7,035 Shares in World Acceptance Co. (NASDAQ:WRLD) Bought by PDT Partners LLC

PDT Partners LLC purchased a new position in shares of World Acceptance Co. (NASDAQ:WRLD - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 7,035 shares of the credit services provider's stock, valued at approximately $830,000. PDT Partners LLC owned approximately 0.12% of World Acceptance as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Millennium Management LLC raised its position in shares of World Acceptance by 125.2% in the second 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 during the last quarter. Comerica Bank lifted its stake in World Acceptance by 63.1% in the 1st quarter. Comerica Bank now owns 2,562 shares of the credit services provider's stock worth $371,000 after purchasing an additional 991 shares in the last quarter. CWM LLC boosted its holdings in shares of World Acceptance by 122.4% during the 2nd quarter. CWM LLC now owns 585 shares of the credit services provider's stock worth $72,000 after purchasing an additional 322 shares during the last quarter. AQR Capital Management LLC grew its position in shares of World Acceptance by 38.0% in 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 purchasing an additional 11,135 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of World Acceptance by 107.2% in 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 during the last quarter. Hedge funds and other institutional investors own 83.63% of the company's stock.

World Acceptance Trading Down 0.7 %

World Acceptance stock traded down $0.82 during trading on Tuesday, hitting $120.18. The company had a trading volume of 17,608 shares, compared to its average volume of 35,528. The company has a current ratio of 19.53, a quick ratio of 19.53 and a debt-to-equity ratio of 1.21. The company's 50 day simple moving average is $117.05 and its 200-day simple moving average is $120.46. World Acceptance Co. has a 1-year low of $101.85 and a 1-year high of $149.31. The stock has a market cap of $691.04 million, a price-to-earnings ratio of 8.23 and a beta of 1.42.

Insider Activity at World Acceptance

In related news, insider Luke J. Umstetter sold 550 shares of the 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 transaction, the insider now owns 11,370 shares of the company's stock, valued at $1,299,591. This represents a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 43.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, Stephens started coverage on World Acceptance in a report on Wednesday, November 13th. They issued an "equal weight" rating and a $10.00 target price for the company.

World Acceptance 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.