World Acceptance Co. (NASDAQ:WRLD) Stock Position Decreased by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its stake in World Acceptance Co. (NASDAQ:WRLD) by 27.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of WRLD. Quest Partners LLC increased its position in shares of World Acceptance by 65.4% in the second quarter. Quest Partners LLC now owns 3,426 shares of the credit services provider’s stock worth $423,000 after acquiring an additional 1,355 shares in the last quarter. Texas Permanent School Fund Corp boosted its stake in World Acceptance by 28.8% in the 2nd quarter. Texas Permanent School Fund Corp now owns 3,785 shares of the credit services provider’s stock worth $468,000 after purchasing an additional 846 shares during the period. American Century Companies Inc. grew its position in World Acceptance by 107.2% during the 2nd quarter. American Century Companies Inc. now owns 39,580 shares of the credit services provider’s stock worth $4,891,000 after purchasing an additional 20,475 shares in the last quarter. BOKF NA raised its stake in World Acceptance by 37.9% during the 2nd quarter. BOKF NA now owns 3,076 shares of the credit services provider’s stock valued at $380,000 after purchasing an additional 845 shares during the period. Finally, WINTON GROUP Ltd purchased a new stake in shares of World Acceptance in the second quarter valued at $815,000. 83.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Transactions at World Acceptance

In other World Acceptance news, insider Luke J. Umstetter sold 550 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $114.30, for a total value of $62,865.00. Following the transaction, the insider now owns 11,370 shares in the company, valued at $1,299,591. The trade was a 4.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 43.20% of the stock is currently owned by company insiders.

World Acceptance Stock Up 1.7 %

World Acceptance stock opened at $114.22 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 debt-to-equity ratio of 1.21, a quick ratio of 19.53 and a current ratio of 19.53. The firm has a market cap of $656.77 million, a PE ratio of 7.76 and a beta of 1.42. The firm’s 50 day moving average price is $117.10 and its two-hundred day moving average price is $118.61.

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.