Shell Asset Management Co. decreased its position in shares of World Acceptance Corp. (NASDAQ:WRLD) by 48.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,624 shares of the credit services provider’s stock after selling 6,120 shares during the period. Shell Asset Management Co.’s holdings in World Acceptance were worth $758,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. boosted its position in shares of World Acceptance by 4.9% during the 3rd quarter. BlackRock Inc. now owns 911,759 shares of the credit services provider’s stock worth $104,269,000 after acquiring an additional 42,654 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of World Acceptance by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 645,269 shares of the credit services provider’s stock worth $71,633,000 after acquiring an additional 1,712 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of World Acceptance by 4.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 165,910 shares of the credit services provider’s stock worth $18,973,000 after acquiring an additional 7,531 shares in the last quarter. Northern Trust Corp boosted its position in shares of World Acceptance by 6.9% during the 2nd quarter. Northern Trust Corp now owns 157,229 shares of the credit services provider’s stock worth $17,455,000 after acquiring an additional 10,211 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of World Acceptance by 43.6% during the 2nd quarter. Renaissance Technologies LLC now owns 143,525 shares of the credit services provider’s stock worth $15,933,000 after acquiring an additional 43,600 shares in the last quarter. Institutional investors and hedge funds own 85.03% of the company’s stock.

Several brokerages recently commented on WRLD. Zacks Investment Research raised shares of World Acceptance from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a research note on Tuesday, November 6th. BidaskClub downgraded shares of World Acceptance from a “hold” rating to a “sell” rating in a research note on Friday. TheStreet raised shares of World Acceptance from a “c” rating to a “b-” rating in a research note on Wednesday, August 15th. Finally, BMO Capital Markets increased their price objective on shares of World Acceptance from $79.00 to $82.00 and gave the company an “underperform” rating in a research note on Monday, November 5th. Three investment analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. World Acceptance presently has an average rating of “Hold” and an average price target of $89.67.

Shares of NASDAQ:WRLD opened at $101.38 on Friday. The company has a market capitalization of $990.98 million, a P/E ratio of 13.15 and a beta of 2.82. The company has a quick ratio of 17.26, a current ratio of 17.26 and a debt-to-equity ratio of 0.41. World Acceptance Corp. has a one year low of $75.02 and a one year high of $125.14.

World Acceptance (NASDAQ:WRLD) last issued its quarterly earnings data on Thursday, November 1st. The credit services provider reported $1.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.10. The business had revenue of $127.10 million during the quarter, compared to the consensus estimate of $123.30 million. World Acceptance had a net margin of 4.43% and a return on equity of 14.37%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.10 EPS. On average, research analysts forecast that World Acceptance Corp. will post 8.16 earnings per share 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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