Quadrature Capital Ltd Reduces Stock Position in World Acceptance Co. (NASDAQ:WRLD)

Quadrature Capital Ltd reduced its stake in shares of World Acceptance Co. (NASDAQ:WRLD - Free Report) by 35.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,493 shares of the credit services provider's stock after selling 4,622 shares during the quarter. Quadrature Capital Ltd owned about 0.15% of World Acceptance worth $1,002,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in WRLD. Point72 DIFC Ltd purchased a new position in World Acceptance during the 2nd quarter worth $47,000. CWM LLC boosted its stake 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 acquiring an additional 322 shares in the last quarter. FMR LLC boosted its position in World Acceptance by 19.0% during the third quarter. FMR LLC now owns 822 shares of the credit services provider's stock worth $97,000 after purchasing an additional 131 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of World Acceptance in the second quarter valued at about $140,000. Finally, HighTower Advisors LLC increased its stake in shares of World Acceptance by 10.0% during the 3rd quarter. HighTower Advisors LLC now owns 1,791 shares of the credit services provider's stock worth $211,000 after purchasing an additional 163 shares in the last quarter. Hedge funds and other institutional investors own 83.63% of the company's stock.

World Acceptance Price Performance

World Acceptance stock traded up $0.33 during midday trading on Friday, reaching $121.39. 13,077 shares of the company were exchanged, compared to its average volume of 17,134. The company has a market capitalization of $697.99 million, a price-to-earnings ratio of 8.25 and a beta of 1.42. 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 firm's 50-day simple moving average is $117.65 and its 200-day simple moving average is $120.30. World Acceptance Co. has a 1 year low of $101.85 and a 1 year high of $149.31.

Wall Street Analysts Forecast Growth

Separately, Stephens began coverage on World Acceptance in a research note on Wednesday, November 13th. They issued an "equal weight" rating and a $10.00 target price on the stock.

Insider Transactions at World Acceptance

In related news, insider Luke J. Umstetter sold 550 shares of the firm'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 value of $62,865.00. Following the transaction, the insider now owns 11,370 shares in the company, valued at approximately $1,299,591. This trade represents a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 43.20% 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.