JPMorgan Chase & Co. Boosts Stake in World Acceptance Co. (NASDAQ:WRLD)

JPMorgan Chase & Co. boosted its holdings in shares of World Acceptance Co. (NASDAQ:WRLD - Free Report) by 49.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,774 shares of the credit services provider's stock after purchasing an additional 7,223 shares during the period. JPMorgan Chase & Co. owned about 0.38% of World Acceptance worth $2,569,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of WRLD. Point72 DIFC Ltd bought a new position in shares of World Acceptance during the second quarter valued at approximately $47,000. FMR LLC raised its holdings in World Acceptance by 19.0% in the 3rd quarter. FMR LLC now owns 822 shares of the credit services provider's stock worth $97,000 after purchasing an additional 131 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of World Acceptance in the 2nd quarter worth about $140,000. HighTower Advisors LLC boosted its stake in shares of World Acceptance by 10.0% during the 3rd quarter. HighTower Advisors LLC now owns 1,791 shares of the credit services provider's stock valued at $211,000 after purchasing an additional 163 shares in the last quarter. Finally, Hancock Whitney Corp increased its position in shares of World Acceptance by 12.7% during the second quarter. Hancock Whitney Corp now owns 1,815 shares of the credit services provider's stock valued at $224,000 after buying an additional 205 shares during the period. Institutional investors own 83.63% of the company's stock.

World Acceptance Stock Up 1.4 %

NASDAQ:WRLD traded up $1.78 during mid-day trading on Tuesday, hitting $129.12. 26,656 shares of the company's stock were exchanged, compared to its average volume of 20,655. World Acceptance Co. has a one year low of $101.85 and a one year high of $149.31. The business has a fifty day moving average price of $116.91 and a 200 day moving average price of $118.17. The company has a market cap of $742.44 million, a PE ratio of 8.78 and a beta of 1.44. The company has a debt-to-equity ratio of 1.21, a current ratio of 19.53 and a quick ratio of 19.53.

Wall Street Analyst Weigh In

WRLD has been the topic of several research reports. StockNews.com raised World Acceptance from a "buy" rating to a "strong-buy" rating in a research report on Monday, January 13th. Stephens initiated coverage on World Acceptance in a report on Wednesday, November 13th. They issued an "equal weight" rating and a $10.00 price objective for the company.

Insider Buying and Selling at World Acceptance

In related news, insider Luke J. Umstetter sold 550 shares of World Acceptance stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $114.30, for a total value of $62,865.00. Following the completion of the sale, the insider now directly owns 11,370 shares in the company, valued at approximately $1,299,591. This trade represents a 4.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 43.20% of the stock is owned by company 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.