World Acceptance (NASDAQ:WRLD) Shares Gap Down – Should You Sell?

World Acceptance Co. (NASDAQ:WRLD)’s stock price 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 traded.

Analyst Upgrades and Downgrades

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

World Acceptance Trading Up 1.6 %

The firm has a fifty day moving average of $117.05 and a 200-day moving average of $118.23. The company has a debt-to-equity ratio of 1.21, a quick ratio of 19.53 and a current ratio of 19.53. 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 Activity

In other news, insider Luke J. Umstetter sold 550 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $114.30, for a total value of $62,865.00. Following the sale, the insider now owns 11,370 shares in the company, valued at approximately $1,299,591. This represents a 4.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 43.20% of the company’s stock.

Hedge Funds Weigh In On World Acceptance

A number of large investors have recently bought and sold shares of WRLD. American Century Companies Inc. boosted its stake in World Acceptance by 107.2% in the 2nd quarter. American Century Companies Inc. now owns 39,580 shares of the credit services provider’s stock worth $4,891,000 after purchasing an additional 20,475 shares during the period. Renaissance Technologies LLC raised its stake in shares of World Acceptance by 7.9% in the second quarter. Renaissance Technologies LLC now owns 34,025 shares of the credit services provider’s stock valued at $4,205,000 after purchasing an additional 2,500 shares in the last quarter. Hsbc Holdings PLC bought a new position in World Acceptance during the second quarter worth about $372,000. Hancock Whitney Corp lifted its holdings in shares of World Acceptance by 12.7% during the second quarter. Hancock Whitney Corp now owns 1,815 shares of the credit services provider’s stock valued at $224,000 after acquiring an additional 205 shares during the period. Finally, Public Sector Pension Investment Board boosted its holdings in shares of World Acceptance by 4.8% in the 2nd quarter. Public Sector Pension Investment Board now owns 7,395 shares of the credit services provider’s stock worth $914,000 after acquiring an additional 340 shares in the last quarter. Institutional investors own 83.63% of the company’s stock.

About World Acceptance

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.