Greenline Partners LLC increased its position in shares of World Acceptance Co. (NASDAQ:WRLD – Get Rating) by 2.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,545 shares of the credit services provider's stock after purchasing an additional 225 shares during the quarter. Greenline Partners LLC owned approximately 0.14% of World Acceptance worth $827,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the company. State Street Corp increased its position in shares of World Acceptance by 0.3% during the 3rd quarter. State Street Corp now owns 133,111 shares of the credit services provider's stock worth $12,888,000 after purchasing an additional 388 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of World Acceptance by 1,499.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 6,925 shares of the credit services provider's stock valued at $670,000 after purchasing an additional 6,492 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of World Acceptance by 523.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 91,027 shares of the credit services provider's stock valued at $8,813,000 after purchasing an additional 76,432 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of World Acceptance by 4.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 3,766 shares of the credit services provider's stock valued at $365,000 after purchasing an additional 177 shares during the last quarter. Finally, Two Sigma Advisers LP bought a new position in shares of World Acceptance in the 3rd quarter valued at about $1,994,000. Institutional investors and hedge funds own 88.54% of the company's stock.Get World Acceptance alerts:
Analysts Set New Price Targets
Separately, BMO Capital Markets reduced 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.
In related 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 transaction, the director now directly owns 32,519 shares in the company, valued at $3,154,343. The sale was disclosed in a filing with the SEC, which is available through this link. 41.00% of the stock is owned by corporate insiders.
World Acceptance Stock Down 2.6 %
WRLD traded down $2.19 during trading on Friday, reaching $83.58. The company had a trading volume of 54,655 shares, compared to its average volume of 100,512. The company has a debt-to-equity ratio of 2.01, a current ratio of 20.53 and a quick ratio of 20.53. World Acceptance Co. has a 12 month low of $58.44 and a 12 month high of $209.88. The company has a market cap of $520.70 million, a P/E ratio of 39.34 and a beta of 1.28. The business's fifty day moving average price is $88.45 and its 200 day moving average price is $88.98.
World Acceptance Company Profile
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.
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