Northern Trust Corp Acquires 7,622 Shares of World Acceptance Co. (NASDAQ:WRLD)

Northern Trust Corp boosted its holdings in World Acceptance Co. (NASDAQ:WRLD - Free Report) by 13.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,584 shares of the credit services provider's stock after purchasing an additional 7,622 shares during the period. Northern Trust Corp owned about 1.12% of World Acceptance worth $7,262,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS acquired a new position in shares of World Acceptance during the 4th quarter worth about $56,000. Amundi boosted its holdings in shares of World Acceptance by 195.7% in the 4th quarter. Amundi now owns 1,591 shares of the credit services provider's stock valued at $180,000 after buying an additional 1,053 shares during the last quarter. Wells Fargo & Company MN increased its holdings in World Acceptance by 48.8% during the fourth quarter. Wells Fargo & Company MN now owns 1,643 shares of the credit services provider's stock worth $185,000 after buying an additional 539 shares during the last quarter. XTX Topco Ltd bought a new stake in World Acceptance during the fourth quarter worth $302,000. Finally, Price T Rowe Associates Inc. MD grew its position in shares of World Acceptance by 22.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,909 shares of the credit services provider's stock valued at $328,000 after acquiring an additional 535 shares during the period. Institutional investors own 83.63% of the company's stock.

World Acceptance Stock Down 2.5%

WRLD opened at $148.46 on Tuesday. The stock's fifty day simple moving average is $129.47 and its 200 day simple moving average is $126.59. World Acceptance Co. has a 1-year low of $101.85 and a 1-year high of $161.63. The stock has a market cap of $853.20 million, a PE ratio of 10.37 and a beta of 1.29. The company has a current ratio of 22.46, a quick ratio of 22.46 and a debt-to-equity ratio of 1.31.

World Acceptance (NASDAQ:WRLD - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $8.13 EPS for the quarter, beating the consensus estimate of $6.42 by $1.71. The firm had revenue of $165.27 million for the quarter, compared to the consensus estimate of $154.52 million. World Acceptance had a net margin of 14.41% and a return on equity of 19.03%. As a group, research analysts expect that World Acceptance Co. will post 14 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded World Acceptance from a "buy" rating to a "strong-buy" rating in a report on Sunday.

World Acceptance Company 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.

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