New York State Teachers Retirement System Purchases 229 Shares of World Acceptance Co. (NASDAQ:WRLD)

New York State Teachers Retirement System raised its position in shares of World Acceptance Co. (NASDAQ:WRLD) by 3.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,223 shares of the credit services provider’s stock after purchasing an additional 229 shares during the quarter. New York State Teachers Retirement System’s holdings in World Acceptance were worth $943,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of WRLD. JPMorgan Chase & Co. increased its stake in World Acceptance by 127.8% during the 1st quarter. JPMorgan Chase & Co. now owns 7,439 shares of the credit services provider’s stock valued at $1,428,000 after purchasing an additional 4,173 shares in the last quarter. American Century Companies Inc. grew its stake in shares of World Acceptance by 20.1% in the first quarter. American Century Companies Inc. now owns 10,709 shares of the credit services provider’s stock worth $2,054,000 after acquiring an additional 1,791 shares during the period. MetLife Investment Management LLC grew its stake in shares of World Acceptance by 57.0% in the first quarter. MetLife Investment Management LLC now owns 2,385 shares of the credit services provider’s stock worth $458,000 after acquiring an additional 866 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of World Acceptance by 11.4% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,555 shares of the credit services provider’s stock worth $682,000 after acquiring an additional 365 shares during the period. Finally, Hsbc Holdings PLC bought a new stake in shares of World Acceptance in the first quarter worth approximately $229,000. 83.63% of the stock is currently owned by institutional investors.

World Acceptance Stock Performance

Shares of WRLD stock opened at $132.33 on Friday. The company has a 50 day moving average price of $132.30 and a 200-day moving average price of $125.56. World Acceptance Co. has a 52 week low of $81.76 and a 52 week high of $160.07. The firm has a market capitalization of $804.57 million, a PE ratio of 11.47 and a beta of 1.43. The company has a quick ratio of 20.46, a current ratio of 20.46 and a debt-to-equity ratio of 1.44.

World Acceptance (NASDAQ:WRLD) last announced its quarterly earnings results on Friday, January 19th. The credit services provider reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $1.22. World Acceptance had a net margin of 11.82% and a return on equity of 13.47%. The firm had revenue of $137.75 million during the quarter, compared to analyst estimates of $134.95 million. During the same period in the previous year, the business posted $0.78 earnings per share. As a group, equities research analysts expect that World Acceptance Co. will post 11.49 earnings per share for the current year.

Insider Transactions at World Acceptance

In other news, insider Luke J. Umstetter sold 400 shares of World Acceptance stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $131.41, for a total value of $52,564.00. Following the completion of the sale, the insider now directly owns 15,188 shares in the company, valued at $1,995,855.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 40.90% of the company’s stock.

World Acceptance Company Profile

World Acceptance Corporation engages in consumer finance business in the United States. The company offers short-term small installment loans, medium-term larger installment loans, related credit insurance, and ancillary products and services to individuals. It also provides income tax return preparation and filing services; and automobile club memberships.