World Acceptance (NASDAQ:WRLD) Now Covered by Stephens

Stephens started coverage on shares of World Acceptance (NASDAQ:WRLD) in a research note released on Wednesday morning, MarketBeat reports. The brokerage issued an equal weight rating and a $10.00 target price on the credit services provider’s stock.

Separately, StockNews.com downgraded shares of World Acceptance from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 19th.

World Acceptance Stock Performance

NASDAQ:WRLD opened at $116.63 on Wednesday. The company’s 50-day moving average price is $116.93 and its 200-day moving average price is $121.97. 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 market cap of $670.62 million, a P/E ratio of 7.93 and a beta of 1.40. World Acceptance has a twelve month low of $101.85 and a twelve month high of $149.31.

Insider Buying and Selling 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 shares were sold at an average price of $114.30, for a total value of $62,865.00. Following the transaction, the insider now directly owns 11,370 shares in the company, valued at $1,299,591. The trade was a 4.61 % decrease in their position. The transaction 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.

Hedge Funds Weigh In On World Acceptance

Large investors have recently made changes to their positions in the stock. Quadrature Capital Ltd lifted its holdings in shares of World Acceptance by 89.5% in the 1st quarter. Quadrature Capital Ltd now owns 23,869 shares of the credit services provider’s stock worth $3,455,000 after acquiring an additional 11,275 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of World Acceptance by 125.2% in the 2nd quarter. Millennium Management LLC now owns 22,184 shares of the credit services provider’s stock worth $2,741,000 after acquiring an additional 12,333 shares during the last quarter. Comerica Bank lifted its holdings in shares of World Acceptance by 63.1% in the 1st quarter. Comerica Bank now owns 2,562 shares of the credit services provider’s stock worth $371,000 after acquiring an additional 991 shares during the last quarter. CWM LLC lifted its holdings 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 acquiring an additional 322 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of World Acceptance by 2.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,770 shares of the credit services provider’s stock worth $547,000 after acquiring an additional 93 shares during the last quarter. 83.63% of the stock is currently 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.