Bank of New York Mellon Corp Has $16.56 Million Position in World Acceptance Corp. (WRLD)

Bank of New York Mellon Corp cut its stake in World Acceptance Corp. (NASDAQ:WRLD) by 2.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 161,949 shares of the credit services provider’s stock after selling 3,961 shares during the period. Bank of New York Mellon Corp owned about 1.64% of World Acceptance worth $16,561,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State of Alaska Department of Revenue raised its stake in shares of World Acceptance by 12.3% during the fourth quarter. State of Alaska Department of Revenue now owns 2,238 shares of the credit services provider’s stock valued at $228,000 after acquiring an additional 245 shares during the last quarter. Comerica Bank raised its stake in shares of World Acceptance by 7.9% during the fourth quarter. Comerica Bank now owns 6,480 shares of the credit services provider’s stock valued at $710,000 after acquiring an additional 477 shares during the last quarter. WINTON GROUP Ltd raised its stake in shares of World Acceptance by 17.0% during the fourth quarter. WINTON GROUP Ltd now owns 3,335 shares of the credit services provider’s stock valued at $341,000 after acquiring an additional 485 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of World Acceptance by 7.3% during the third quarter. Wells Fargo & Company MN now owns 8,881 shares of the credit services provider’s stock valued at $1,016,000 after acquiring an additional 608 shares during the last quarter. Finally, Teachers Advisors LLC raised its stake in World Acceptance by 5.6% in the third quarter. Teachers Advisors LLC now owns 12,002 shares of the credit services provider’s stock worth $1,373,000 after buying an additional 641 shares in the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

A number of research firms recently issued reports on WRLD. BidaskClub downgraded shares of World Acceptance from a “hold” rating to a “sell” rating in a research note on Friday, March 22nd. ValuEngine downgraded shares of World Acceptance from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. Zacks Investment Research cut shares of World Acceptance from a “hold” rating to a “sell” rating in a report on Sunday, January 6th. Finally, BMO Capital Markets cut their price target on shares of World Acceptance to $66.00 and set an “underperform” rating on the stock in a report on Friday, February 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $94.00.

NASDAQ WRLD traded down $2.80 on Wednesday, reaching $126.42. The company had a trading volume of 61,956 shares, compared to its average volume of 74,111. The company has a debt-to-equity ratio of 0.54, a quick ratio of 18.52 and a current ratio of 18.51. The company has a market cap of $1.24 billion, a P/E ratio of 16.40 and a beta of 2.52. World Acceptance Corp. has a 12 month low of $89.78 and a 12 month high of $129.35.

World Acceptance (NASDAQ:WRLD) last issued its quarterly earnings data on Thursday, January 31st. The credit services provider reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.58). The business had revenue of $137.64 million during the quarter, compared to analysts’ expectations of $130.16 million. World Acceptance had a return on equity of 12.73% and a net margin of 5.27%. As a group, analysts forecast that World Acceptance Corp. will post 7.48 EPS for the current fiscal year.

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World Acceptance Profile

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

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Institutional Ownership by Quarter for World Acceptance (NASDAQ:WRLD)

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