World Acceptance (NASDAQ:WRLD) Coverage Initiated by Analysts at Stephens

Stock analysts at Stephens started coverage on shares of World Acceptance (NASDAQ:WRLD - Get Free Report) in a research note issued on Wednesday, MarketBeat Ratings reports. The brokerage set an "equal weight" rating and a $10.00 price target on the credit services provider's stock. Stephens' price target suggests a potential downside of 91.62% from the company's previous close.

Separately, StockNews.com lowered World Acceptance from a "strong-buy" rating to a "buy" rating in a research report on Friday, July 19th.

World Acceptance Stock Down 2.2 %

World Acceptance stock traded down $2.65 during trading hours on Wednesday, reaching $119.33. The stock had a trading volume of 16,458 shares, compared to its average volume of 36,565. The company has a market cap of $686.15 million, a price-to-earnings ratio of 8.22 and a beta of 1.40. The business's 50 day moving average price is $116.79 and its 200-day moving average price is $122.30. World Acceptance has a 52 week low of $101.85 and a 52 week high of $149.31. The company has a debt-to-equity ratio of 1.21, a current ratio of 19.53 and a quick ratio of 19.53.

Insider Buying and Selling at World Acceptance

In related news, insider Luke J. Umstetter sold 550 shares of the company's 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 directly owns 11,370 shares of the company's stock, valued at $1,299,591. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 43.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On World Acceptance

Several hedge funds and other institutional investors have recently bought and sold shares of WRLD. O Shaughnessy Asset Management LLC grew its stake 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 purchasing an additional 93 shares during the period. Quest Partners LLC boosted its holdings in World Acceptance by 2.7% during the third quarter. Quest Partners LLC now owns 3,519 shares of the credit services provider's stock worth $415,000 after buying an additional 93 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in World Acceptance by 4.8% during 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 buying an additional 107 shares during the period. FMR LLC grew 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 valued at $97,000 after buying an additional 131 shares during the period. Finally, Hancock Whitney Corp increased its holdings in World Acceptance by 12.7% in the second quarter. Hancock Whitney Corp now owns 1,815 shares of the credit services provider's stock valued at $224,000 after buying an additional 205 shares in the last quarter. Institutional investors and hedge funds own 83.63% of the company's stock.

World Acceptance Company 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.