World Acceptance Co. (NASDAQ:WRLD) Insider Sells $73,292.72 in Stock

World Acceptance Co. (NASDAQ:WRLD) insider Luke J. Umstetter sold 488 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $150.19, for a total transaction of $73,292.72. Following the transaction, the insider now owns 14,760 shares in the company, valued at $2,216,804.40. This represents a 3.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

World Acceptance Stock Down 0.9 %

Shares of WRLD traded down $1.37 on Tuesday, reaching $150.88. The company’s stock had a trading volume of 4,283 shares, compared to its average volume of 25,791. The company has a current ratio of 22.46, a quick ratio of 19.53 and a debt-to-equity ratio of 1.31. World Acceptance Co. has a twelve month low of $101.85 and a twelve month high of $161.63. The stock has a market capitalization of $867.56 million, a PE ratio of 10.54 and a beta of 1.46. The firm has a fifty day moving average of $125.29 and a 200-day moving average of $119.37.

World Acceptance (NASDAQ:WRLD) last posted its earnings results on Tuesday, January 28th. The credit services provider reported $2.45 earnings per share for the quarter, topping 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 analysts predict that World Acceptance Co. will post 14 EPS for the current year.

Institutional Investors Weigh In On World Acceptance

A number of institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in World Acceptance by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,966 shares of the credit services provider’s stock worth $221,000 after purchasing an additional 76 shares in the last quarter. Quest Partners LLC grew its position in World Acceptance by 2.7% in the 3rd quarter. Quest Partners LLC now owns 3,519 shares of the credit services provider’s stock worth $415,000 after purchasing an additional 93 shares in the last quarter. Comerica Bank grew its position in World Acceptance by 3.8% in the 4th quarter. Comerica Bank now owns 2,513 shares of the credit services provider’s stock worth $283,000 after purchasing an additional 93 shares in the last quarter. FMR LLC grew its position in World Acceptance by 19.0% in the 3rd quarter. FMR LLC now owns 822 shares of the credit services provider’s stock worth $97,000 after purchasing an additional 131 shares in the last quarter. Finally, HighTower Advisors LLC grew its position in World Acceptance by 10.0% in the 3rd quarter. HighTower Advisors LLC now owns 1,791 shares of the credit services provider’s stock worth $211,000 after purchasing an additional 163 shares in the last quarter. 83.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on WRLD. Stephens began coverage on shares of World Acceptance in a report on Wednesday, November 13th. They set 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.