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

World Acceptance Co. (NASDAQ:WRLD) SVP Alice Lindsay Caulder sold 600 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $139.81, for a total transaction of $83,886.00. Following the completion of the transaction, the senior vice president now directly owns 8,524 shares of the company’s stock, valued at $1,191,740.44. This represents a 6.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

World Acceptance Stock Down 1.1 %

Shares of WRLD traded down $1.54 during midday trading on Monday, reaching $139.63. The stock had a trading volume of 9,191 shares, compared to its average volume of 25,874. World Acceptance Co. has a 1-year low of $101.85 and a 1-year high of $161.63. The company’s fifty day simple moving average is $119.97 and its two-hundred day simple moving average is $118.34. The company has a market cap of $802.84 million, a price-to-earnings ratio of 9.75 and a beta of 1.46. The company has a debt-to-equity ratio of 1.31, a current ratio of 22.46 and a quick ratio of 19.53.

World Acceptance (NASDAQ:WRLD) last announced its quarterly earnings data 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%. Equities research analysts expect that World Acceptance Co. will post 13.61 earnings per share for the current year.

Institutional Investors Weigh In On World Acceptance

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC raised its stake in World Acceptance by 19.0% during the 3rd quarter. FMR LLC now owns 822 shares of the credit services provider’s stock worth $97,000 after acquiring an additional 131 shares in the last quarter. HighTower Advisors LLC raised its stake in 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 acquiring an additional 163 shares in the last quarter. Quantbot Technologies LP raised its stake in World Acceptance by 53.3% during the 3rd quarter. Quantbot Technologies LP now owns 1,997 shares of the credit services provider’s stock worth $236,000 after acquiring an additional 694 shares in the last quarter. ClearAlpha Technologies LP acquired a new stake in World Acceptance during the 3rd quarter worth $265,000. Finally, Intech Investment Management LLC acquired a new stake in World Acceptance during the 3rd quarter worth $275,000. 83.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on WRLD shares. Stephens started coverage on shares of World Acceptance in a report on Wednesday, November 13th. They issued an “equal weight” rating and a $10.00 price objective on the stock. 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.