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WRLD World Acceptance

Founded in 1962, Greenville, S.C. -based World Acceptance Corporation is one of North America's largest small-loan consumer finance companies. The company offers short and medium-term installment loans, related credit insurance and a range of ancillary financial products and services to individuals that may include those with limited access to other sources of consumer credit.

Company profile

Ticker
WRLD
Exchange
CEO
A. Alexander McLean
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
570425114

WRLD stock data

(
)

Calendar

2 Jun 21
3 Aug 21
31 Mar 22
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Mar 21 Mar 20 Mar 19 Mar 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
23 Jul 21 Prashad R Chad COMMON STOCK, NO PAR VALUE Sell Dispose S No Yes 184.5 2,489 459.22K 58,827
23 Jul 21 Prashad R Chad COMMON STOCK, NO PAR VALUE Option exercise Aquire M No Yes 79.57 600 47.74K 68,895
23 Jul 21 Prashad R Chad COMMON STOCK, NO PAR VALUE Option exercise Aquire M No Yes 79.57 600 47.74K 68,295
23 Jul 21 Prashad R Chad COMMON STOCK, NO PAR VALUE Option exercise Aquire M No Yes 79.57 600 47.74K 67,695
23 Jul 21 Prashad R Chad COMMON STOCK, NO PAR VALUE Option exercise Aquire M No Yes 79.57 600 47.74K 67,095
23 Jul 21 Prashad R Chad COMMON STOCK, NO PAR VALUE Option exercise Aquire M No Yes 79.57 89 7.08K 66,495
23 Jul 21 Prashad R Chad EMPLOYEE STOCK OPTION, RIGHT TO BUY COMMON STOCK, NO PAR VALUE Option exercise Dispose M No Yes 79.57 600 47.74K 0
23 Jul 21 Prashad R Chad EMPLOYEE STOCK OPTION, RIGHT TO BUY COMMON STOCK, NO PAR VALUE Option exercise Dispose M No Yes 79.57 600 47.74K 0
23 Jul 21 Prashad R Chad EMPLOYEE STOCK OPTION, RIGHT TO BUY COMMON STOCK, NO PAR VALUE Option exercise Dispose M No Yes 79.57 600 47.74K 0
23 Jul 21 Prashad R Chad EMPLOYEE STOCK OPTION, RIGHT TO BUY COMMON STOCK, NO PAR VALUE Option exercise Dispose M No Yes 79.57 600 47.74K 0

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

84.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 119 117 +1.7%
Opened positions 19 11 +72.7%
Closed positions 17 11 +54.5%
Increased positions 21 25 -16.0%
Reduced positions 57 52 +9.6%
13F shares
Current Prev Q Change
Total value 1.03B 824.39M +24.8%
Total shares 5.71M 6.01M -5.1%
Total puts 136.3K 8.2K +1562.2%
Total calls 18.1K 17.5K +3.4%
Total put/call ratio 7.5 0.5 +1507.1%
Largest owners
Shares Value Change
Prescott General Partners 2.04M $264.39M 0.0%
CAS Investment Partners 755.77K $98.07M +6.8%
BLK Blackrock 682.32K $88.54M +7.0%
Vanguard 472.05K $61.25M +0.1%
Dimensional Fund Advisors 296.06K $38.35M -11.9%
Kize Capital 204.79K $26.57M -3.0%
STT State Street 135.92K $17.64M +0.1%
NTRS Northern Trust 88.53K $11.49M -29.3%
Ingalls & Snyder 72.2K $9.37M 0.0%
Geode Capital Management 71.87K $9.33M +1.5%
Largest transactions
Shares Bought/sold Change
General Equity 0 -137.33K EXIT
AXAHF Axa 0 -82.37K EXIT
CAS Investment Partners 755.77K +48K +6.8%
BLK Blackrock 682.32K +44.93K +7.0%
Dimensional Fund Advisors 296.06K -39.87K -11.9%
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 69.39K -36.88K -34.7%
NTRS Northern Trust 88.53K -36.76K -29.3%
Renaissance Technologies 0 -28.6K EXIT
MS Morgan Stanley 17.46K -25.35K -59.2%
Smith Thomas W 70.65K -21.5K -23.3%

