Victory Capital Management Inc. bought a new stake in shares of World Acceptance Co. (NASDAQ:WRLD) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,836 shares of the credit services provider’s stock, valued at approximately $238,000.
Other institutional investors have also made changes to their positions in the company. Vantage Consulting Group Inc acquired a new stake in shares of World Acceptance during the fourth quarter valued at about $25,000. KBC Group NV acquired a new stake in shares of World Acceptance during the first quarter valued at about $75,000. Louisiana State Employees Retirement System acquired a new stake in shares of World Acceptance during the first quarter valued at about $234,000. SG Americas Securities LLC acquired a new stake in shares of World Acceptance during the fourth quarter valued at about $282,000. Finally, Citigroup Inc. grew its stake in shares of World Acceptance by 21.0% during the fourth quarter. Citigroup Inc. now owns 3,587 shares of the credit services provider’s stock valued at $367,000 after acquiring an additional 623 shares in the last quarter. Institutional investors own 83.95% of the company’s stock.
Shares of WRLD stock opened at $157.03 on Friday. The company has a quick ratio of 20.05, a current ratio of 14.24 and a debt-to-equity ratio of 1.00. World Acceptance Co. has a one year low of $60.95 and a one year high of $170.98. The stock’s 50-day moving average is $141.51. The company has a market capitalization of $1.06 billion, a PE ratio of 11.71 and a beta of 1.60.
Several analysts have recently weighed in on WRLD shares. Jefferies Financial Group reaffirmed a “sell” rating and set a $57.00 price target on shares of World Acceptance in a research report on Tuesday, April 13th. Zacks Investment Research cut shares of World Acceptance from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 6th.
World Acceptance Company Profile
World Acceptance Corporation, together with its subsidiaries, engages in small-loan consumer finance business. The company offers short-term small installment loans, medium-term larger installment loans, related credit insurance, and ancillary products and services to individuals. It also provides automobile club memberships to its borrowers; and income tax return preparation and electronic filing services.
Read More: Why do analysts give a neutral rating?
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