JPMorgan Chase & Co. Buys 9,194 Shares of World Acceptance Co. (NASDAQ:WRLD)

JPMorgan Chase & Co. raised its position in World Acceptance Co. (NASDAQ:WRLD) by 42.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 30,968 shares of the credit services provider’s stock after purchasing an additional 9,194 shares during the period. JPMorgan Chase & Co.’s holdings in World Acceptance were worth $3,482,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS bought a new stake in World Acceptance in the fourth quarter valued at $56,000. FMR LLC grew its stake in shares of World Acceptance by 19.0% in the 3rd quarter. FMR LLC now owns 822 shares of the credit services provider’s stock valued at $97,000 after buying an additional 131 shares during the period. Amundi increased its position in World Acceptance by 195.7% in the 4th 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 in the last quarter. HighTower Advisors LLC boosted its holdings in World Acceptance by 10.0% in the third quarter. HighTower Advisors LLC now owns 1,791 shares of the credit services provider’s stock worth $211,000 after acquiring an additional 163 shares in the last quarter. Finally, Barclays PLC grew its stake in World Acceptance by 282.9% in the third quarter. Barclays PLC now owns 7,657 shares of the credit services provider’s stock valued at $903,000 after acquiring an additional 5,657 shares during the period. 83.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut World Acceptance from a “strong-buy” rating to a “buy” rating in a report on Monday, April 14th.

World Acceptance Trading Down 1.2 %

NASDAQ:WRLD opened at $123.40 on Tuesday. World Acceptance Co. has a one year low of $101.85 and a one year high of $161.63. The company has a market cap of $709.18 million, a PE ratio of 8.62 and a beta of 1.35. 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 firm has a 50-day moving average of $128.10 and a 200-day moving average of $123.43.

World Acceptance (NASDAQ:WRLD) last issued its quarterly earnings data on Tuesday, January 28th. The credit services provider reported $2.45 EPS for the quarter, topping 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%. As a group, equities research analysts expect that World Acceptance Co. will post 14 EPS for the current fiscal year.

Insider Transactions at World Acceptance

In other World Acceptance news, insider Luke J. Umstetter sold 488 shares of the stock in a transaction dated Thursday, February 13th. The shares were 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 owns 14,760 shares in the company, valued at approximately $2,216,804.40. This trade represents a 3.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Alice Lindsay Caulder sold 600 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $139.81, for a total value of $83,886.00. Following the completion of the transaction, the senior vice president now owns 8,524 shares in the company, valued at $1,191,740.44. The trade was a 6.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,188 shares of company stock worth $619,409 in the last quarter. 43.20% of the stock is currently owned by corporate insiders.

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.