Financial report summary

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Risks
  • Employee misconduct or misconduct by third parties acting on our behalf could harm us by subjecting us to monetary loss, significant legal liability, regulatory scrutiny, and reputational harm.
  • Our risk management efforts may not be effective.
  • Interest rate fluctuations may adversely affect our borrowing costs, profitability and liquidity.
  • We are exposed to credit risk in our lending activities.
  • Our insurance operations are subject to a number of risks and uncertainties, including claims, catastrophic events, underwriting risks and dependence on a primary distribution channel.
  • If our estimates of credit losses are not adequate to absorb actual losses, our provision for credit losses would increase, which would adversely affect our results of operations.
  • The concentration of our revenues in certain states could adversely affect us.
  • We may be unable to execute our business strategy due to economic conditions.
  • Our ability to execute our growth strategy may be adversely affected.
  • We currently lack product and business diversification; as a result, our revenues and earnings may be disproportionately negatively impacted by external factors and may be more susceptible to fluctuations than more diversified companies.
  • A reduction in demand for our products and a failure by us to adapt to such reduction could adversely affect our business and results of operations.
  • We operate in a highly competitive market, and we cannot ensure that the competitive pressures we face will not have a material adverse effect on our results of operations, financial condition and liquidity.
  • We depend on secure information technology, and a breach of those systems or those of third-party vendors could result in significant losses, unauthorized disclosure of confidential customer information, and reputational damage, which could materially adversely affect our business, financial condition and/or results of operations, and could lead to significant financial and legal exposure.
  • Any interruption of our information systems could adversely affect us.
  • We may not be able to make technological improvements as quickly as some of our competitors, which could harm our ability to compete with our competitors and adversely affect our results of operations, financial condition, and liquidity.
  • We are subject to data privacy laws, which may significantly increase our compliance and technology costs resulting in a material adverse effect on our results of operations and financial condition.
  • We are also subject to the theft or misuse of physical customer and employee records at our facilities.
  • Our off-site data center and centralized IT functions are susceptible to disruption by catastrophic events, which could have a material adverse effect on our business, results of operations, and financial condition.
  • A small number of our shareholders have the ability to significantly influence matters requiring shareholder approval and such shareholders have interests which may conflict with the interests of our other security holders.
  • Initiating and processing potential acquisitions may be unsuccessful or difficult, leading to losses and increased delinquencies, which could have a material adverse effect on our results of operations.
  • We depend to a substantial extent on borrowings under our revolving credit agreement to fund our liquidity needs.
  • Our current debt and any additional debt we may incur in the future could negatively impact our business, prevent us from satisfying our debt obligations and adversely affect our financial condition.
  • We may not be able to generate sufficient cash flows to service our outstanding debt and fund operations and may be forced to take other actions to satisfy our obligations under such debt.
  • The terms of our debt limit how we conduct our business.
  • The conditions of the U.S. and international capital markets may adversely affect lenders with which we have relationships, causing us to incur additional costs and reducing our sources of liquidity, which may adversely affect our financial position, liquidity and results of operations.
  • Risks Related to Legal Proceedings and Regulation
  • Federal legislative or regulatory proposals, initiatives, actions, or changes that are adverse to our operations or result in adverse regulatory proceedings, or our failure to comply with existing or future federal laws and regulations, could force us to modify, suspend, or cease part or all of our nationwide operations.
  • Unfavorable state legislation, executive orders, or regulatory actions, adverse outcomes in litigation or regulatory proceedings or failure to comply with existing laws and regulations could force us to cease, suspend or modify our operations in a state, potentially resulting in a material adverse effect on our business, results of operations and financial condition.
  • We may be exposed to liabilities under the FCPA, and any determination that the Company or any of its subsidiaries has violated the FCPA could have a material adverse effect on our business and liquidity.
  • Our use of third-party vendors is subject to regulatory review.
  • We may experience significant turnover in our senior management, and our business may be adversely affected by the transitions in our senior management team.
  • The departure, transition, or replacement of key personnel could significantly impact the results of our operations. If we cannot continue to hire and retain high-quality employees, our business and financial results may be negatively affected.
  • Changes in federal, state and local tax law, interpretations of existing tax law, or adverse determinations by tax authorities, could increase our tax burden or otherwise adversely affect our financial condition or results of operations.
  • Damage to our reputation could negatively impact our business.
  • We have goodwill, which is subject to periodic review and testing for impairment.
  • If we fail to maintain appropriate controls and procedures, we may not be able to accurately report our financial results, which could have a material adverse effect on our operations, financial condition, and the trading price of our common stock.
  • Regular turnover among our managers and other employees at our branches makes it more difficult for us to operate our branches and increases our costs of operations, which could have an adverse effect on our business, results of operations and financial condition.
  • Absence of dividends could reduce our attractiveness to investors.
  • Various provisions of our charter documents and applicable laws could delay or prevent a change of control that shareholders may favor.
  • Overall stock market volatility may materially and adversely affect the market price of our common stock.
  • Changes to accounting rules, regulations or interpretations could significantly affect our financial results.
  • If assumptions or estimates we use in preparing our financial statements are incorrect or are required to change, our reported results of operations and financial condition may be adversely affected.
  • The future issuance of additional shares of our common stock in connection with potential acquisitions or otherwise will dilute all other shareholders.
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