Stephens Begins Coverage on World Acceptance (NASDAQ:WRLD)

Research analysts at Stephens assumed coverage on shares of World Acceptance (NASDAQ:WRLD) in a report released on Wednesday. The firm set an “equal weight” rating and a $10.00 price target on the credit services provider’s stock. Stephens’ price objective indicates a potential downside of 91.80% from the stock’s previous close.

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

World Acceptance Stock Performance

WRLD opened at $121.98 on Wednesday. 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 business’s 50-day simple moving average is $116.79 and its 200 day simple moving average is $122.30. The firm has a market capitalization of $701.39 million, a PE ratio of 8.29 and a beta of 1.40. World Acceptance has a 52-week low of $101.13 and a 52-week high of $149.31.

Insider Buying and Selling at World Acceptance

In other World Acceptance news, insider Luke J. Umstetter sold 550 shares of World Acceptance stock in a transaction 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 directly owns 11,370 shares of the company’s stock, valued at $1,299,591. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 43.20% of the company’s stock.

Hedge Funds Weigh In On World Acceptance

Several hedge funds and other institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC acquired a new stake in shares of World Acceptance in the 1st quarter valued at approximately $242,000. Quantbot Technologies LP lifted its stake in shares of World Acceptance by 199.8% in the 1st quarter. Quantbot Technologies LP now owns 2,617 shares of the credit services provider’s stock valued at $379,000 after acquiring an additional 1,744 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of World Acceptance by 7.3% in the 1st quarter. SG Americas Securities LLC now owns 4,279 shares of the credit services provider’s stock valued at $620,000 after acquiring an additional 291 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in World Acceptance by 2.5% during 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. Finally, UniSuper Management Pty Ltd acquired a new position in World Acceptance in the 1st quarter worth about $727,000. Institutional investors own 83.63% of the company’s stock.

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.