World Acceptance (NASDAQ:WRLD) Upgraded by StockNews.com to Strong-Buy Rating

StockNews.com upgraded shares of World Acceptance (NASDAQ:WRLD) from a buy rating to a strong-buy rating in a research report released on Monday morning.

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

World Acceptance Trading Up 2.7 %

World Acceptance stock opened at $112.56 on Monday. The stock has a 50-day moving average price of $116.71 and a 200 day moving average price of $118.23. The company has a market capitalization of $647.22 million, a price-to-earnings ratio of 7.65 and a beta of 1.44. The company has a quick ratio of 19.53, a current ratio of 19.53 and a debt-to-equity ratio of 1.21. World Acceptance has a 52 week low of $101.85 and a 52 week high of $149.31.

Insider Activity at World Acceptance

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 value of $62,865.00. Following the transaction, the insider now owns 11,370 shares of the company’s stock, valued at $1,299,591. This represents a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 43.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On World Acceptance

Several large investors have recently made changes to their positions in the stock. Point72 DIFC Ltd purchased a new stake in World Acceptance during the second quarter worth about $47,000. FMR LLC grew its holdings in shares of World Acceptance by 19.0% in the third quarter. FMR LLC now owns 822 shares of the credit services provider’s stock valued at $97,000 after purchasing an additional 131 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in World Acceptance during the 2nd quarter worth approximately $140,000. HighTower Advisors LLC lifted its holdings 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 worth $211,000 after buying an additional 163 shares in the last quarter. Finally, Hancock Whitney Corp boosted its position in World Acceptance by 12.7% in the 2nd quarter. Hancock Whitney Corp now owns 1,815 shares of the credit services provider’s stock valued at $224,000 after buying an additional 205 shares during the period. 83.63% of the stock is currently owned by institutional investors and hedge funds.

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.