Royce & Associates LP Acquires New Position in World Acceptance Co. (NASDAQ:WRLD)

Royce & Associates LP purchased a new position in World Acceptance Co. (NASDAQ:WRLD - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 5,312 shares of the credit services provider's stock, valued at approximately $627,000. Royce & Associates LP owned approximately 0.09% of World Acceptance at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quadrature Capital Ltd grew its stake in World Acceptance by 89.5% in the 1st quarter. Quadrature Capital Ltd now owns 23,869 shares of the credit services provider's stock worth $3,455,000 after buying an additional 11,275 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of World Acceptance by 125.2% in the 2nd quarter. Millennium Management LLC now owns 22,184 shares of the credit services provider's stock worth $2,741,000 after acquiring an additional 12,333 shares during the last quarter. Comerica Bank raised its holdings in World Acceptance by 63.1% during the 1st quarter. Comerica Bank now owns 2,562 shares of the credit services provider's stock valued at $371,000 after buying an additional 991 shares during the last quarter. CWM LLC raised its holdings in World Acceptance by 122.4% during the 2nd quarter. CWM LLC now owns 585 shares of the credit services provider's stock valued at $72,000 after buying an additional 322 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its holdings 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 valued at $547,000 after buying an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 83.63% of the company's stock.

Insider Transactions at World Acceptance

In related news, insider Luke J. Umstetter sold 550 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $114.30, for a total transaction of $62,865.00. Following the sale, the insider now directly owns 11,370 shares of the company's stock, valued at approximately $1,299,591. This represents a 4.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 43.20% of the company's stock.

Analysts Set New Price Targets

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

World Acceptance Stock Up 0.5 %

NASDAQ:WRLD opened at $116.69 on Thursday. The firm's 50-day moving average price is $117.27 and its 200-day moving average price is $121.48. The company has a market capitalization of $670.97 million, a PE ratio of 7.93 and a beta of 1.40. The company has a debt-to-equity ratio of 1.21, a current ratio of 19.53 and a quick ratio of 19.53. World Acceptance Co. has a 1-year low of $101.85 and a 1-year high of $149.31.

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.