Shell Asset Management Co. cut its stake in World Acceptance Co. (NASDAQ:WRLD – Get Rating) by 20.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,400 shares of the credit services provider's stock after selling 889 shares during the period. Shell Asset Management Co. owned approximately 0.05% of World Acceptance worth $329,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in World Acceptance by 127.8% in the first quarter. JPMorgan Chase & Co. now owns 7,439 shares of the credit services provider's stock valued at $1,428,000 after buying an additional 4,173 shares during the period. American Century Companies Inc. increased its stake in shares of World Acceptance by 20.1% in the first quarter. American Century Companies Inc. now owns 10,709 shares of the credit services provider's stock worth $2,054,000 after buying an additional 1,791 shares during the last quarter. MetLife Investment Management LLC increased its stake in shares of World Acceptance by 57.0% in the first quarter. MetLife Investment Management LLC now owns 2,385 shares of the credit services provider's stock worth $458,000 after buying an additional 866 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of World Acceptance by 11.4% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,555 shares of the credit services provider's stock worth $682,000 after buying an additional 365 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new stake in shares of World Acceptance in the first quarter worth $229,000. 88.54% of the stock is owned by institutional investors and hedge funds.Get World Acceptance alerts:
Wall Street Analyst Weigh In
Separately, BMO Capital Markets dropped their price target on shares of World Acceptance from $46.00 to $32.00 and set an "underperform" rating for the company in a research note on Friday, January 27th.
World Acceptance Stock Down 1.0 %
Shares of NASDAQ:WRLD opened at $93.85 on Friday. The company has a current ratio of 20.53, a quick ratio of 20.53 and a debt-to-equity ratio of 2.01. The company has a fifty day simple moving average of $83.26 and a 200 day simple moving average of $91.54. The firm has a market cap of $584.69 million, a PE ratio of 43.05 and a beta of 1.30. World Acceptance Co. has a 12-month low of $58.44 and a 12-month high of $209.88.
Insiders Place Their Bets
In other World Acceptance news, Director Ken R. Bramlett, Jr. sold 3,000 shares of World Acceptance stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $97.00, for a total value of $291,000.00. Following the completion of the transaction, the director now owns 32,519 shares of the company's stock, valued at $3,154,343. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 41.00% of the stock is currently owned by corporate insiders.
World Acceptance Profile
World Acceptance Corp. engages in the small-loan consumer finance business. It offers short-term small instalment, medium-term larger loans, related credit insurance, ancillary products and services to individuals. The firm also offers income tax return preparation services to customers. The company also markets computer software and related services to financial services companies through its subsidiary, ParaData Financial Systems.
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