Geode Capital Management LLC Reduces Stake in World Acceptance Co. (NASDAQ:WRLD)

Geode Capital Management LLC lowered its position in World Acceptance Co. (NASDAQ:WRLD) by 5.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 79,620 shares of the credit services provider’s stock after selling 4,362 shares during the quarter. Geode Capital Management LLC’s holdings in World Acceptance were worth $9,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of WRLD. Point72 DIFC Ltd purchased a new position in World Acceptance in the second quarter worth about $47,000. FMR LLC boosted its holdings 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 worth $97,000 after buying an additional 131 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in World Acceptance during the second quarter valued at approximately $140,000. HighTower Advisors LLC increased its holdings in 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. Finally, Hancock Whitney Corp increased its holdings in World Acceptance by 12.7% during the second quarter. Hancock Whitney Corp now owns 1,815 shares of the credit services provider’s stock valued at $224,000 after buying an additional 205 shares during the last quarter. Hedge funds and other institutional investors own 83.63% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Stephens started coverage on shares of World Acceptance in a research note on Wednesday, November 13th. They set an “equal weight” rating and a $10.00 price target on the stock.

Insider Activity

In other World Acceptance 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 sale, the insider now owns 11,370 shares in the company, valued at approximately $1,299,591. This trade represents a 4.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 43.20% of the company’s stock.

World Acceptance Stock Performance

NASDAQ:WRLD opened at $112.44 on Thursday. 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 50-day simple moving average of $117.19 and a two-hundred day simple moving average of $118.72. The firm has a market capitalization of $646.53 million, a PE ratio of 7.64 and a beta of 1.42. World Acceptance Co. has a 52-week low of $101.85 and a 52-week high of $149.31.

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.