Fmr LLC Raises Stock Holdings in World Acceptance Co. (NASDAQ:WRLD)

Fmr LLC boosted its holdings in World Acceptance Co. (NASDAQ:WRLD) by 19.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 822 shares of the credit services provider’s stock after purchasing an additional 131 shares during the period. Fmr LLC’s holdings in World Acceptance were worth $97,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Quantbot Technologies LP boosted its stake in World Acceptance by 53.3% in the third quarter. Quantbot Technologies LP now owns 1,997 shares of the credit services provider’s stock valued at $236,000 after acquiring an additional 694 shares during the last quarter. Intech Investment Management LLC purchased a new position in World Acceptance in the third quarter valued at approximately $275,000. Quest Partners LLC grew its holdings in World Acceptance by 2.7% during the third quarter. Quest Partners LLC now owns 3,519 shares of the credit services provider’s stock valued at $415,000 after purchasing an additional 93 shares during the period. Empowered Funds LLC increased its position in World Acceptance by 5.3% in the third quarter. Empowered Funds LLC now owns 21,430 shares of the credit services provider’s stock worth $2,528,000 after buying an additional 1,072 shares during the last quarter. Finally, Royce & Associates LP bought a new stake in shares of World Acceptance in the third quarter valued at $627,000. Institutional investors own 83.63% of the company’s stock.

Insider Buying and Selling

In related news, insider Luke J. Umstetter sold 550 shares of World Acceptance stock in a transaction on Friday, November 1st. The shares were sold at an average price of $114.30, for a total value of $62,865.00. Following the sale, the insider now owns 11,370 shares in the company, valued at $1,299,591. The trade was a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 43.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Stephens assumed coverage on shares of World Acceptance in a research report on Wednesday, November 13th. They set an “equal weight” rating and a $10.00 target price for the company.

World Acceptance Stock Performance

World Acceptance stock opened at $109.35 on Tuesday. World Acceptance Co. has a fifty-two week low of $101.85 and a fifty-two week high of $149.31. 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 stock has a market cap of $628.76 million, a P/E ratio of 7.43 and a beta of 1.42. The firm’s fifty day moving average price is $118.14 and its 200-day moving average price is $119.43.

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.