World Acceptance (NASDAQ:WRLD) Research Coverage Started at Stephens

Stephens began coverage on shares of World Acceptance (NASDAQ:WRLD) in a research report released on Wednesday, Marketbeat.com reports. The brokerage issued an equal weight rating and a $10.00 target price on the credit services provider’s stock.

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

World Acceptance Stock Performance

Shares of WRLD stock opened at $116.63 on Wednesday. World Acceptance has a 1 year low of $101.85 and a 1 year high of $149.31. The company has a debt-to-equity ratio of 1.21, a quick ratio of 19.53 and a current ratio of 19.53. The stock has a fifty day moving average price of $116.93 and a 200 day moving average price of $122.07. The stock has a market cap of $670.62 million, a PE ratio of 7.93 and a beta of 1.40.

Insider Transactions at World Acceptance

In other news, insider Luke J. Umstetter sold 550 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $114.30, for a total transaction of $62,865.00. Following the completion of the sale, the insider now owns 11,370 shares of the company’s stock, valued at approximately $1,299,591. This trade represents a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 43.20% of the company’s stock.

Institutional Investors Weigh In On World Acceptance

Several large investors have recently added to or reduced their stakes in WRLD. Point72 DIFC Ltd bought a new position in shares of World Acceptance during the second quarter worth about $47,000. CWM LLC grew its position in World Acceptance by 122.4% in the 2nd quarter. CWM LLC now owns 585 shares of the credit services provider’s stock worth $72,000 after purchasing an additional 322 shares during the last quarter. FMR LLC increased its stake in shares of World Acceptance by 19.0% in the third quarter. FMR LLC now owns 822 shares of the credit services provider’s stock valued at $97,000 after purchasing an additional 131 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of World Acceptance during the second quarter valued at approximately $140,000. Finally, HighTower Advisors LLC raised its holdings in shares of World Acceptance by 10.0% during the third quarter. HighTower Advisors LLC now owns 1,791 shares of the credit services provider’s stock valued at $211,000 after buying an additional 163 shares during the last quarter. 83.63% of the stock is owned by institutional investors and hedge funds.

About World Acceptance

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