Shares of World Acceptance Co. (NASDAQ:WRLD - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 20,983 shares changed hands during trading, an increase of 27% from the previous session's volume of 16,524 shares.The stock last traded at $130.79 and had previously closed at $128.16.
Analyst Upgrades and Downgrades
WRLD has been the subject of a number of recent analyst reports. Stephens started coverage on World Acceptance in a report on Wednesday, November 13th. They set an "equal weight" rating and a $10.00 price target for the company. StockNews.com upgraded World Acceptance from a "buy" rating to a "strong-buy" rating in a report on Monday, January 13th.
Check Out Our Latest Analysis on WRLD
World Acceptance Stock Down 0.2 %
The firm has a market cap of $743.76 million, a price-to-earnings ratio of 8.79 and a beta of 1.44. The company has a debt-to-equity ratio of 1.21, a current ratio of 19.53 and a quick ratio of 19.53. The firm has a 50 day moving average price of $117.77 and a 200-day moving average price of $118.19.
Insider Buying and Selling
In other news, insider Luke J. Umstetter sold 550 shares of the business's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $114.30, for a total transaction of $62,865.00. Following the completion of the transaction, the insider now directly owns 11,370 shares in the company, valued at approximately $1,299,591. The trade was a 4.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 43.20% of the stock is currently owned by insiders.
Institutional Trading of World Acceptance
Hedge funds have recently bought and sold shares of the stock. Point72 DIFC Ltd acquired a new stake in shares of World Acceptance in the second quarter valued at approximately $47,000. FMR LLC boosted its stake in shares of World Acceptance by 19.0% during the 3rd quarter. FMR LLC now owns 822 shares of the credit services provider's stock worth $97,000 after buying an additional 131 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of World Acceptance in the 2nd quarter valued at about $140,000. HighTower Advisors LLC increased its position in shares of World Acceptance by 10.0% in the third quarter. HighTower Advisors LLC now owns 1,791 shares of the credit services provider's stock valued at $211,000 after acquiring an additional 163 shares during the last quarter. Finally, Quantbot Technologies LP raised its holdings in World Acceptance by 53.3% during the third quarter. Quantbot Technologies LP now owns 1,997 shares of the credit services provider's stock worth $236,000 after acquiring an additional 694 shares in the last quarter. 83.63% of the stock is currently owned by institutional investors and hedge funds.
About World Acceptance
(
Get Free Report)
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.
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