Northern Trust Corp lifted its position in shares of World Acceptance Co. (NASDAQ:WRLD - Free Report) by 13.4% during 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 SEC filing.
Other large investors have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS acquired a new position in shares of World Acceptance in the 4th quarter valued at approximately $56,000. Amundi raised its holdings in World Acceptance by 195.7% in the fourth quarter. Amundi now owns 1,591 shares of the credit services provider's stock valued at $180,000 after acquiring an additional 1,053 shares in the last quarter. Wells Fargo & Company MN boosted its stake in World Acceptance by 48.8% during the 4th quarter. Wells Fargo & Company MN now owns 1,643 shares of the credit services provider's stock valued at $185,000 after acquiring an additional 539 shares during the last quarter. XTX Topco Ltd acquired a new position in World Acceptance during the 4th quarter worth $302,000. Finally, Price T Rowe Associates Inc. MD increased 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 worth $328,000 after purchasing an additional 535 shares during the last quarter. 83.63% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised shares of World Acceptance from a "buy" rating to a "strong-buy" rating in a research report on Sunday, May 18th.
Get Our Latest Stock Analysis on WRLD
World Acceptance Stock Performance
Shares of WRLD traded up $0.66 during mid-day trading on Friday, hitting $143.45. The stock had a trading volume of 25,057 shares, compared to its average volume of 29,190. World Acceptance Co. has a fifty-two week low of $101.85 and a fifty-two week high of $161.63. The company has a quick ratio of 22.46, a current ratio of 22.46 and a debt-to-equity ratio of 1.31. The company has a market cap of $824.41 million, a PE ratio of 10.02 and a beta of 1.29. The company's fifty day simple moving average is $131.36 and its two-hundred day simple moving average is $127.30.
World Acceptance (NASDAQ:WRLD - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $8.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.42 by $1.71. World Acceptance had a return on equity of 19.03% and a net margin of 14.41%. The firm had revenue of $165.27 million for the quarter, compared to analysts' expectations of $154.52 million. On average, equities analysts expect that World Acceptance Co. will post 14 earnings per share for the current year.
Insiders Place Their Bets
In other World Acceptance news, SVP Alice Lindsay Caulder sold 1,010 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $150.00, for a total value of $151,500.00. Following the sale, the senior vice president now directly owns 10,315 shares of the company's stock, valued at $1,547,250. This trade represents a 8.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 43.20% of the stock is currently owned by corporate insiders.
About World Acceptance
(
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.
See Also
Before you consider World Acceptance, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and World Acceptance wasn't on the list.
While World Acceptance currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
