Bank of New York Mellon Corp Increases Stake in World Acceptance Co. (NASDAQ:WRLD)

Bank of New York Mellon Corp raised its stake in shares of World Acceptance Co. (NASDAQ:WRLD - Free Report) by 10.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 32,681 shares of the credit services provider's stock after acquiring an additional 3,141 shares during the period. Bank of New York Mellon Corp owned approximately 0.57% of World Acceptance worth $3,675,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Principal Financial Group Inc. lifted its stake in World Acceptance by 1.1% during the 4th quarter. Principal Financial Group Inc. now owns 15,776 shares of the credit services provider's stock valued at $1,774,000 after acquiring an additional 176 shares during the period. Empowered Funds LLC lifted its stake in World Acceptance by 5.0% during the 4th quarter. Empowered Funds LLC now owns 22,497 shares of the credit services provider's stock valued at $2,530,000 after acquiring an additional 1,067 shares during the period. Exchange Traded Concepts LLC lifted its stake in World Acceptance by 6.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 11,521 shares of the credit services provider's stock valued at $1,295,000 after acquiring an additional 708 shares during the period. JPMorgan Chase & Co. lifted its stake in World Acceptance by 49.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,774 shares of the credit services provider's stock valued at $2,569,000 after acquiring an additional 7,223 shares during the period. Finally, Barclays PLC lifted its stake in World Acceptance by 282.9% during the 3rd quarter. Barclays PLC now owns 7,657 shares of the credit services provider's stock valued at $903,000 after acquiring an additional 5,657 shares during the period. Institutional investors own 83.63% of the company's stock.

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Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of World Acceptance from a "buy" rating to a "strong-buy" rating in a research note on Monday, January 13th.

Insider Transactions at World Acceptance

In related news, insider Luke J. Umstetter sold 600 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $150.00, for a total value of $90,000.00. Following the completion of the sale, the insider now directly owns 15,248 shares of the company's stock, valued at approximately $2,287,200. This represents a 3.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jason E. Childers sold 500 shares of the 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 completion of the sale, the senior vice president now directly owns 8,039 shares of the company's stock, valued at $1,154,239.62. This represents a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,188 shares of company stock worth $619,409 in the last quarter. Company insiders own 43.20% of the company's stock.

World Acceptance Stock Performance

Shares of NASDAQ:WRLD traded up $0.30 during trading on Friday, hitting $125.40. The company's stock had a trading volume of 47,990 shares, compared to its average volume of 28,472. The company has a 50-day moving average of $133.04 and a 200-day moving average of $122.19. World Acceptance Co. has a 12 month low of $101.85 and a 12 month high of $161.63. The company has a debt-to-equity ratio of 1.31, a current ratio of 22.46 and a quick ratio of 22.46. The firm has a market cap of $720.67 million, a price-to-earnings ratio of 8.76 and a beta of 1.48.

World Acceptance (NASDAQ:WRLD - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The credit services provider reported $2.45 earnings per share 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%. On average, sell-side analysts expect that World Acceptance Co. will post 14 earnings per share for the current year.

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.