Bokf Na Increases Stock Position in World Acceptance Co. (NASDAQ:WRLD)

Bokf Na raised its stake in shares of World Acceptance Co. (NASDAQ:WRLD) by 37.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,076 shares of the credit services provider’s stock after purchasing an additional 845 shares during the period. Bokf Na owned 0.05% of World Acceptance worth $380,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. CWM LLC grew its holdings in World Acceptance by 122.4% during the 2nd quarter. CWM LLC now owns 585 shares of the credit services provider’s stock valued at $72,000 after buying an additional 322 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in World Acceptance during the first quarter worth $242,000. Price T Rowe Associates Inc. MD raised its stake in shares of World Acceptance by 4.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,329 shares of the credit services provider’s stock valued at $338,000 after acquiring an additional 107 shares during the period. Jump Financial LLC purchased a new stake in World Acceptance in the 4th quarter worth about $326,000. Finally, Comerica Bank raised its holdings in shares of World Acceptance by 63.1% in the first quarter. Comerica Bank now owns 2,562 shares of the credit services provider’s stock worth $371,000 after buying an additional 991 shares during the period. Hedge funds and other institutional investors own 83.63% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of World Acceptance from a “strong-buy” rating to a “buy” rating in a report on Friday, July 19th.

Insider Activity

In other World Acceptance news, insider Luke J. Umstetter sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $120.78, for a total value of $60,390.00. Following the completion of the sale, the insider now directly owns 14,238 shares in the company, valued at $1,719,665.64. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 40.90% of the company’s stock.

World Acceptance Stock Up 3.4 %

Shares of World Acceptance stock opened at $120.92 on Tuesday. The firm’s 50-day moving average is $119.97 and its two-hundred day moving average is $127.38. World Acceptance Co. has a 1 year low of $94.57 and a 1 year high of $149.31. The stock has a market cap of $706.78 million, a price-to-earnings ratio of 9.12 and a beta of 1.39. The company has a debt-to-equity ratio of 1.17, a current ratio of 17.02 and a quick ratio of 17.02.

World Acceptance (NASDAQ:WRLD) last issued its quarterly earnings data on Friday, July 26th. The credit services provider reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.10. The company had revenue of $129.53 million for the quarter, compared to analyst estimates of $141.00 million. World Acceptance had a net margin of 13.80% and a return on equity of 18.69%. During the same period last year, the company posted $1.62 earnings per share. As a group, research analysts expect that World Acceptance Co. will post 13.34 earnings per share for the current fiscal year.

World Acceptance Company Profile

World Acceptance Corporation engages in consumer finance business in the United States. 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 income tax return preparation and filing services; and automobile club memberships.