World Acceptance (NASDAQ:WRLD) Upgraded by StockNews.com to “Strong-Buy” Rating

World Acceptance (NASDAQ:WRLD) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Monday.

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

World Acceptance Stock Performance

WRLD stock traded up $2.92 during mid-day trading on Monday, reaching $112.56. 20,341 shares of the stock traded hands, compared to its average volume of 21,820. The firm has a market capitalization of $647.22 million, a PE ratio of 7.65 and a beta of 1.44. The company has a quick ratio of 19.53, a current ratio of 19.53 and a debt-to-equity ratio of 1.21. World Acceptance has a 52 week low of $101.85 and a 52 week high of $149.31. The business has a 50-day moving average of $116.71 and a two-hundred day moving average of $118.23.

Insiders Place Their Bets

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 value of $62,865.00. Following the completion of the transaction, the insider now owns 11,370 shares of the company’s stock, valued at $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 is available through this hyperlink. Insiders own 43.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of WRLD. Texas Permanent School Fund Corp increased 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. raised its holdings 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 valued at $4,891,000 after buying an additional 20,475 shares during the last quarter. BOKF NA raised its stake in shares of World Acceptance by 37.9% during the second quarter. BOKF NA now owns 3,076 shares of the credit services provider’s stock valued at $380,000 after acquiring an additional 845 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of World Acceptance in the second quarter worth about $815,000. Finally, Renaissance Technologies LLC increased its holdings in World Acceptance by 7.9% during the 2nd quarter. Renaissance Technologies LLC now owns 34,025 shares of the credit services provider’s stock valued at $4,205,000 after purchasing an additional 2,500 shares during the period. Hedge funds and other institutional investors 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.