Quest Partners LLC Has $415,000 Stake in World Acceptance Co. (NASDAQ:WRLD)

Quest Partners LLC increased its stake in shares of World Acceptance Co. (NASDAQ:WRLD) by 2.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 3,519 shares of the credit services provider’s stock after acquiring an additional 93 shares during the quarter. Quest Partners LLC’s holdings in World Acceptance were worth $415,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Point72 DIFC Ltd bought a new position in World Acceptance in the 2nd quarter valued at $47,000. CWM LLC boosted its holdings in World Acceptance by 122.4% in the second quarter. CWM LLC now owns 585 shares of the credit services provider’s stock valued at $72,000 after acquiring an additional 322 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in World Acceptance in the second quarter worth about $140,000. Hancock Whitney Corp raised its holdings 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 worth $224,000 after purchasing an additional 205 shares during the last quarter. Finally, BOKF NA bought a new stake in World Acceptance during the 1st quarter worth about $310,000. Institutional investors and hedge funds own 83.63% of the company’s stock.

Insider Activity at World Acceptance

In other 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 transaction of $62,865.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 43.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Stephens started coverage on shares of World Acceptance in a research note on Wednesday, November 13th. They issued an “equal weight” rating and a $10.00 target price on the stock.

World Acceptance Price Performance

WRLD opened at $119.10 on Monday. The company has a fifty day moving average price of $117.41 and a two-hundred day moving average price of $121.11. The company has a debt-to-equity ratio of 1.21, a quick ratio of 19.53 and a current ratio of 19.53. The firm has a market capitalization of $684.83 million, a PE ratio of 8.10 and a beta of 1.40. World Acceptance Co. has a 52 week low of $101.85 and a 52 week high of $149.31.

About World Acceptance

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.