State Street Corp Sells 2,186 Shares of World Acceptance Co. (NASDAQ:WRLD)

State Street Corp decreased its position in shares of World Acceptance Co. (NASDAQ:WRLD) by 1.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 140,612 shares of the credit services provider’s stock after selling 2,186 shares during the period. State Street Corp owned about 2.45% of World Acceptance worth $16,589,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Point72 DIFC Ltd purchased a new stake in World Acceptance in the second quarter worth $47,000. FMR LLC grew its position in shares of World Acceptance by 19.0% in 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 period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of World Acceptance in the 2nd quarter worth about $140,000. HighTower Advisors LLC increased its stake in shares of World Acceptance by 10.0% in the 3rd quarter. HighTower Advisors LLC now owns 1,791 shares of the credit services provider’s stock worth $211,000 after acquiring an additional 163 shares in the last quarter. Finally, Hancock Whitney Corp boosted its stake in World Acceptance by 12.7% during the second quarter. Hancock Whitney Corp now owns 1,815 shares of the credit services provider’s stock worth $224,000 after acquiring an additional 205 shares in the last quarter. Institutional investors own 83.63% of the company’s stock.

Insider Transactions at World Acceptance

In other news, insider Luke J. Umstetter sold 550 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now owns 11,370 shares in the company, valued at $1,299,591. The trade was a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 43.20% of the company’s stock.

World Acceptance Stock Performance

Shares of World Acceptance stock opened at $111.00 on Wednesday. The stock has a market cap of $638.25 million, a price-to-earnings ratio of 7.55 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. World Acceptance Co. has a 1 year low of $101.85 and a 1 year high of $149.31. The firm’s 50-day moving average is $117.93 and its 200 day moving average is $119.19.

Wall Street Analysts Forecast Growth

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

World Acceptance 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.