results on Tuesday, January 28th. The credit services provider reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $1.22. World Acceptance had a net margin of 14.41% and a return on equity of 19.03%. Research analysts anticipate that World Acceptance Co. will post 14 EPS for the current year.

Insider Buying and Selling

In other World Acceptance news, SVP Alice Lindsay Caulder sold 600 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $139.81, for a total transaction of $83,886.00. Following the completion of the transaction, the senior vice president now owns 8,524 shares in the company, valued at $1,191,740.44. This trade represents a 6.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Jason E. Childers sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $143.58, for a total value of $71,790.00. Following the completion of the sale, the senior vice president now owns 8,039 shares in the company, valued at approximately $1,154,239.62. This represents a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,188 shares of company stock valued at $619,409 over the last ninety days. 43.20% of the stock is owned by company insiders.

World Acceptance 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.