World Acceptance (NASDAQ:WRLD) Upgraded by StockNews.com to “Strong-Buy” Rating

StockNews.com upgraded shares of World Acceptance (NASDAQ:WRLD) from a buy rating to a strong-buy rating in a research report released on Monday morning.

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 target price for the company.

World Acceptance Stock Up 2.7 %

Shares of World Acceptance stock opened at $112.56 on Monday. The company has a quick ratio of 19.53, a current ratio of 19.53 and a debt-to-equity ratio of 1.21. World Acceptance has a 52-week low of $101.85 and a 52-week high of $149.31. The company has a market capitalization of $647.22 million, a P/E ratio of 7.65 and a beta of 1.44. The company has a 50 day moving average of $116.71 and a 200 day moving average of $118.23.

Insiders Place Their Bets

In related news, insider Luke J. Umstetter sold 550 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $114.30, for a total transaction of $62,865.00. Following the transaction, the insider now owns 11,370 shares in the company, valued at $1,299,591. This trade represents a 4.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 43.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On World Acceptance

Several large investors have recently modified their holdings of WRLD. Point72 DIFC Ltd purchased a new position in shares of World Acceptance in the 2nd quarter valued at approximately $47,000. FMR LLC raised its stake in shares of World Acceptance by 19.0% during the third quarter. FMR LLC now owns 822 shares of the credit services provider’s stock worth $97,000 after purchasing an additional 131 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of World Acceptance during the second quarter worth $140,000. HighTower Advisors LLC grew its position in World Acceptance by 10.0% in the 3rd 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 stake in World Acceptance by 12.7% in the 2nd 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 period. 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.