20,447 Shares in World Acceptance Corporation $WRLD Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp bought a new stake in shares of World Acceptance Corporation (NASDAQ:WRLD - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 20,447 shares of the credit services provider's stock, valued at approximately $4,577,000. Bank of New York Mellon Corp owned approximately 0.44% of World Acceptance at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. iSAM Funds UK Ltd purchased a new position in World Acceptance in the 3rd quarter valued at about $30,000. EverSource Wealth Advisors LLC lifted its stake in shares of World Acceptance by 102.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 255 shares of the credit services provider's stock valued at $34,000 after purchasing an additional 129 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of World Acceptance by 241.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 331 shares of the credit services provider's stock valued at $56,000 after buying an additional 234 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of World Acceptance by 103.2% during the second quarter. Tower Research Capital LLC TRC now owns 569 shares of the credit services provider's stock worth $94,000 after purchasing an additional 289 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in World Acceptance by 15.4% in the 2nd quarter. GAMMA Investing LLC now owns 548 shares of the credit services provider's stock worth $123,000 after buying an additional 73 shares in the last quarter. 83.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WRLD has been the topic of several research analyst reports. Wall Street Zen cut shares of World Acceptance from a "strong-buy" rating to a "buy" rating in a research report on Monday, August 10th. Weiss Ratings reissued a "hold (c)" rating on shares of World Acceptance in a research note on Wednesday, June 24th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of "Hold".

World Acceptance Stock Performance

Shares of WRLD stock opened at $190.54 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 13.49 and a quick ratio of 13.49. World Acceptance Corporation has a fifty-two week low of $110.00 and a fifty-two week high of $227.68. The stock's 50-day moving average is $193.20 and its two-hundred day moving average is $165.64. The firm has a market cap of $887.92 million, a P/E ratio of 22.52 and a beta of 1.14.

World Acceptance (NASDAQ:WRLD - Get Free Report) last released its quarterly earnings results on Friday, July 24th. The credit services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $1.54. The company had revenue of $127.79 million during the quarter, compared to the consensus estimate of $143.90 million. World Acceptance had a return on equity of 12.13% and a net margin of 6.71%.

Insider Buying and Selling at World Acceptance

In other news, insider Luke Umstetter sold 1,000 shares of the company's stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $181.66, for a total transaction of $181,660.00. Following the completion of the transaction, the insider owned 28,245 shares of the company's stock, valued at approximately $5,130,986.70. This represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jason Childers sold 2,000 shares of the company's stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $190.74, for a total value of $381,480.00. Following the completion of the transaction, the senior vice president owned 12,799 shares of the company's stock, valued at $2,441,281.26. The trade was a 13.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 142,505 shares of company stock valued at $26,860,290 in the last three months. Company insiders own 38.00% of the company's stock.

World Acceptance Company Profile

World Acceptance Corporation NASDAQ: WRLD is a consumer finance company headquartered in Greenville, South Carolina. Founded in 1972, the company provides credit solutions to underserved customers who may have limited access to traditional banking services. Over the decades, World Acceptance has built a reputation for tailored lending that emphasizes responsible underwriting and personalized customer service.

The company's core product offerings include short-term installment loans designed to meet the immediate financial needs of its clients.

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