World Acceptance Co. (NASDAQ:WRLD) Insider Sells $90,000.00 in Stock

World Acceptance Co. (NASDAQ:WRLD) insider Luke J. Umstetter sold 600 shares of World Acceptance 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 transaction, the insider now directly owns 15,248 shares of the company’s stock, valued at $2,287,200. The trade was a 3.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

World Acceptance Stock Down 0.6 %

Shares of NASDAQ WRLD opened at $143.36 on Friday. World Acceptance Co. has a 12 month low of $101.85 and a 12 month high of $161.63. The company has a current ratio of 22.46, a quick ratio of 19.53 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $824.32 million, a price-to-earnings ratio of 10.01 and a beta of 1.44. The business has a 50-day moving average of $119.53 and a 200-day moving average of $118.67.

World Acceptance (NASDAQ:WRLD) last issued its quarterly earnings data on Tuesday, January 28th. The credit services provider reported $2.45 EPS for the quarter, topping the consensus estimate of $1.23 by $1.22. World Acceptance had a return on equity of 19.03% and a net margin of 14.41%. Sell-side analysts expect that World Acceptance Co. will post 13.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WRLD. StockNews.com raised World Acceptance from a “buy” rating to a “strong-buy” rating in a report on Monday, January 13th. Stephens began coverage on World Acceptance in a report on Wednesday, November 13th. They set an “equal weight” rating and a $10.00 target price for the company.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of WRLD. Point72 DIFC Ltd purchased a new position in shares of World Acceptance during the second quarter worth about $47,000. FMR LLC boosted its stake in World Acceptance by 19.0% in the third quarter. FMR LLC now owns 822 shares of the credit services provider’s stock worth $97,000 after buying an additional 131 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in World Acceptance in the second quarter worth approximately $140,000. HighTower Advisors LLC boosted its stake in World Acceptance by 10.0% in the third 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 boosted its stake in World Acceptance by 53.3% in the third quarter. Quantbot Technologies LP now owns 1,997 shares of the credit services provider’s stock worth $236,000 after buying an additional 694 shares in the last quarter. Hedge funds and other 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.