World Acceptance (NASDAQ:WRLD) Sees Large Volume Increase – What’s Next?

World Acceptance Co. (NASDAQ:WRLD) saw unusually-high trading volume on Tuesday . Approximately 25,906 shares changed hands during mid-day trading, a decline of 9% from the previous session’s volume of 28,489 shares.The stock last traded at $130.50 and had previously closed at $125.40.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded World Acceptance from a “buy” rating to a “strong-buy” rating in a report on Monday, January 13th.

World Acceptance Price Performance

The company has a current ratio of 22.46, a quick ratio of 22.46 and a debt-to-equity ratio of 1.31. The firm has a market cap of $750.04 million, a PE ratio of 9.11 and a beta of 1.48. The business has a fifty day moving average of $133.88 and a 200-day moving average of $122.55.

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

Insiders Place Their Bets

In other news, SVP Jason E. Childers sold 500 shares of World Acceptance stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $143.58, for a total value of $71,790.00. Following the transaction, the senior vice president now owns 8,039 shares in the company, valued at approximately $1,154,239.62. The trade was a 5.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Alice Lindsay Caulder sold 600 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $139.81, for a total value of $83,886.00. Following the sale, the senior vice president now owns 8,524 shares of the company’s stock, valued at $1,191,740.44. This represents a 6.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,188 shares of company stock valued at $619,409 over the last 90 days. Insiders own 43.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in World Acceptance by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,966 shares of the credit services provider’s stock valued at $221,000 after buying an additional 76 shares during the period. Comerica Bank raised its stake in shares of World Acceptance by 3.8% during the fourth quarter. Comerica Bank now owns 2,513 shares of the credit services provider’s stock valued at $283,000 after acquiring an additional 93 shares during the last quarter. FMR LLC boosted its holdings in shares of World Acceptance by 19.0% during the third quarter. FMR LLC now owns 822 shares of the credit services provider’s stock worth $97,000 after purchasing an additional 131 shares during the period. HighTower Advisors LLC grew its stake in shares of 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 purchasing an additional 163 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in World Acceptance by 1.1% during the 4th quarter. Principal Financial Group Inc. now owns 15,776 shares of the credit services provider’s stock valued at $1,774,000 after purchasing an additional 176 shares during the last quarter. 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.