World Acceptance (NASDAQ:WRLD) Sees Unusually-High Trading Volume – Here’s What Happened

World Acceptance Co. (NASDAQ:WRLD) saw an uptick in trading volume on Tuesday . 44,065 shares were traded during trading, an increase of 50% from the previous session’s volume of 29,411 shares.The stock last traded at $119.66 and had previously closed at $112.54.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised World Acceptance from a “buy” rating to a “strong-buy” rating in a research report on Sunday.

World Acceptance Stock Down 3.6 %

The company has a market cap of $699.01 million, a P/E ratio of 8.49 and a beta of 1.35. The company has a debt-to-equity ratio of 1.31, a quick ratio of 22.46 and a current ratio of 22.46. The business’s fifty day moving average is $130.98 and its two-hundred day moving average is $122.92.

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

Insider Buying and Selling at World Acceptance

In other news, SVP Scott Mcintyre sold 2,000 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $150.22, for a total transaction of $300,440.00. Following the transaction, the senior vice president now directly owns 7,183 shares in the company, valued at approximately $1,079,030.26. This trade represents a 21.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Luke J. Umstetter sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $150.00, for a total transaction of $90,000.00. Following the completion of the transaction, the insider now directly owns 15,248 shares of the company’s stock, valued at $2,287,200. This trade represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,188 shares of company stock valued at $619,409 in the last ninety days. Corporate insiders own 43.20% of the company’s stock.

Institutional Trading of World Acceptance

Several hedge funds have recently modified their holdings of WRLD. Versant Capital Management Inc increased its position in shares of World Acceptance by 72.1% during the first quarter. Versant Capital Management Inc now owns 265 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 111 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of World Acceptance during the fourth quarter worth about $56,000. FMR LLC increased its holdings 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 valued at $97,000 after acquiring an additional 131 shares in the last quarter. Amundi raised its position in shares of World Acceptance by 195.7% in the 4th quarter. Amundi now owns 1,591 shares of the credit services provider’s stock valued at $180,000 after purchasing an additional 1,053 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in World Acceptance by 48.8% in the 4th quarter. Wells Fargo & Company MN now owns 1,643 shares of the credit services provider’s stock worth $185,000 after purchasing an additional 539 shares in the last quarter. 83.63% of the stock is owned by hedge funds and other institutional investors.

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.