Luke J. Umstetter Sells 550 Shares of World Acceptance Co. (NASDAQ:WRLD) Stock

World Acceptance Co. (NASDAQ:WRLD) insider Luke J. Umstetter sold 550 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $114.30, for a total transaction of $62,865.00. Following the transaction, the insider now owns 11,370 shares of the company’s stock, valued at approximately $1,299,591. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

World Acceptance Stock Performance

Shares of WRLD opened at $114.54 on Wednesday. The company has a 50-day simple moving average of $116.35 and a 200-day simple moving average of $122.94. The company has a quick ratio of 17.02, a current ratio of 19.53 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $670.06 million, a PE ratio of 7.79 and a beta of 1.40. World Acceptance Co. has a 52-week low of $100.92 and a 52-week high of $149.31.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of World Acceptance from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 19th.

Hedge Funds Weigh In On World Acceptance

A number of large investors have recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC increased its holdings in shares of World Acceptance by 2.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,770 shares of the credit services provider’s stock valued at $547,000 after purchasing an additional 93 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of World Acceptance by 4.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,329 shares of the credit services provider’s stock valued at $338,000 after purchasing an additional 107 shares in the last quarter. Hancock Whitney Corp increased its holdings in shares of World Acceptance by 12.7% in the 2nd quarter. Hancock Whitney Corp now owns 1,815 shares of the credit services provider’s stock valued at $224,000 after purchasing an additional 205 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of World Acceptance by 7.3% in the 1st quarter. SG Americas Securities LLC now owns 4,279 shares of the credit services provider’s stock valued at $620,000 after purchasing an additional 291 shares in the last quarter. Finally, CWM LLC grew its stake in World Acceptance by 122.4% in the 2nd quarter. CWM LLC now owns 585 shares of the credit services provider’s stock valued at $72,000 after acquiring an additional 322 shares during the last quarter. Hedge funds and other 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.