World Acceptance Co. (NASDAQ:WRLD) Stake Cut by Patton Albertson Miller Group LLC

Patton Albertson Miller Group LLC decreased its holdings in shares of World Acceptance Co. (NASDAQ:WRLD) by 3.0% in the 4th quarter, Holdings Channel reports. The firm owned 9,884 shares of the credit services provider’s stock after selling 307 shares during the quarter. Patton Albertson Miller Group LLC’s holdings in World Acceptance were worth $1,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of WRLD. Millennium Management LLC grew its stake in World Acceptance by 125.2% during the 2nd quarter. Millennium Management LLC now owns 22,184 shares of the credit services provider’s stock worth $2,741,000 after buying an additional 12,333 shares during the last quarter. AQR Capital Management LLC grew its position in shares of World Acceptance by 38.0% during the second quarter. AQR Capital Management LLC now owns 40,475 shares of the credit services provider’s stock worth $5,002,000 after acquiring an additional 11,135 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of World Acceptance by 49.6% during the third quarter. JPMorgan Chase & Co. now owns 21,774 shares of the credit services provider’s stock worth $2,569,000 after acquiring an additional 7,223 shares during the last quarter. PDT Partners LLC acquired a new stake in shares of World Acceptance in the 3rd quarter worth about $830,000. Finally, Barclays PLC lifted its position in World Acceptance by 282.9% in the 3rd quarter. Barclays PLC now owns 7,657 shares of the credit services provider’s stock valued at $903,000 after purchasing an additional 5,657 shares during the last quarter. 83.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Stephens started coverage on shares of World Acceptance in a research note on Wednesday, November 13th. They issued an “equal weight” rating and a $10.00 price target on the stock. StockNews.com upgraded World Acceptance from a “buy” rating to a “strong-buy” rating in a research report on Monday, January 13th.

Insiders Place Their Bets

In other news, insider Luke J. Umstetter sold 550 shares of World Acceptance stock in a transaction on Friday, November 1st. The stock was sold at an average price of $114.30, for a total transaction of $62,865.00. Following the transaction, the insider now directly owns 11,370 shares in the company, valued at approximately $1,299,591. This trade represents a 4.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 43.20% of the stock is owned by insiders.

World Acceptance Price Performance

Shares of NASDAQ WRLD opened at $129.66 on Friday. The firm’s 50-day simple moving average is $117.51 and its 200 day simple moving average is $118.26. The stock has a market cap of $745.55 million, a P/E ratio of 8.81 and a beta of 1.44. The company has a quick ratio of 19.53, a current ratio of 19.53 and a debt-to-equity ratio of 1.21. World Acceptance Co. has a fifty-two week low of $101.85 and a fifty-two week high of $149.31.

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.