World Acceptance (NASDAQ:WRLD) Shares Gap Down - What's Next?

World Acceptance Co. (NASDAQ:WRLD - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $127.34, but opened at $122.55. World Acceptance shares last traded at $131.31, with a volume of 1,901 shares.

Analyst Ratings Changes

Several research analysts recently issued reports on WRLD shares. StockNews.com raised World Acceptance from a "buy" rating to a "strong-buy" rating in a research note on Monday, January 13th. Stephens started coverage on World Acceptance in a research note on Wednesday, November 13th. They issued an "equal weight" rating and a $10.00 price objective on the stock.

World Acceptance Stock Performance

The business has a fifty day simple moving average of $116.91 and a two-hundred day simple moving average of $118.17. 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 company has a market cap of $742.44 million, a PE ratio of 8.78 and a beta of 1.44.

Insiders Place Their Bets

In other World Acceptance 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 transaction of $62,865.00. Following the completion of the sale, the insider now owns 11,370 shares in the company, valued at $1,299,591. This represents a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 43.20% of the stock is owned by company insiders.

Institutional Trading of World Acceptance

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Exchange Traded Concepts LLC lifted its holdings in shares of World Acceptance by 6.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 11,521 shares of the credit services provider's stock valued at $1,295,000 after purchasing an additional 708 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of World Acceptance by 49.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,774 shares of the credit services provider's stock valued at $2,569,000 after purchasing an additional 7,223 shares during the last quarter. Barclays PLC lifted its holdings in shares of World Acceptance by 282.9% during the 3rd quarter. Barclays PLC now owns 7,657 shares of the credit services provider's stock valued at $903,000 after purchasing an additional 5,657 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of World Acceptance by 24.0% during the 3rd quarter. Jane Street Group LLC now owns 8,271 shares of the credit services provider's stock valued at $976,000 after purchasing an additional 1,601 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings 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 valued at $211,000 after purchasing an additional 163 shares during the last quarter. Hedge funds and other institutional investors 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.