Point72 Asset Management L.P. Sells 155 Shares of World Acceptance Co. (NASDAQ:WRLD)

Point72 Asset Management L.P. lessened its stake in shares of World Acceptance Co. (NASDAQ:WRLD) by 6.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,386 shares of the credit services provider’s stock after selling 155 shares during the period. Point72 Asset Management L.P.’s holdings in World Acceptance were worth $281,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of WRLD. AQR Capital Management LLC raised its position in World Acceptance by 38.0% in the 2nd quarter. AQR Capital Management LLC now owns 40,475 shares of the credit services provider’s stock worth $5,002,000 after purchasing an additional 11,135 shares during the period. American Century Companies Inc. raised its holdings in shares of World Acceptance by 107.2% in the second quarter. American Century Companies Inc. now owns 39,580 shares of the credit services provider’s stock worth $4,891,000 after buying an additional 20,475 shares during the period. Renaissance Technologies LLC lifted its stake in shares of World Acceptance by 7.9% during the 2nd quarter. Renaissance Technologies LLC now owns 34,025 shares of the credit services provider’s stock worth $4,205,000 after acquiring an additional 2,500 shares during the last quarter. Millennium Management LLC boosted its holdings in World Acceptance by 125.2% during 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 period. Finally, Empowered Funds LLC grew its position in World Acceptance by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 21,430 shares of the credit services provider’s stock valued at $2,528,000 after acquiring an additional 1,072 shares during the last quarter. 83.63% of the stock is currently owned by institutional investors.

World Acceptance Stock Down 1.7 %

World Acceptance stock opened at $117.23 on Friday. The business has a fifty day moving average price of $118.11 and a 200-day moving average price of $120.14. World Acceptance Co. has a 1-year low of $101.85 and a 1-year high of $149.31. The stock has a market capitalization of $674.07 million, a price-to-earnings ratio of 7.97 and a beta of 1.42. The company has a debt-to-equity ratio of 1.21, a current ratio of 19.53 and a quick ratio of 19.53.

Analyst Upgrades and Downgrades

Separately, Stephens started 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.

Insider Activity at World Acceptance

In related news, insider Luke J. Umstetter sold 550 shares of World Acceptance stock in a transaction that occurred 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 directly owns 11,370 shares in the company, valued at approximately $1,299,591. This trade represents a 4.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 43.20% of the stock is owned by insiders.

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.