Geode Capital Management LLC Lowers Stock Holdings in World Acceptance Co. (NASDAQ:WRLD)

Geode Capital Management LLC lowered its stake in World Acceptance Co. (NASDAQ:WRLD) by 5.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 79,620 shares of the credit services provider’s stock after selling 4,362 shares during the period. Geode Capital Management LLC owned 1.38% of World Acceptance worth $9,395,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WRLD. Barclays PLC boosted its holdings in World Acceptance by 282.9% in the third quarter. Barclays PLC now owns 7,657 shares of the credit services provider’s stock worth $903,000 after acquiring an additional 5,657 shares in the last quarter. Jane Street Group LLC boosted its stake in World Acceptance by 24.0% in the 3rd quarter. Jane Street Group LLC now owns 8,271 shares of the credit services provider’s stock worth $976,000 after purchasing an additional 1,601 shares in the last quarter. HighTower Advisors LLC grew its position in 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. Centiva Capital LP increased its stake in World Acceptance by 16.5% during the 3rd quarter. Centiva Capital LP now owns 4,038 shares of the credit services provider’s stock valued at $476,000 after purchasing an additional 572 shares in the last quarter. Finally, ClearAlpha Technologies LP bought a new stake in World Acceptance during the 3rd quarter valued at about $265,000. Institutional investors own 83.63% of the company’s stock.

World Acceptance Stock Up 0.5 %

World Acceptance stock opened at $112.44 on Thursday. The firm has a market cap of $646.53 million, a price-to-earnings ratio of 7.64 and a beta of 1.42. The company has a current ratio of 19.53, a quick ratio of 19.53 and a debt-to-equity ratio of 1.21. World Acceptance Co. has a 12 month low of $101.85 and a 12 month high of $149.31. The stock has a fifty day simple moving average of $117.19 and a two-hundred day simple moving average of $118.72.

Insider Buying and Selling

In other World Acceptance news, insider Luke J. Umstetter sold 550 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $114.30, for a total transaction of $62,865.00. Following the transaction, the insider now owns 11,370 shares in the company, valued at approximately $1,299,591. This represents a 4.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 43.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Stephens started coverage on shares of 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 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.