World Acceptance (NASDAQ:WRLD) Raised to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of World Acceptance (NASDAQ:WRLD) from a buy rating to a strong-buy rating in a research report report published on Monday morning.

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

World Acceptance Stock Performance

Shares of NASDAQ WRLD opened at $119.98 on Monday. The business’s 50-day simple moving average is $116.73 and its 200-day simple moving average is $118.17. The company has a debt-to-equity ratio of 1.21, a quick ratio of 19.53 and a current ratio of 19.53. World Acceptance has a 52 week low of $101.85 and a 52 week high of $149.31. The firm has a market cap of $689.89 million, a price-to-earnings ratio of 8.16 and a beta of 1.44.

Insider Buying and Selling at World Acceptance

In related 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 owns 11,370 shares of the company’s stock, valued at approximately $1,299,591. The trade was a 4.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 43.20% of the company’s stock.

Institutional Trading of World Acceptance

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Point72 DIFC Ltd acquired a new position in shares of World Acceptance during the second quarter worth approximately $47,000. FMR LLC increased 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 worth $97,000 after acquiring an additional 131 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in World Acceptance during the second quarter worth $140,000. HighTower Advisors LLC boosted its holdings in World Acceptance by 10.0% in 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 period. Finally, Hancock Whitney Corp boosted its holdings in World Acceptance by 12.7% in the 2nd quarter. Hancock Whitney Corp now owns 1,815 shares of the credit services provider’s stock valued at $224,000 after purchasing an additional 205 shares during the period. Institutional investors and hedge funds own 83.63% of the company’s stock.

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.