World Acceptance (NASDAQ:WRLD) Now Covered by Analysts at Stephens

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

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

World Acceptance Price Performance

World Acceptance stock opened at $119.33 on Wednesday. The stock has a market capitalization of $686.15 million, a P/E ratio of 8.11 and a beta of 1.40. The company has a debt-to-equity ratio of 1.21, a quick ratio of 19.53 and a current ratio of 19.53. World Acceptance has a 52 week low of $101.85 and a 52 week high of $149.31. The stock has a fifty day moving average of $116.86 and a 200-day moving average of $122.28.

Insiders Place Their Bets

In other World Acceptance news, insider Luke J. Umstetter sold 550 shares of the stock in a transaction dated Friday, November 1st. The stock was 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 directly owns 11,370 shares in the company, valued at approximately $1,299,591. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 43.20% of the company’s stock.

Institutional Investors Weigh In On World Acceptance

A number of hedge funds have recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC grew its position in shares of 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 buying an additional 93 shares during the period. Quest Partners LLC grew its holdings in World Acceptance by 2.7% in the third quarter. Quest Partners LLC now owns 3,519 shares of the credit services provider’s stock worth $415,000 after purchasing an additional 93 shares during the period. Price T Rowe Associates Inc. MD increased its stake in World Acceptance by 4.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,329 shares of the credit services provider’s stock valued at $338,000 after purchasing an additional 107 shares in the last quarter. FMR LLC raised its holdings in shares of World Acceptance by 19.0% during the third quarter. FMR LLC now owns 822 shares of the credit services provider’s stock valued at $97,000 after purchasing an additional 131 shares during the period. Finally, Hancock Whitney Corp boosted its position in shares of World Acceptance by 12.7% during the 2nd quarter. Hancock Whitney Corp now owns 1,815 shares of the credit services provider’s stock worth $224,000 after purchasing an additional 205 shares in the last quarter. 83.63% of the stock is currently 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.