World Acceptance (NASDAQ:WRLD) Coverage Initiated at Stephens

Stephens started coverage on shares of World Acceptance (NASDAQ:WRLD) in a report released on Wednesday morning, Marketbeat Ratings reports. The brokerage issued an equal weight rating and a $10.00 price objective 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 report on Friday, July 19th.

World Acceptance Trading Down 1.2 %

Shares of NASDAQ:WRLD opened at $116.63 on Wednesday. World Acceptance has a twelve month low of $101.85 and a twelve month high of $149.31. The company has a current ratio of 19.53, a quick ratio of 19.53 and a debt-to-equity ratio of 1.21. The company has a 50 day moving average of $116.93 and a 200-day moving average of $122.07. The firm has a market cap of $670.62 million, a P/E ratio of 7.93 and a beta of 1.40.

Insider Activity at World Acceptance

In other World Acceptance news, insider Luke J. Umstetter sold 550 shares of the business’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 value of $62,865.00. Following the completion of the sale, the insider now directly owns 11,370 shares of the company’s stock, valued at $1,299,591. The trade was a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 43.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On World Acceptance

Several institutional investors and hedge funds have recently modified their holdings of WRLD. Barclays PLC increased its stake in shares of World Acceptance by 282.9% in the third quarter. Barclays PLC now owns 7,657 shares of the credit services provider’s stock worth $903,000 after purchasing an additional 5,657 shares during the period. Jane Street Group LLC increased its position in World Acceptance by 24.0% in the 3rd quarter. Jane Street Group LLC now owns 8,271 shares of the credit services provider’s stock worth $976,000 after buying an additional 1,601 shares during the period. HighTower Advisors LLC boosted its position in shares of World Acceptance by 10.0% in the third quarter. HighTower Advisors LLC now owns 1,791 shares of the credit services provider’s stock valued at $211,000 after acquiring an additional 163 shares during the period. Centiva Capital LP increased its position in World Acceptance by 16.5% during the third quarter. Centiva Capital LP now owns 4,038 shares of the credit services provider’s stock worth $476,000 after acquiring an additional 572 shares during the period. Finally, ClearAlpha Technologies LP acquired a new position in World Acceptance during the 3rd quarter valued at $265,000. Institutional investors and hedge funds own 83.63% 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.