Proficio Capital Partners LLC Takes $1.50 Million Position in World Acceptance Co. (NASDAQ:WRLD)

Proficio Capital Partners LLC bought a new stake in World Acceptance Co. (NASDAQ:WRLD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,380 shares of the credit services provider’s stock, valued at approximately $1,504,000.

A number of other large investors also recently modified their holdings of WRLD. Bank of New York Mellon Corp lifted its holdings in World Acceptance by 10.6% during the fourth quarter. Bank of New York Mellon Corp now owns 32,681 shares of the credit services provider’s stock worth $3,675,000 after acquiring an additional 3,141 shares during the period. Empowered Funds LLC lifted its holdings in World Acceptance by 5.0% during the fourth quarter. Empowered Funds LLC now owns 22,497 shares of the credit services provider’s stock worth $2,530,000 after acquiring an additional 1,067 shares during the period. JPMorgan Chase & Co. lifted its holdings in World Acceptance by 49.6% during the third quarter. JPMorgan Chase & Co. now owns 21,774 shares of the credit services provider’s stock worth $2,569,000 after acquiring an additional 7,223 shares during the period. Principal Financial Group Inc. lifted its holdings in World Acceptance by 1.1% during the fourth quarter. Principal Financial Group Inc. now owns 15,776 shares of the credit services provider’s stock worth $1,774,000 after acquiring an additional 176 shares during the period. Finally, Exchange Traded Concepts LLC lifted its holdings in World Acceptance by 6.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 11,521 shares of the credit services provider’s stock worth $1,295,000 after acquiring an additional 708 shares during the period. Institutional investors own 83.63% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other World Acceptance news, insider Luke J. Umstetter sold 488 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $150.19, for a total value 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. This trade represents a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Scott Mcintyre sold 2,000 shares of World Acceptance stock in a transaction on Friday, February 14th. The shares were 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 of the company’s stock, 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. Insiders sold 4,188 shares of company stock valued at $619,409 over the last ninety days. 43.20% of the stock is currently owned by insiders.

World Acceptance Stock Performance

NASDAQ:WRLD opened at $125.10 on Friday. 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 business has a fifty day simple moving average of $132.73 and a two-hundred day simple moving average of $122.14. World Acceptance Co. has a 1 year low of $101.85 and a 1 year high of $161.63. The company has a market capitalization of $718.95 million, a P/E ratio of 8.74 and a beta of 1.48.

World Acceptance (NASDAQ:WRLD) last released its earnings results on Tuesday, January 28th. The credit services provider reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, analysts expect that World Acceptance Co. will post 14 earnings per share for the current year.

World Acceptance 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.