Charles Schwab Investment Management Inc. Has $4.94 Million Stock Position in World Acceptance Co. (NASDAQ:WRLD)

Charles Schwab Investment Management Inc. trimmed its holdings in shares of World Acceptance Co. (NASDAQ:WRLD) by 22.1% in the fourth quarter, according to the company in its most recent filing with the SEC. 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.’s holdings in World Acceptance were worth $4,944,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in WRLD. FMR LLC grew its holdings in shares of World Acceptance by 19.0% during the third quarter. FMR LLC now owns 822 shares of the credit services provider’s stock worth $97,000 after buying an additional 131 shares in the last quarter. HighTower Advisors LLC increased its holdings in World Acceptance by 10.0% during the third quarter. HighTower Advisors LLC now owns 1,791 shares of the credit services provider’s stock worth $211,000 after buying an additional 163 shares during the last quarter. Quantbot Technologies LP increased its stake 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 worth $236,000 after purchasing an additional 694 shares during the last quarter. ClearAlpha Technologies LP bought a new stake in World Acceptance in the third quarter valued at approximately $265,000. Finally, Intech Investment Management LLC bought a new stake in World Acceptance in the 3rd quarter valued at $275,000. Institutional investors own 83.63% of the company’s stock.

World Acceptance Price Performance

NASDAQ:WRLD opened at $128.25 on Wednesday. World Acceptance Co. has a 52 week low of $101.85 and a 52 week high of $161.63. The company has a debt-to-equity ratio of 1.31, a quick ratio of 22.46 and a current ratio of 22.46. The firm’s 50-day simple moving average is $133.67 and its 200 day simple moving average is $122.50. The firm has a market cap of $737.05 million, a price-to-earnings ratio of 8.96 and a beta of 1.48.

World Acceptance (NASDAQ:WRLD) last announced its earnings results on Tuesday, January 28th. The credit services provider reported $2.45 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%. As a group, sell-side analysts predict that World Acceptance Co. will post 14 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP Alice Lindsay Caulder sold 600 shares of the company’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 sale, the senior vice president now owns 8,524 shares of the company’s stock, valued at $1,191,740.44. This represents a 6.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Scott Mcintyre sold 2,000 shares of the firm’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $150.22, for a total transaction of $300,440.00. Following the completion of the transaction, the senior vice president now directly owns 7,183 shares in the company, valued at approximately $1,079,030.26. This represents a 21.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,188 shares of company stock worth $619,409 in the last 90 days. Company insiders own 43.20% of the company’s stock.

Wall Street Analyst Weigh In

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

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.