World Acceptance (NASDAQ:WRLD) Shares Gap Down – What’s Next?

Shares of World Acceptance Co. (NASDAQ:WRLD) gapped down before the market opened on Tuesday . The stock had previously closed at $127.34, but opened at $122.55. World Acceptance shares last traded at $131.31, with a volume of 1,901 shares.

Analyst Ratings Changes

WRLD has been the topic of a number of recent analyst reports. Stephens began coverage on shares of World Acceptance in a research note on Wednesday, November 13th. They set an “equal weight” rating and a $10.00 price target on the stock. StockNews.com upgraded shares of World Acceptance from a “buy” rating to a “strong-buy” rating in a research report on Monday, January 13th.

World Acceptance Stock Performance

The firm has a fifty day moving average of $117.05 and a 200-day moving average of $118.23. 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 capitalization of $736.92 million, a price-to-earnings ratio of 8.71 and a beta of 1.44.

Insider Transactions at World Acceptance

In other news, insider Luke J. Umstetter sold 550 shares of the firm’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 completion of the transaction, the insider now directly owns 11,370 shares of the company’s stock, valued at $1,299,591. This trade represents a 4.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 43.20% of the company’s stock.

Institutional Trading of World Acceptance

Large investors have recently made changes to their positions in the stock. Point72 DIFC Ltd purchased a new position in World Acceptance in the 2nd quarter valued at about $47,000. FMR LLC lifted its stake in shares of World Acceptance by 19.0% during the third quarter. FMR LLC now owns 822 shares of the credit services provider’s stock valued at $97,000 after buying an additional 131 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in World Acceptance during the second quarter worth approximately $140,000. HighTower Advisors LLC grew its stake in World Acceptance by 10.0% in the 3rd quarter. HighTower Advisors LLC now owns 1,791 shares of the credit services provider’s stock worth $211,000 after acquiring an additional 163 shares during the period. Finally, Hancock Whitney Corp grew its stake in 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. Institutional investors and hedge funds own 83.63% of the company’s stock.

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.