Insider Selling: World Acceptance Co. (NASDAQ:WRLD) SVP Sells $300,440.00 in Stock

World Acceptance Co. (NASDAQ:WRLD) SVP Scott Mcintyre sold 2,000 shares of World Acceptance stock in a transaction on Friday, February 14th. The shares were sold at an average price of $150.22, for a total value of $300,440.00. Following the completion of the sale, the senior vice president now directly owns 7,183 shares of the company’s stock, valued at $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 SEC, which is accessible through the SEC website.

World Acceptance Stock Down 1.6 %

Shares of World Acceptance stock opened at $144.77 on Friday. The company has a quick ratio of 22.46, a current ratio of 22.46 and a debt-to-equity ratio of 1.31. World Acceptance Co. has a 12 month low of $101.85 and a 12 month high of $161.63. The business has a fifty day simple moving average of $126.93 and a 200 day simple moving average of $120.01. The stock has a market cap of $832.43 million, a PE ratio of 10.11 and a beta of 1.46.

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

Institutional Investors Weigh In On World Acceptance

Institutional investors have recently made changes to their positions in the stock. KLP Kapitalforvaltning AS acquired a new position in World Acceptance in the fourth quarter valued at about $56,000. FMR LLC grew 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 valued at $97,000 after acquiring an additional 131 shares during the period. Amundi grew its stake in World Acceptance by 195.7% in the fourth quarter. Amundi now owns 1,591 shares of the credit services provider’s stock valued at $180,000 after acquiring an additional 1,053 shares during the period. Wells Fargo & Company MN grew its stake in World Acceptance by 48.8% in the fourth quarter. Wells Fargo & Company MN now owns 1,643 shares of the credit services provider’s stock valued at $185,000 after acquiring an additional 539 shares during the period. Finally, HighTower Advisors LLC grew 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 valued at $211,000 after acquiring an additional 163 shares during the period. 83.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Stephens assumed coverage on World Acceptance in a research note on Wednesday, November 13th. They issued an “equal weight” rating and a $10.00 target price for the company. StockNews.com raised 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.