Principal Financial Group Inc. Sells 5,812 Shares of World Acceptance Co. (NASDAQ:WRLD)

Principal Financial Group Inc. trimmed its holdings in World Acceptance Co. (NASDAQ:WRLD) by 27.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 15,600 shares of the credit services provider’s stock after selling 5,812 shares during the quarter. Principal Financial Group Inc.’s holdings in World Acceptance were worth $1,840,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in WRLD. Point72 DIFC Ltd bought a new stake in World Acceptance in the 2nd quarter worth approximately $47,000. CWM LLC grew its stake in shares of 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 buying an additional 322 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of World Acceptance in the 2nd quarter worth about $140,000. Hancock Whitney Corp lifted its holdings in shares of 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 acquiring an additional 205 shares during the last quarter. Finally, BOKF NA purchased a new position in World Acceptance in the first quarter worth about $310,000. 83.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Luke J. Umstetter sold 550 shares of the company’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 of the company’s stock, valued at approximately $1,299,591. This represents a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 43.20% of the stock is currently owned by corporate insiders.

World Acceptance Trading Up 1.3 %

Shares of WRLD opened at $119.10 on Friday. World Acceptance Co. 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’s fifty day simple moving average is $117.41 and its 200-day simple moving average is $121.31. The company has a market cap of $684.83 million, a P/E ratio of 8.10 and a beta of 1.40.

Analyst Ratings Changes

Separately, Stephens began coverage on World Acceptance in a report on Wednesday, November 13th. They issued an “equal weight” rating and a $10.00 target price for the company.

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.