Prudential Financial Inc. Sells 3,116 Shares of World Acceptance Corp. (NASDAQ:WRLD)

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Prudential Financial Inc. cut its position in World Acceptance Corp. (NASDAQ:WRLD) by 22.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,557 shares of the credit services provider’s stock after selling 3,116 shares during the quarter. Prudential Financial Inc.’s holdings in World Acceptance were worth $1,733,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System grew its position in World Acceptance by 4.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 2,817 shares of the credit services provider’s stock valued at $462,000 after acquiring an additional 110 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of World Acceptance by 13.1% during the first quarter. Bank of Montreal Can now owns 960 shares of the credit services provider’s stock worth $113,000 after purchasing an additional 111 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of World Acceptance by 105.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 386 shares of the credit services provider’s stock worth $45,000 after purchasing an additional 198 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of World Acceptance by 5.9% during the first quarter. Janney Montgomery Scott LLC now owns 6,142 shares of the credit services provider’s stock worth $719,000 after purchasing an additional 340 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in shares of World Acceptance by 5.5% during the first quarter. Great West Life Assurance Co. Can now owns 9,263 shares of the credit services provider’s stock worth $1,081,000 after purchasing an additional 481 shares during the last quarter. 86.10% of the stock is owned by institutional investors and hedge funds.

WRLD has been the topic of several analyst reports. BidaskClub upgraded World Acceptance from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research cut World Acceptance from a “hold” rating to a “strong sell” rating in a report on Saturday, August 17th. Janney Montgomery Scott reiterated a “sell” rating and issued a $87.00 target price (down from $108.00) on shares of World Acceptance in a report on Thursday, July 25th. ValuEngine upgraded World Acceptance from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Finally, BMO Capital Markets dropped their price target on World Acceptance to $65.00 and set an “underperform” rating on the stock in a research note on Friday, July 26th. Three research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $102.67.

In related news, insider R Chad Prashad sold 5,500 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $140.01, for a total value of $770,055.00. Following the completion of the sale, the insider now directly owns 92,277 shares of the company’s stock, valued at approximately $12,919,702.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Alice Lindsay Caulder sold 672 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $128.90, for a total value of $86,620.80. Following the completion of the sale, the senior vice president now directly owns 21,245 shares of the company’s stock, valued at $2,738,480.50. The disclosure for this sale can be found here. Insiders have sold 10,865 shares of company stock worth $1,517,705 over the last ninety days. 30.00% of the stock is owned by insiders.

WRLD traded up $1.36 during trading on Thursday, hitting $141.95. The company’s stock had a trading volume of 6,056 shares, compared to its average volume of 152,329. The company has a quick ratio of 17.63, a current ratio of 17.63 and a debt-to-equity ratio of 0.81. World Acceptance Corp. has a twelve month low of $89.78 and a twelve month high of $175.78. The stock’s fifty day moving average price is $132.92 and its 200-day moving average price is $136.02. The firm has a market capitalization of $1.25 billion, a P/E ratio of 17.64 and a beta of 2.45.

World Acceptance (NASDAQ:WRLD) last issued its earnings results on Thursday, July 25th. The credit services provider reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $2.05 by ($1.08). World Acceptance had a return on equity of 11.94% and a net margin of 12.02%. The firm had revenue of $138.40 million for the quarter, compared to analyst estimates of $134.64 million. During the same period in the previous year, the company earned $1.69 earnings per share. World Acceptance’s revenue for the quarter was up 12.5% compared to the same quarter last year. Equities research analysts expect that World Acceptance Corp. will post 6.78 EPS for the current fiscal year.

About World Acceptance

World Acceptance Corporation engages in small-loan consumer finance business. The company offers short-term small and medium-term larger installment loans, as well as related credit insurance and ancillary products and services to individuals. It also provides automobile club memberships to its borrowers; and income tax return preparation and electronic filing services.

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Institutional Ownership by Quarter for World Acceptance (NASDAQ:WRLD)

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