Los Angeles Capital Management LLC Decreases Stock Holdings in World Acceptance Co. (NASDAQ:WRLD)

Los Angeles Capital Management LLC cut its holdings in World Acceptance Co. (NASDAQ:WRLD) by 11.7% in the third quarter, HoldingsChannel reports. The firm owned 17,451 shares of the credit services provider’s stock after selling 2,320 shares during the quarter. Los Angeles Capital Management LLC’s holdings in World Acceptance were worth $2,059,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Quadrature Capital Ltd lifted its position in World Acceptance by 89.5% during the first quarter. Quadrature Capital Ltd now owns 23,869 shares of the credit services provider’s stock valued at $3,455,000 after purchasing an additional 11,275 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of World Acceptance by 125.2% in the 2nd quarter. Millennium Management LLC now owns 22,184 shares of the credit services provider’s stock valued at $2,741,000 after acquiring an additional 12,333 shares during the last quarter. Comerica Bank grew its position in World Acceptance by 63.1% in the first quarter. Comerica Bank now owns 2,562 shares of the credit services provider’s stock worth $371,000 after acquiring an additional 991 shares in the last quarter. CWM LLC increased its stake in World Acceptance by 122.4% during the second quarter. CWM LLC now owns 585 shares of the credit services provider’s stock worth $72,000 after acquiring an additional 322 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised 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 purchasing an additional 93 shares during the period. Institutional investors own 83.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. StockNews.com cut World Acceptance from a “strong-buy” rating to a “buy” rating in a report on Friday, July 19th. Stephens initiated coverage on shares of World Acceptance in a research note on Wednesday. They set an “equal weight” rating and a $10.00 price objective for the company.

Insider Transactions at World Acceptance

In related news, insider Luke J. Umstetter sold 550 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $114.30, for a total transaction of $62,865.00. Following the completion of the transaction, the insider now owns 11,370 shares in the company, valued at $1,299,591. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 43.20% of the company’s stock.

World Acceptance Stock Down 2.2 %

Shares of NASDAQ WRLD opened at $119.33 on Thursday. World Acceptance Co. has a 1 year low of $101.85 and a 1 year high of $149.31. The firm has a 50-day simple moving average of $116.86 and a two-hundred day simple moving average of $122.28. The company has a market cap of $686.15 million, a P/E ratio of 8.11 and a beta of 1.40. 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 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.