World Acceptance Co. (NASDAQ:WRLD) Insider Luke J. Umstetter Sells 488 Shares

World Acceptance Co. (NASDAQ:WRLD) insider Luke J. Umstetter sold 488 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $150.19, for a total transaction of $73,292.72. Following the completion of the sale, the insider now owns 14,760 shares of the company’s stock, valued at approximately $2,216,804.40. The trade was a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

World Acceptance Trading Down 3.3 %

Shares of WRLD stock opened at $147.16 on Wednesday. The stock has a market cap of $846.17 million, a price-to-earnings ratio of 10.28 and a beta of 1.46. The company has a quick ratio of 19.53, a current ratio of 22.46 and a debt-to-equity ratio of 1.31. World Acceptance Co. has a fifty-two week low of $101.85 and a fifty-two week high of $161.63. The firm’s 50 day moving average price is $125.82 and its two-hundred day moving average price is $119.64.

World Acceptance (NASDAQ:WRLD) last announced its quarterly earnings results on Tuesday, January 28th. The credit services provider reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $1.22. World Acceptance had a net margin of 14.41% and a return on equity of 19.03%. On average, analysts anticipate that World Acceptance Co. will post 14 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of World Acceptance by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,966 shares of the credit services provider’s stock worth $221,000 after purchasing an additional 76 shares in the last quarter. Quest Partners LLC lifted its position in shares of World Acceptance by 2.7% during the third quarter. Quest Partners LLC now owns 3,519 shares of the credit services provider’s stock worth $415,000 after purchasing an additional 93 shares in the last quarter. Comerica Bank lifted its position in shares of World Acceptance by 3.8% during the fourth quarter. Comerica Bank now owns 2,513 shares of the credit services provider’s stock worth $283,000 after purchasing an additional 93 shares in the last quarter. FMR LLC lifted its position in shares of World Acceptance by 19.0% during the third quarter. FMR LLC now owns 822 shares of the credit services provider’s stock worth $97,000 after purchasing an additional 131 shares in the last quarter. Finally, HighTower Advisors LLC lifted its position in shares of World Acceptance by 10.0% during the third quarter. HighTower Advisors LLC now owns 1,791 shares of the credit services provider’s stock worth $211,000 after purchasing an additional 163 shares in the last quarter. 83.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Stephens assumed coverage on shares of World Acceptance in a report on Wednesday, November 13th. They issued an “equal weight” rating and a $10.00 target price for the company. StockNews.com upgraded shares of World Acceptance from a “buy” rating to a “strong-buy” rating in a report on Monday, January 13th.

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.