World Acceptance (NASDAQ:WRLD) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of World Acceptance (NASDAQ:WRLD – Get Rating) in a report issued on Thursday. The firm set a “hold” rating on the credit services provider’s stock.

Separately, BMO Capital Markets dropped their price objective on shares of World Acceptance from $46.00 to $32.00 and set an “underperform” rating on the stock in a research note on Friday, January 27th.

World Acceptance Stock Performance

Shares of WRLD opened at $82.76 on Thursday. The company has a debt-to-equity ratio of 2.01, a quick ratio of 20.53 and a current ratio of 20.53. The stock has a market capitalization of $515.59 million, a P/E ratio of 37.96 and a beta of 1.28. The company’s fifty day moving average is $89.44 and its two-hundred day moving average is $87.68. World Acceptance has a 1 year low of $58.44 and a 1 year high of $209.88.

Insiders Place Their Bets

In other World Acceptance news, Director Ken R. Bramlett, Jr. sold 3,000 shares of the business’s stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $97.00, for a total transaction of $291,000.00. Following the sale, the director now directly owns 32,519 shares in the company, valued at approximately $3,154,343. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 41.00% of the company’s stock.

Institutional Investors Weigh In On World Acceptance

Institutional investors have recently made changes to their positions in the stock. Point72 Hong Kong Ltd purchased a new stake in shares of World Acceptance during the 2nd quarter worth $25,000. PNC Financial Services Group Inc. boosted its position in shares of World Acceptance by 59.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 423 shares of the credit services provider’s stock worth $28,000 after buying an additional 158 shares in the last quarter. Wagner Wealth Management LLC acquired a new position in World Acceptance in the 2nd quarter valued at about $34,000. UBS Group AG raised its stake in World Acceptance by 162.7% in the 3rd quarter. UBS Group AG now owns 578 shares of the credit services provider’s stock valued at $56,000 after purchasing an additional 358 shares during the last quarter. Finally, Barclays PLC raised its stake in World Acceptance by 35.7% in the 4th quarter. Barclays PLC now owns 1,760 shares of the credit services provider’s stock valued at $116,000 after purchasing an additional 463 shares during the last quarter. 88.54% of the stock is currently owned by hedge funds and other institutional investors.

World Acceptance Company Profile

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World Acceptance Corp. engages in the small-loan consumer finance business. It offers short-term small instalment, medium-term larger loans, related credit insurance, ancillary products and services to individuals. The firm also offers income tax return preparation services to customers. The company also markets computer software and related services to financial services companies through its subsidiary, ParaData Financial Systems.