Principal Financial Group Inc. Sells 5,812 Shares of World Acceptance Co. (NASDAQ:WRLD)

Principal Financial Group Inc. reduced its position in shares of World Acceptance Co. (NASDAQ:WRLD) by 27.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,600 shares of the credit services provider’s stock after selling 5,812 shares during the quarter. Principal Financial Group Inc. owned 0.27% of World Acceptance worth $1,840,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC grew its position in World Acceptance by 2.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 3,770 shares of the credit services provider’s stock valued at $547,000 after buying an additional 93 shares during the period. UniSuper Management Pty Ltd bought a new stake in shares of World Acceptance during the 1st quarter valued at $727,000. BOKF NA bought a new stake in shares of World Acceptance during the 1st quarter valued at $310,000. Price T Rowe Associates Inc. MD increased its stake in shares of World Acceptance by 4.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,329 shares of the credit services provider’s stock worth $338,000 after purchasing an additional 107 shares in the last quarter. Finally, Comerica Bank raised its holdings in World Acceptance by 63.1% in the 1st quarter. Comerica Bank now owns 2,562 shares of the credit services provider’s stock worth $371,000 after purchasing an additional 991 shares during the period. Hedge funds and other institutional investors own 83.63% of the company’s stock.

World Acceptance Trading Up 1.3 %

World Acceptance stock opened at $119.10 on Friday. 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 firm has a market capitalization of $684.83 million, a price-to-earnings ratio of 8.10 and a beta of 1.40. The firm has a 50 day moving average of $117.41 and a 200 day moving average of $121.31.

Wall Street Analysts Forecast Growth

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 for the company.

Insiders Place Their Bets

In related news, insider Luke J. Umstetter sold 550 shares of World Acceptance stock in a transaction on 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. The trade was a 4.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 43.20% of the company’s 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.