Barclays PLC Grows Stake in World Acceptance Co. (NASDAQ:WRLD)

Barclays PLC increased its stake in World Acceptance Co. (NASDAQ:WRLD) by 282.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,657 shares of the credit services provider’s stock after buying an additional 5,657 shares during the quarter. Barclays PLC owned about 0.13% of World Acceptance worth $903,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of WRLD. Point72 DIFC Ltd acquired a new stake in World Acceptance in the second quarter valued at approximately $47,000. FMR LLC boosted its stake 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 during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in World Acceptance during the 2nd quarter valued at $140,000. HighTower Advisors LLC increased 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 worth $211,000 after buying an additional 163 shares during the period. Finally, Hancock Whitney Corp lifted its holdings 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 worth $224,000 after buying an additional 205 shares in the last quarter. 83.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. StockNews.com raised World Acceptance from a “buy” rating to a “strong-buy” rating in a research report on Monday. Stephens assumed coverage on World Acceptance in a report on Wednesday, November 13th. They set an “equal weight” rating and a $10.00 price objective on the stock.

World Acceptance Trading Up 2.5 %

NASDAQ WRLD opened at $115.41 on Wednesday. The company has a market capitalization of $663.61 million, a price-to-earnings ratio of 7.85 and a beta of 1.44. 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 12 month low of $101.85 and a 12 month high of $149.31. The company’s fifty day moving average price is $116.71 and its two-hundred day moving average price is $118.23.

Insider Transactions at World Acceptance

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