World Acceptance Co. (NASDAQ:WRLD) Stake Lowered by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its stake in World Acceptance Co. (NASDAQ:WRLD) by 27.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,600 shares of the credit services provider’s stock after selling 5,812 shares during the period. Principal Financial Group Inc. owned 0.27% of World Acceptance worth $1,840,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WRLD. Quest Partners LLC grew its position in World Acceptance by 2.7% in the 3rd quarter. Quest Partners LLC now owns 3,519 shares of the credit services provider’s stock worth $415,000 after purchasing an additional 93 shares during the last quarter. FMR LLC increased its position in World Acceptance by 19.0% in the 3rd quarter. FMR LLC now owns 822 shares of the credit services provider’s stock valued at $97,000 after acquiring an additional 131 shares during the period. HighTower Advisors LLC raised its stake 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 acquiring an additional 163 shares in the last quarter. Hancock Whitney Corp raised its stake in World Acceptance by 12.7% during the 2nd 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, Public Sector Pension Investment Board boosted its position in World Acceptance by 4.8% during the 2nd quarter. Public Sector Pension Investment Board now owns 7,395 shares of the credit services provider’s stock worth $914,000 after acquiring an additional 340 shares during the period. Institutional investors and hedge funds own 83.63% of the company’s stock.

World Acceptance Stock Performance

Shares of NASDAQ WRLD opened at $114.22 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 cap of $656.77 million, a P/E ratio of 7.76 and a beta of 1.42. The stock has a fifty day moving average price of $117.10 and a two-hundred day moving average price of $118.61. The company has a debt-to-equity ratio of 1.21, a quick ratio of 19.53 and a current ratio of 19.53.

Insider Activity

In other World Acceptance news, insider Luke J. Umstetter sold 550 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $114.30, for a total value of $62,865.00. Following the sale, the insider now directly owns 11,370 shares in the company, valued at approximately $1,299,591. The trade was a 4.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 43.20% of the company’s stock.

Analysts Set New Price Targets

Separately, Stephens began 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 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.