Comerica Bank Cuts Stock Holdings in World Acceptance Co. (NASDAQ:WRLD)
Comerica Bank reduced its position in shares of World Acceptance Co. (NASDAQ:WRLD) by 10.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,234 shares of the credit services provider’s stock after selling 507 shares during the period. Comerica Bank owned 0.06% of World Acceptance worth $475,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC increased its stake in World Acceptance by 524.7% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 912 shares of the credit services provider’s stock worth $96,000 after buying an additional 766 shares in the last quarter. UBS Asset Management Americas Inc. purchased a new stake in World Acceptance during the 3rd quarter worth approximately $502,000. Nisa Investment Advisors LLC increased its stake in World Acceptance by 78.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,600 shares of the credit services provider’s stock worth $697,000 after buying an additional 2,900 shares in the last quarter. Jane Street Group LLC increased its stake in World Acceptance by 32.5% during the 3rd quarter. Jane Street Group LLC now owns 4,508 shares of the credit services provider’s stock worth $476,000 after buying an additional 1,106 shares in the last quarter. Finally, Louisiana State Employees Retirement System purchased a new stake in World Acceptance during the 3rd quarter worth approximately $222,000. Institutional investors own 94.50% of the company’s stock.
In related news, insider Daniel Clinton Dyer sold 2,785 shares of the company’s stock in a transaction that occurred on Thursday, January 14th. The stock was sold at an average price of $150.00, for a total value of $417,750.00. Following the transaction, the insider now directly owns 42,831 shares in the company, valued at $6,424,650. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Scott Mcintyre sold 259 shares of the company’s stock in a transaction that occurred on Friday, November 27th. The shares were sold at an average price of $117.56, for a total value of $30,448.04. Following the completion of the transaction, the senior vice president now owns 15,999 shares in the company, valued at $1,880,842.44. The disclosure for this sale can be found here. Insiders sold 47,419 shares of company stock worth $6,251,809 over the last quarter. 36.80% of the stock is currently owned by insiders.
WRLD stock opened at $124.23 on Tuesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 11.23 and a quick ratio of 11.23. The business has a 50 day simple moving average of $129.31 and a 200-day simple moving average of $108.07. The firm has a market capitalization of $845.39 million, a PE ratio of 23.84 and a beta of 1.79. World Acceptance Co. has a 1 year low of $43.16 and a 1 year high of $170.98.
World Acceptance (NASDAQ:WRLD) last posted its quarterly earnings results on Thursday, January 21st. The credit services provider reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $1.56. World Acceptance had a return on equity of 14.91% and a net margin of 6.53%. On average, equities research analysts expect that World Acceptance Co. will post 6.18 EPS for the current year.
World Acceptance Profile
World Acceptance Corporation, together with its subsidiaries, engages in small-loan consumer finance business. The company offers short-term small installment loans, medium-term larger installment loans, 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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