Semanteon Capital Management LP Reduces Stock Holdings in World Acceptance Co. (NASDAQ:WRLD)

Semanteon Capital Management LP trimmed its holdings in shares of World Acceptance Co. (NASDAQ:WRLD) by 40.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,737 shares of the credit services provider’s stock after selling 1,177 shares during the quarter. Semanteon Capital Management LP’s holdings in World Acceptance were worth $205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Empowered Funds LLC boosted its stake in shares of World Acceptance by 47.8% in the first quarter. Empowered Funds LLC now owns 18,918 shares of the credit services provider’s stock worth $2,743,000 after buying an additional 6,116 shares during the last quarter. Quadrature Capital Ltd lifted its position in shares of World Acceptance by 89.5% in the first quarter. Quadrature Capital Ltd now owns 23,869 shares of the credit services provider’s stock valued at $3,455,000 after acquiring an additional 11,275 shares in the last quarter. Comerica Bank lifted its position in shares of World Acceptance by 63.1% in the first quarter. Comerica Bank now owns 2,562 shares of the credit services provider’s stock valued at $371,000 after acquiring an additional 991 shares in the last quarter. Millennium Management LLC lifted its position in shares of World Acceptance by 125.2% in the second quarter. Millennium Management LLC now owns 22,184 shares of the credit services provider’s stock valued at $2,741,000 after acquiring an additional 12,333 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its position in shares of World Acceptance by 2.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 3,770 shares of the credit services provider’s stock valued at $547,000 after acquiring an additional 93 shares in the last quarter. 83.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded World Acceptance from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 19th.

World Acceptance Price Performance

NASDAQ:WRLD opened at $117.89 on Tuesday. The stock has a 50 day moving average price of $116.22 and a 200 day moving average price of $123.56. The company has a debt-to-equity ratio of 1.21, a quick ratio of 17.02 and a current ratio of 19.53. The stock has a market cap of $689.66 million, a PE ratio of 8.01 and a beta of 1.39. World Acceptance Co. has a one year low of $95.00 and a one year high of $149.31.

World Acceptance (NASDAQ:WRLD) last posted its earnings results on Friday, July 26th. The credit services provider reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.10. The company had revenue of $129.53 million during the quarter, compared to analysts’ expectations of $141.00 million. World Acceptance had a return on equity of 20.05% and a net margin of 15.02%. During the same quarter last year, the firm earned $1.62 earnings per share. Equities research analysts expect that World Acceptance Co. will post 13.34 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Luke J. Umstetter sold 500 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $120.78, for a total transaction of $60,390.00. Following the completion of the transaction, the insider now directly owns 14,238 shares in the company, valued at $1,719,665.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 43.20% of the stock is owned by 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.