Insider Selling: World Acceptance Co. (NASDAQ:WRLD) Insider Sells 600 Shares of Stock

World Acceptance Co. (NASDAQ:WRLD) insider Luke J. Umstetter sold 600 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $150.00, for a total value of $90,000.00. Following the completion of the sale, the insider now directly owns 15,248 shares of the company’s stock, valued at approximately $2,287,200. This trade represents a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

World Acceptance Stock Performance

WRLD stock traded down $7.32 during trading on Wednesday, hitting $143.07. The company had a trading volume of 14,999 shares, compared to its average volume of 24,498. The firm has a 50-day moving average price of $118.46 and a 200-day moving average price of $118.32. The company has a quick ratio of 19.53, a current ratio of 19.53 and a debt-to-equity ratio of 1.21. The firm has a market cap of $822.65 million, a PE ratio of 9.80 and a beta of 1.44. World Acceptance Co. has a 1-year low of $101.85 and a 1-year high of $161.63.

World Acceptance (NASDAQ:WRLD) last released its earnings results on Tuesday, January 28th. The credit services provider reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $1.22. World Acceptance had a return on equity of 19.85% and a net margin of 15.02%. On average, analysts expect that World Acceptance Co. will post 12.88 earnings per share for the current year.

Hedge Funds Weigh In On World Acceptance

A number of large investors have recently bought and sold shares of WRLD. Point72 DIFC Ltd purchased a new stake in shares of World Acceptance in the second quarter valued at about $47,000. FMR LLC boosted its holdings in World Acceptance by 19.0% in the 3rd quarter. FMR LLC now owns 822 shares of the credit services provider’s stock valued at $97,000 after purchasing an additional 131 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in World Acceptance during the 2nd quarter worth approximately $140,000. HighTower Advisors LLC raised its stake in shares of World Acceptance by 10.0% during the 3rd quarter. HighTower Advisors LLC now owns 1,791 shares of the credit services provider’s stock worth $211,000 after buying an additional 163 shares in the last quarter. Finally, Quantbot Technologies LP lifted its holdings in shares of World Acceptance by 53.3% in the 3rd quarter. Quantbot Technologies LP now owns 1,997 shares of the credit services provider’s stock valued at $236,000 after buying an additional 694 shares during the period. Hedge funds and other institutional investors own 83.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on WRLD shares. Stephens initiated coverage on World Acceptance in a report on Wednesday, November 13th. They issued an “equal weight” rating and a $10.00 price objective for the company. StockNews.com upgraded shares of World Acceptance from a “buy” rating to a “strong-buy” rating in a research note on Monday, January 13th.

World Acceptance Company 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.