Luke J. Umstetter Sells 600 Shares of World Acceptance Co. (NASDAQ:WRLD) Stock

World Acceptance Co. (NASDAQ:WRLD) insider Luke J. Umstetter sold 600 shares of World Acceptance stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $150.00, for a total transaction of $90,000.00. Following the transaction, the insider now directly owns 15,248 shares in the company, valued at $2,287,200. This represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

World Acceptance Trading Down 0.6 %

NASDAQ WRLD opened at $143.36 on Friday. The stock has a market capitalization of $824.32 million, a price-to-earnings ratio of 10.01 and a beta of 1.44. World Acceptance Co. has a one year low of $101.85 and a one year high of $161.63. The company has a debt-to-equity ratio of 1.31, a current ratio of 22.46 and a quick ratio of 19.53. The business’s fifty day moving average is $119.53 and its 200-day moving average is $118.67.

World Acceptance (NASDAQ:WRLD) last released its earnings results 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%. Equities research analysts predict that World Acceptance Co. will post 13.61 EPS for the current year.

Institutional Investors Weigh In On World Acceptance

A number of hedge funds have recently made changes to their positions in WRLD. Point72 DIFC Ltd bought a new stake in shares of World Acceptance during the 2nd quarter worth $47,000. FMR LLC raised its stake in World Acceptance by 19.0% in the 3rd 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. Point72 Asia Singapore Pte. Ltd. bought a new stake in World Acceptance in the 2nd quarter valued at about $140,000. HighTower Advisors LLC raised its stake 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 valued at $211,000 after acquiring an additional 163 shares during the period. Finally, Quantbot Technologies LP raised its stake in World Acceptance by 53.3% in the 3rd quarter. Quantbot Technologies LP now owns 1,997 shares of the credit services provider’s stock valued at $236,000 after acquiring an additional 694 shares during the period. 83.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports 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 raised 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.