Insider Selling: World Acceptance Co. (NASDAQ:WRLD) Insider Sells $90,000.00 in Stock

World Acceptance Co. (NASDAQ:WRLD) insider Luke J. Umstetter sold 600 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $150.00, for a total transaction of $90,000.00. Following the completion of the sale, the insider now directly owns 15,248 shares in the company, valued at approximately $2,287,200. The trade was a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

World Acceptance Stock Down 1.5 %

WRLD opened at $141.16 on Friday. The company has a fifty day moving average of $119.97 and a two-hundred day moving average of $118.70. The stock has a market capitalization of $811.67 million, a price-to-earnings ratio of 9.86 and a beta of 1.44. World Acceptance Co. has a fifty-two week low of $101.85 and a fifty-two week high of $161.63. The company has a debt-to-equity ratio of 1.31, a quick ratio of 19.53 and a current ratio of 22.46.

World Acceptance (NASDAQ:WRLD) last announced its quarterly earnings results on Tuesday, January 28th. The credit services provider reported $2.45 earnings per share for the quarter, beating the consensus estimate of $1.23 by $1.22. World Acceptance had a return on equity of 19.03% and a net margin of 14.41%. On average, research analysts expect that World Acceptance Co. will post 13.61 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in WRLD. Quest Partners LLC increased its holdings 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 acquiring an additional 93 shares in the last quarter. FMR LLC increased its stake 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 in the last quarter. HighTower Advisors LLC raised its position in shares of 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 purchasing an additional 163 shares during the last quarter. Principal Financial Group Inc. lifted its stake in World Acceptance by 1.1% in 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 buying an additional 176 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its holdings in World Acceptance by 4.8% in the 2nd quarter. Public Sector Pension Investment Board now owns 7,395 shares of the credit services provider’s stock worth $914,000 after buying an additional 340 shares during the last quarter. 83.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WRLD has been the topic of a number of recent research reports. Stephens started coverage on World Acceptance in a research note on Wednesday, November 13th. They issued an “equal weight” rating and a $10.00 target price on the stock. StockNews.com upgraded World Acceptance from a “buy” rating to a “strong-buy” rating in a research 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.