PDT Partners LLC Takes $830,000 Position in World Acceptance Co. (NASDAQ:WRLD)

PDT Partners LLC bought a new position in shares of World Acceptance Co. (NASDAQ:WRLD) in the 3rd quarter, Holdings Channel.com reports. The firm bought 7,035 shares of the credit services provider’s stock, valued at approximately $830,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in World Acceptance by 19.0% during the 3rd quarter. FMR LLC now owns 822 shares of the credit services provider’s stock valued at $97,000 after buying an additional 131 shares in the last quarter. Quantbot Technologies LP boosted its position in shares of World Acceptance by 53.3% during the third quarter. Quantbot Technologies LP now owns 1,997 shares of the credit services provider’s stock worth $236,000 after acquiring an additional 694 shares during the last quarter. Intech Investment Management LLC purchased a new position in World Acceptance during the third quarter valued at $275,000. Quest Partners LLC increased its holdings in 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 acquiring an additional 93 shares during the last quarter. Finally, Empowered Funds LLC lifted its stake in World Acceptance by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 21,430 shares of the credit services provider’s stock worth $2,528,000 after purchasing an additional 1,072 shares in the last quarter. Institutional investors own 83.63% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other World Acceptance news, insider Luke J. Umstetter sold 550 shares of the business’s stock in a transaction 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 in the company, valued at $1,299,591. The trade was a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 43.20% of the stock is currently owned by company insiders.

World Acceptance Stock Performance

NASDAQ:WRLD opened at $121.00 on Tuesday. The company has a market cap of $695.75 million, a price-to-earnings ratio of 8.22 and a beta of 1.42. World Acceptance Co. has a 1 year low of $101.85 and a 1 year high of $149.31. The stock’s 50 day simple moving average is $117.03 and its two-hundred day simple moving average is $120.53. The company has a debt-to-equity ratio of 1.21, a current ratio of 19.53 and a quick ratio of 19.53.

World Acceptance 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.