World Acceptance (NASDAQ:WRLD) Now Covered by Analysts at Stephens

Analysts at Stephens began coverage on shares of World Acceptance (NASDAQ:WRLD) in a research report issued on Wednesday, Marketbeat reports. The firm set an “equal weight” rating and a $10.00 price target on the credit services provider’s stock. Stephens’ price target would suggest a potential downside of 91.53% from the company’s previous close.

Separately, StockNews.com lowered shares of World Acceptance from a “strong-buy” rating to a “buy” rating in a report on Friday, July 19th.

World Acceptance Stock Performance

World Acceptance stock opened at $118.01 on Wednesday. The company has a quick ratio of 19.53, a current ratio of 19.53 and a debt-to-equity ratio of 1.21. The stock has a market cap of $678.56 million, a PE ratio of 8.02 and a beta of 1.40. World Acceptance has a 12-month low of $101.85 and a 12-month high of $149.31. The business’s 50-day moving average price is $116.90 and its two-hundred day moving average price is $122.25.

Insider Activity at World Acceptance

In other news, insider Luke J. Umstetter sold 550 shares of the company’s stock in a transaction that occurred on 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 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 hyperlink. 43.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On World Acceptance

Institutional investors have recently added to or reduced their stakes in the business. Point72 DIFC Ltd acquired a new position in shares of World Acceptance during the second quarter worth $47,000. CWM LLC raised its position in World Acceptance by 122.4% during the 2nd quarter. CWM LLC now owns 585 shares of the credit services provider’s stock worth $72,000 after purchasing an additional 322 shares during the last quarter. FMR LLC lifted its holdings in World Acceptance by 19.0% during the 3rd quarter. FMR LLC now owns 822 shares of the credit services provider’s stock worth $97,000 after buying an additional 131 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of World Acceptance in the 2nd quarter valued at about $140,000. Finally, Hancock Whitney Corp increased its stake in shares of World Acceptance by 12.7% in the second 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 owned by institutional investors.

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.