World Acceptance (NASDAQ:WRLD) Sees Large Volume Increase – What’s Next?

World Acceptance Co. (NASDAQ:WRLD) shares saw unusually-strong trading volume on Monday . Approximately 20,983 shares traded hands during trading, an increase of 27% from the previous session’s volume of 16,524 shares.The stock last traded at $130.79 and had previously closed at $128.16.

Analyst Ratings Changes

A number of research firms have issued reports on WRLD. Stephens started coverage on shares of World Acceptance in a research report on Wednesday, November 13th. They issued an “equal weight” rating and a $10.00 target price for the company. StockNews.com raised shares of World Acceptance from a “buy” rating to a “strong-buy” rating in a research report on Monday, January 13th.

World Acceptance Trading Up 1.0 %

The company has a quick ratio of 19.53, a current ratio of 19.53 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $744.54 million, a price-to-earnings ratio of 8.86 and a beta of 1.44. The company has a 50-day moving average price of $117.51 and a 200-day moving average price of $118.21.

Insider Buying and Selling

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 completion of the transaction, the insider now directly owns 11,370 shares of the company’s stock, valued at approximately $1,299,591. The trade was a 4.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 43.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Millennium Management LLC raised its holdings in World Acceptance by 125.2% during the 2nd quarter. Millennium Management LLC now owns 22,184 shares of the credit services provider’s stock worth $2,741,000 after buying an additional 12,333 shares during the period. AQR Capital Management LLC boosted its holdings in World Acceptance by 38.0% during the second quarter. AQR Capital Management LLC now owns 40,475 shares of the credit services provider’s stock worth $5,002,000 after purchasing an additional 11,135 shares during the last quarter. JPMorgan Chase & Co. grew its position in World Acceptance by 49.6% in the third quarter. JPMorgan Chase & Co. now owns 21,774 shares of the credit services provider’s stock valued at $2,569,000 after purchasing an additional 7,223 shares in the last quarter. PDT Partners LLC bought a new stake in World Acceptance during the 3rd quarter worth about $830,000. Finally, Barclays PLC raised its holdings in World Acceptance by 282.9% during the third quarter. Barclays PLC now owns 7,657 shares of the credit services provider’s stock worth $903,000 after acquiring an additional 5,657 shares in the last quarter. 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.