Principal Financial Group Inc. Has $1.84 Million Stake in World Acceptance Co. (NASDAQ:WRLD)

Principal Financial Group Inc. cut its stake in shares of World Acceptance Co. (NASDAQ:WRLD - Free Report) by 27.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,600 shares of the credit services provider's stock after selling 5,812 shares during the period. Principal Financial Group Inc. owned 0.27% of World Acceptance worth $1,840,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Quest Partners LLC increased its stake in shares of World Acceptance by 2.7% during the 3rd quarter. Quest Partners LLC now owns 3,519 shares of the credit services provider's stock worth $415,000 after purchasing an additional 93 shares during the last quarter. FMR LLC grew its holdings 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 during the period. HighTower Advisors LLC increased its position in World Acceptance by 10.0% during the third quarter. HighTower Advisors LLC now owns 1,791 shares of the credit services provider's stock worth $211,000 after buying an additional 163 shares during the last quarter. Hancock Whitney Corp raised its stake 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 during the period. Finally, Public Sector Pension Investment Board lifted its position in shares of World Acceptance by 4.8% in the second quarter. Public Sector Pension Investment Board now owns 7,395 shares of the credit services provider's stock valued at $914,000 after buying an additional 340 shares during the last quarter. 83.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling at World Acceptance

In other World Acceptance 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 transaction of $62,865.00. Following the transaction, the insider now owns 11,370 shares in the company, valued at $1,299,591. This trade represents a 4.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 43.20% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Stephens initiated coverage on World Acceptance in a report on Wednesday, November 13th. They set an "equal weight" rating and a $10.00 target price on the stock.

World Acceptance Stock Performance

Shares of WRLD traded up $1.90 during trading hours on Friday, hitting $114.22. The company had a trading volume of 28,193 shares, compared to its average volume of 26,797. The business has a fifty day moving average of $117.10 and a 200-day moving average of $118.59. The company has a quick ratio of 19.53, a current ratio of 19.53 and a debt-to-equity ratio of 1.21. The firm has a market cap of $656.77 million, a price-to-earnings ratio of 7.76 and a beta of 1.42. World Acceptance Co. has a 12 month low of $101.85 and a 12 month high of $149.31.

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.