World Acceptance (NASDAQ:WRLD) Coverage Initiated at Stephens

Equities research analysts at Stephens started coverage on shares of World Acceptance (NASDAQ:WRLD) in a research note issued to investors on Wednesday. The firm set an “equal weight” rating and a $10.00 price target on the credit services provider’s stock. Stephens’ price target suggests a potential downside of 91.80% from the company’s current price.

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

World Acceptance Stock Down 2.0 %

World Acceptance stock opened at $121.98 on Wednesday. World Acceptance has a 52-week low of $101.13 and a 52-week 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 50 day moving average price of $116.79 and a two-hundred day moving average price of $122.30. The firm has a market cap of $701.39 million, a price-to-earnings ratio of 8.29 and a beta of 1.40.

Insider Buying and Selling at World Acceptance

In other news, insider Luke J. Umstetter sold 550 shares of the firm’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 transaction of $62,865.00. Following the completion of the sale, the insider now owns 11,370 shares of the company’s stock, valued at $1,299,591. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 43.20% of the company’s stock.

Institutional Investors Weigh In On World Acceptance

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. raised its stake 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 buying an additional 20,475 shares during the period. Millennium Management LLC raised its position in shares of World Acceptance by 125.2% during the second quarter. Millennium Management LLC now owns 22,184 shares of the credit services provider’s stock worth $2,741,000 after purchasing an additional 12,333 shares during the period. 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 purchasing an additional 11,275 shares in the last quarter. AQR Capital Management LLC grew its position in World Acceptance by 38.0% in the 2nd quarter. AQR Capital Management LLC now owns 40,475 shares of the credit services provider’s stock valued at $5,002,000 after purchasing an additional 11,135 shares during the period. Finally, WINTON GROUP Ltd bought a new stake in World Acceptance during the 2nd quarter valued at $815,000. 83.63% of the stock is owned by institutional investors.

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.