World Acceptance Co. (NASDAQ:WRLD) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its stake in World Acceptance Co. (NASDAQ:WRLD) by 10.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,681 shares of the credit services provider’s stock after buying an additional 3,141 shares during the period. Bank of New York Mellon Corp owned 0.57% of World Acceptance worth $3,675,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Quest Partners LLC raised its stake in shares of World Acceptance by 2.7% during the 3rd quarter. Quest Partners LLC now owns 3,519 shares of the credit services provider’s stock worth $415,000 after buying an additional 93 shares in the last quarter. FMR LLC boosted its position in shares of World Acceptance by 19.0% during 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. HighTower Advisors LLC grew 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 worth $211,000 after purchasing an additional 163 shares during the period. Principal Financial Group Inc. lifted its stake in shares of World Acceptance by 1.1% in the fourth quarter. Principal Financial Group Inc. now owns 15,776 shares of the credit services provider’s stock valued at $1,774,000 after purchasing an additional 176 shares during the period. Finally, Centiva Capital LP lifted its stake in shares of World Acceptance by 16.5% in the third quarter. Centiva Capital LP now owns 4,038 shares of the credit services provider’s stock valued at $476,000 after purchasing an additional 572 shares during the period. Institutional investors and hedge funds own 83.63% of the company’s stock.

Insider Activity at World Acceptance

In other news, insider Luke J. Umstetter sold 488 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $150.19, for a total transaction of $73,292.72. Following the completion of the sale, the insider now directly owns 14,760 shares of the company’s stock, valued at $2,216,804.40. The trade was a 3.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Scott Mcintyre sold 2,000 shares of the firm’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $150.22, for a total value of $300,440.00. Following the completion of the transaction, the senior vice president now owns 7,183 shares in the company, valued at approximately $1,079,030.26. This trade represents a 21.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,188 shares of company stock worth $619,409. 43.20% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, StockNews.com raised World Acceptance from a “buy” rating to a “strong-buy” rating in a research note on Monday, January 13th.

World Acceptance Stock Performance

Shares of NASDAQ WRLD opened at $121.75 on Wednesday. The company has a 50-day simple moving average of $132.24 and a 200-day simple moving average of $122.10. 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 company has a market cap of $699.70 million, a PE ratio of 8.50 and a beta of 1.48. World Acceptance Co. has a 12 month low of $101.85 and a 12 month high of $161.63.

World Acceptance (NASDAQ:WRLD) last released its earnings results on Tuesday, January 28th. The credit services provider reported $2.45 EPS for the quarter, beating the consensus estimate of $1.23 by $1.22. World Acceptance had a return on equity of 19.03% and a net margin of 14.41%. On average, equities analysts anticipate that World Acceptance Co. will post 14 earnings per share for the current year.

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.