World Acceptance (NASDAQ:WRLD) Raised to Strong-Buy at StockNews.com

World Acceptance (NASDAQ:WRLD) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Monday.

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

World Acceptance Stock Up 2.7 %

Shares of WRLD stock traded up $2.92 during mid-day trading on Monday, reaching $112.56. 20,341 shares of the company’s stock traded hands, compared to its average volume of 21,820. 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 company’s 50-day moving average price is $116.71 and its 200-day moving average price is $118.23. World Acceptance has a 12 month low of $101.85 and a 12 month high of $149.31. The company has a market cap of $647.22 million, a P/E ratio of 7.65 and a beta of 1.44.

Insider Activity at World Acceptance

In related news, insider Luke J. Umstetter sold 550 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $114.30, for a total transaction of $62,865.00. Following the transaction, the insider now owns 11,370 shares of the company’s stock, valued at approximately $1,299,591. This represents a 4.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 43.20% of the company’s stock.

Institutional Trading of World Acceptance

Large investors have recently added to or reduced their stakes in the stock. Quest Partners LLC boosted its holdings in shares of World Acceptance by 2.7% in the 3rd quarter. Quest Partners LLC now owns 3,519 shares of the credit services provider’s stock valued at $415,000 after buying an additional 93 shares during the period. FMR LLC increased its holdings in shares of World Acceptance by 19.0% in the 3rd quarter. FMR LLC now owns 822 shares of the credit services provider’s stock worth $97,000 after acquiring an additional 131 shares during the period. HighTower Advisors LLC grew its stake in shares of World Acceptance by 10.0% in the third quarter. HighTower Advisors LLC now owns 1,791 shares of the credit services provider’s stock worth $211,000 after purchasing an additional 163 shares in the last quarter. Hancock Whitney Corp lifted its stake in shares of World Acceptance by 12.7% in the 2nd quarter. Hancock Whitney Corp now owns 1,815 shares of the credit services provider’s stock worth $224,000 after acquiring an additional 205 shares during the period. Finally, Public Sector Pension Investment Board boosted its holdings in shares of World Acceptance by 4.8% in the second quarter. Public Sector Pension Investment Board now owns 7,395 shares of the credit services provider’s stock valued at $914,000 after acquiring an additional 340 shares in the last quarter. 83.63% of the stock is currently owned by institutional investors and hedge funds.

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.