Thrivent Financial for Lutherans Decreases Stock Holdings in World Acceptance Co. (NASDAQ:WRLD)

Thrivent Financial for Lutherans lessened its stake in World Acceptance Co. (NASDAQ:WRLD) by 7.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,585 shares of the credit services provider’s stock after selling 203 shares during the quarter. Thrivent Financial for Lutherans’ holdings in World Acceptance were worth $305,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Point72 DIFC Ltd purchased a new stake in shares of World Acceptance during the second quarter worth about $47,000. CWM LLC increased its stake in World Acceptance by 122.4% during the 2nd quarter. CWM LLC now owns 585 shares of the credit services provider’s stock worth $72,000 after buying an additional 322 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of World Acceptance during the second quarter valued at approximately $140,000. Hancock Whitney Corp lifted its position in shares of 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 acquiring an additional 205 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of World Acceptance by 4.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,329 shares of the credit services provider’s stock worth $338,000 after acquiring an additional 107 shares during the last quarter. 83.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Stephens began coverage on World Acceptance in a research note on Wednesday, November 13th. They issued an “equal weight” rating and a $10.00 price objective for the company.

World Acceptance Price Performance

WRLD stock opened at $121.39 on Friday. World Acceptance Co. has a 1 year low of $101.85 and a 1 year high of $149.31. The firm has a market capitalization of $697.99 million, a PE ratio of 8.25 and a beta of 1.42. 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 business has a 50 day simple moving average of $117.65 and a 200-day simple moving average of $120.36.

Insider Transactions at World Acceptance

In related news, insider Luke J. Umstetter sold 550 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $1,299,591. This represents a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 43.20% 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.