Wells Fargo & Company MN Purchases 539 Shares of World Acceptance Co. (NASDAQ:WRLD)

Wells Fargo & Company MN lifted its position in shares of World Acceptance Co. (NASDAQ:WRLD) by 48.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,643 shares of the credit services provider’s stock after purchasing an additional 539 shares during the period. Wells Fargo & Company MN’s holdings in World Acceptance were worth $185,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. KLP Kapitalforvaltning AS purchased a new stake in World Acceptance in the 4th quarter worth approximately $56,000. Amundi increased its position in shares of World Acceptance by 195.7% during the fourth 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 period. ExodusPoint Capital Management LP raised its stake in World Acceptance by 63.1% in the fourth quarter. ExodusPoint Capital Management LP now owns 5,130 shares of the credit services provider’s stock worth $577,000 after buying an additional 1,985 shares in the last quarter. Barclays PLC lifted its holdings in World Acceptance by 282.9% in the third quarter. Barclays PLC now owns 7,657 shares of the credit services provider’s stock worth $903,000 after buying an additional 5,657 shares during the period. Finally, Royce & Associates LP boosted its position in World Acceptance by 60.7% during the 4th quarter. Royce & Associates LP now owns 8,535 shares of the credit services provider’s stock valued at $960,000 after acquiring an additional 3,223 shares in the last quarter. 83.63% of the stock is owned by institutional investors.

World Acceptance Stock Up 3.5 %

NASDAQ:WRLD opened at $137.27 on Friday. The firm has a market cap of $788.89 million, a P/E ratio of 9.59 and a beta of 1.29. The company has a debt-to-equity ratio of 1.31, a quick ratio of 22.46 and a current ratio of 22.46. World Acceptance Co. has a fifty-two week low of $101.85 and a fifty-two week high of $161.63. The firm has a 50-day simple moving average of $126.04 and a two-hundred day simple moving average of $124.93.

World Acceptance (NASDAQ:WRLD) last announced its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $8.13 earnings per share for the quarter, topping analysts’ consensus estimates of $6.42 by $1.71. The company had revenue of $165.27 million during the quarter, compared to analyst estimates of $154.52 million. World Acceptance had a net margin of 14.41% and a return on equity of 19.03%. Analysts predict that World Acceptance Co. will post 14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised World Acceptance from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 2nd.

Insider Buying and Selling at World Acceptance

In related news, SVP Jason E. Childers sold 500 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $143.58, for a total transaction of $71,790.00. Following the completion of the sale, the senior vice president now owns 8,039 shares in the company, valued at approximately $1,154,239.62. This represents a 5.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Scott Mcintyre sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $150.22, for a total transaction of $300,440.00. Following the completion of the transaction, the senior vice president now directly owns 7,183 shares in the company, valued at approximately $1,079,030.26. The trade was a 21.78 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,988 shares of company stock worth $445,523. Company insiders own 43.20% of the company’s stock.

About World Acceptance

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.