Ingalls & Snyder LLC trimmed its holdings in shares of World Acceptance Co. (NASDAQ:WRLD - Free Report) by 10.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,146 shares of the credit services provider's stock after selling 6,192 shares during the quarter. Ingalls & Snyder LLC owned approximately 0.92% of World Acceptance worth $5,976,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in WRLD. JPMorgan Chase & Co. raised its position in World Acceptance by 49.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,774 shares of the credit services provider's stock valued at $2,569,000 after purchasing an additional 7,223 shares in the last quarter. PDT Partners LLC acquired a new position in World Acceptance during the third quarter worth approximately $830,000. Barclays PLC increased its position in World Acceptance by 282.9% during the third quarter. Barclays PLC now owns 7,657 shares of the credit services provider's stock worth $903,000 after buying an additional 5,657 shares during the period. Royce & Associates LP purchased a new position in shares of World Acceptance in the 3rd quarter valued at approximately $627,000. Finally, Exchange Traded Concepts LLC grew its stake in shares of World Acceptance by 52.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 10,813 shares of the credit services provider's stock valued at $1,276,000 after purchasing an additional 3,721 shares during the last quarter. 83.63% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at World Acceptance
In other World Acceptance news, insider Luke J. Umstetter sold 600 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $150.00, for a total transaction of $90,000.00. Following the completion of the transaction, the insider now owns 15,248 shares in the company, valued at approximately $2,287,200. This represents a 3.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jason E. Childers sold 500 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $143.58, for a total transaction of $71,790.00. Following the sale, the senior vice president now owns 8,039 shares of the company's stock, valued at $1,154,239.62. This trade represents a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,700 shares of company stock worth $245,676 over the last three months. Corporate insiders own 43.20% of the company's stock.
World Acceptance Trading Up 1.4 %
WRLD stock traded up $2.16 during trading on Friday, reaching $152.25. 32,063 shares of the stock traded hands, compared to its average volume of 25,909. World Acceptance Co. has a 52-week low of $101.85 and a 52-week high of $161.63. The business's 50 day moving average price is $124.65 and its 200-day moving average price is $119.15. The company has a debt-to-equity ratio of 1.31, a current ratio of 22.46 and a quick ratio of 19.53. The firm has a market capitalization of $875.44 million, a PE ratio of 10.63 and a beta of 1.46.
World Acceptance (NASDAQ:WRLD - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The credit services provider reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $1.22. World Acceptance had a return on equity of 19.03% and a net margin of 14.41%. As a group, sell-side analysts forecast that World Acceptance Co. will post 14 earnings per share for the current year.
Analyst Ratings Changes
A number of analysts recently weighed in on WRLD shares. Stephens started coverage on World Acceptance in a research note on Wednesday, November 13th. They issued an "equal weight" rating and a $10.00 price target on the stock. StockNews.com upgraded World Acceptance from a "buy" rating to a "strong-buy" rating in a research note on Monday, January 13th.
View Our Latest Stock Report on World Acceptance
World Acceptance Company Profile
(
Free Report)
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.
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