PDT Partners LLC Buys Shares of 7,035 World Acceptance Co. (NASDAQ:WRLD)

PDT Partners LLC purchased a new position in World Acceptance Co. (NASDAQ:WRLD) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,035 shares of the credit services provider’s stock, valued at approximately $830,000. PDT Partners LLC owned 0.12% of World Acceptance as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Point72 DIFC Ltd bought a new stake in World Acceptance in the 2nd quarter worth approximately $47,000. CWM LLC grew its holdings in shares of World Acceptance by 122.4% in the second quarter. CWM LLC now owns 585 shares of the credit services provider’s stock worth $72,000 after acquiring an additional 322 shares during the period. FMR LLC increased its position in World Acceptance by 19.0% during the third quarter. FMR LLC now owns 822 shares of the credit services provider’s stock valued at $97,000 after acquiring an additional 131 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in World Acceptance in the second quarter valued at about $140,000. Finally, Hancock Whitney Corp boosted its position in World Acceptance by 12.7% in the second quarter. Hancock Whitney Corp now owns 1,815 shares of the credit services provider’s stock worth $224,000 after purchasing an additional 205 shares during the last quarter. 83.63% of the stock is owned by hedge funds and other institutional investors.

World Acceptance Trading Up 0.1 %

Shares of World Acceptance stock opened at $121.00 on Tuesday. World Acceptance Co. has a 1-year low of $101.85 and a 1-year high of $149.31. The company’s fifty day simple moving average is $117.03 and its 200-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. The stock has a market capitalization of $695.75 million, a PE ratio of 8.22 and a beta of 1.42.

Wall Street Analyst Weigh In

Separately, Stephens assumed 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 objective on the stock.

Insider Buying and Selling

In other World Acceptance news, insider Luke J. Umstetter sold 550 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 11,370 shares in the company, valued at approximately $1,299,591. This trade represents a 4.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 43.20% of the stock is owned by insiders.

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.