Victory Capital Management Inc. Takes $238,000 Position in World Acceptance Co. (NASDAQ:WRLD)

Victory Capital Management Inc. bought a new stake in shares of World Acceptance Co. (NASDAQ:WRLD) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,836 shares of the credit services provider’s stock, valued at approximately $238,000.

Other institutional investors have also made changes to their positions in the company. Vantage Consulting Group Inc acquired a new stake in shares of World Acceptance during the fourth quarter valued at about $25,000. KBC Group NV acquired a new stake in shares of World Acceptance during the first quarter valued at about $75,000. Louisiana State Employees Retirement System acquired a new stake in shares of World Acceptance during the first quarter valued at about $234,000. SG Americas Securities LLC acquired a new stake in shares of World Acceptance during the fourth quarter valued at about $282,000. Finally, Citigroup Inc. grew its stake in shares of World Acceptance by 21.0% during the fourth quarter. Citigroup Inc. now owns 3,587 shares of the credit services provider’s stock valued at $367,000 after acquiring an additional 623 shares in the last quarter. Institutional investors own 83.95% of the company’s stock.

Shares of WRLD stock opened at $157.03 on Friday. The company has a quick ratio of 20.05, a current ratio of 14.24 and a debt-to-equity ratio of 1.00. World Acceptance Co. has a one year low of $60.95 and a one year high of $170.98. The stock’s 50-day moving average is $141.51. The company has a market capitalization of $1.06 billion, a PE ratio of 11.71 and a beta of 1.60.

World Acceptance (NASDAQ:WRLD) last issued its quarterly earnings results on Wednesday, May 5th. The credit services provider reported $6.96 EPS for the quarter, topping the consensus estimate of $5.09 by $1.87. World Acceptance had a net margin of 16.80% and a return on equity of 23.20%. The business had revenue of $146.28 million for the quarter, compared to analysts’ expectations of $153.21 million. On average, equities research analysts expect that World Acceptance Co. will post 8.31 earnings per share for the current fiscal year.

Several analysts have recently weighed in on WRLD shares. Jefferies Financial Group reaffirmed a “sell” rating and set a $57.00 price target on shares of World Acceptance in a research report on Tuesday, April 13th. Zacks Investment Research cut shares of World Acceptance from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 6th.

World Acceptance Company Profile

World Acceptance Corporation, together with its subsidiaries, engages in small-loan consumer finance business. The company offers short-term small installment loans, medium-term larger installment loans, 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.

Read More: Why do analysts give a neutral rating?

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

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