Comerica Bank Has $283,000 Stake in World Acceptance Co. (NASDAQ:WRLD)

Comerica Bank raised its stake in World Acceptance Co. (NASDAQ:WRLD) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,513 shares of the credit services provider’s stock after buying an additional 93 shares during the quarter. Comerica Bank’s holdings in World Acceptance were worth $283,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WRLD. Norges Bank bought a new stake in shares of World Acceptance during the fourth quarter worth $1,878,000. Voleon Capital Management LP bought a new position in shares of World Acceptance in the 4th quarter valued at about $1,728,000. Proficio Capital Partners LLC bought a new stake in shares of World Acceptance during the 4th quarter worth about $1,504,000. Integrated Quantitative Investments LLC bought a new stake in shares of World Acceptance during the 4th quarter worth about $1,082,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of World Acceptance by 42.2% during the 4th quarter. JPMorgan Chase & Co. now owns 30,968 shares of the credit services provider’s stock worth $3,482,000 after buying an additional 9,194 shares during the period. 83.63% of the stock is currently owned by institutional investors.

World Acceptance Price Performance

Shares of NASDAQ:WRLD opened at $152.21 on Friday. The stock has a market capitalization of $874.75 million, a PE ratio of 10.63 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. The firm has a 50 day moving average of $128.91 and a 200-day moving average of $126.21. World Acceptance Co. has a 12 month low of $101.85 and a 12 month high of $161.63.

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

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of World Acceptance from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 10th.

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.