UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stake in World Acceptance Co. (NASDAQ:WRLD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in World Acceptance Co. (NASDAQ:WRLD) by 19.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,741 shares of the credit services provider’s stock after selling 675 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in World Acceptance were worth $323,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Quest Partners LLC raised its holdings in World Acceptance by 2.7% during the third quarter. Quest Partners LLC now owns 3,519 shares of the credit services provider’s stock worth $415,000 after purchasing an additional 93 shares in the last quarter. FMR LLC grew its position in shares of World Acceptance by 19.0% in the 3rd quarter. FMR LLC now owns 822 shares of the credit services provider’s stock valued at $97,000 after buying an additional 131 shares during the last quarter. Hancock Whitney Corp raised its stake in World Acceptance by 12.7% during the 2nd quarter. Hancock Whitney Corp now owns 1,815 shares of the credit services provider’s stock worth $224,000 after acquiring an additional 205 shares in the last quarter. Public Sector Pension Investment Board increased its position in shares of World Acceptance by 4.8% during the second quarter. Public Sector Pension Investment Board now owns 7,395 shares of the credit services provider’s stock worth $914,000 after purchasing an additional 340 shares in the last quarter. Finally, Inspire Investing LLC lifted its holdings in shares of World Acceptance by 13.9% in the 2nd quarter. Inspire Investing LLC now owns 2,844 shares of the credit services provider’s stock valued at $351,000 after purchasing an additional 348 shares during the last quarter. Hedge funds and other institutional investors own 83.63% of the company’s stock.

Analyst Ratings Changes

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

World Acceptance Stock Down 1.1 %

Shares of NASDAQ:WRLD opened at $108.04 on Friday. The company has a market cap of $621.23 million, a price-to-earnings ratio of 7.34 and a beta of 1.42. World Acceptance Co. has a fifty-two week low of $101.85 and a fifty-two week high of $149.31. The firm’s 50-day simple moving average is $118.14 and its 200-day simple moving average is $119.57. The company has a quick ratio of 19.53, a current ratio of 19.53 and a debt-to-equity ratio of 1.21.

Insider Activity at World Acceptance

In other World Acceptance news, insider Luke J. Umstetter sold 550 shares of World Acceptance stock in a transaction dated 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 transaction, the insider now owns 11,370 shares in the company, valued at approximately $1,299,591. The trade was a 4.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 43.20% of the company’s stock.

World Acceptance Company Profile

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.