Barclays PLC Boosts Stake in World Acceptance Co. (NASDAQ:WRLD)

Barclays PLC boosted its position in World Acceptance Co. (NASDAQ:WRLD - Free Report) by 282.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,657 shares of the credit services provider's stock after purchasing an additional 5,657 shares during the quarter. Barclays PLC owned approximately 0.13% of World Acceptance worth $903,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. American Century Companies Inc. increased its stake in shares of World Acceptance by 107.2% during the second quarter. American Century Companies Inc. now owns 39,580 shares of the credit services provider's stock valued at $4,891,000 after purchasing an additional 20,475 shares in the last quarter. Millennium Management LLC increased its position 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 valued at $2,741,000 after buying an additional 12,333 shares in the last quarter. AQR Capital Management LLC raised its stake 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 valued at $5,002,000 after buying an additional 11,135 shares during the last quarter. PDT Partners LLC purchased a new position in World Acceptance during the third quarter valued at $830,000. Finally, WINTON GROUP Ltd bought a new stake in World Acceptance in the second quarter worth $815,000. 83.63% of the stock is owned by hedge funds and other institutional investors.

World Acceptance Stock Performance

Shares of World Acceptance stock traded up $4.57 during trading on Wednesday, hitting $119.98. 11,552 shares of the company's stock traded hands, compared to its average volume of 19,033. World Acceptance Co. has a 1 year low of $101.85 and a 1 year high of $149.31. The business has a 50-day simple moving average of $116.73 and a 200-day simple moving average of $118.17. The company has a debt-to-equity ratio of 1.21, a current ratio of 19.53 and a quick ratio of 19.53. The stock has a market capitalization of $689.89 million, a P/E ratio of 8.16 and a beta of 1.44.

Insider Activity

In other news, insider Luke J. Umstetter sold 550 shares of the business'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 transaction, the insider now directly owns 11,370 shares of the company's stock, valued at $1,299,591. The trade was a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 43.20% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on WRLD. StockNews.com raised shares of World Acceptance from a "buy" rating to a "strong-buy" rating in a research report on Monday. Stephens began coverage on shares of World Acceptance in a report on Wednesday, November 13th. They set an "equal weight" rating and a $10.00 price target on the 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.