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 World Acceptance stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $150.19, for a total transaction of $73,292.72. Following the completion of the transaction, the insider now directly owns 14,760 shares in the company, valued at approximately $2,216,804.40. This represents a 3.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

World Acceptance Trading Down 1.6 %

NASDAQ:WRLD opened at $144.77 on Friday. World Acceptance Co. has a 12 month low of $101.85 and a 12 month high of $161.63. The firm has a market cap of $832.43 million, a price-to-earnings ratio of 10.11 and a beta of 1.46. The company has a quick ratio of 22.46, a current ratio of 22.46 and a debt-to-equity ratio of 1.31. The company’s 50 day moving average is $126.93 and its 200-day moving average is $120.01.

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

Hedge Funds Weigh In On World Acceptance

A number of institutional investors and hedge funds have recently bought and sold shares of WRLD. KLP Kapitalforvaltning AS bought a new position in World Acceptance during the fourth quarter worth $56,000. FMR LLC increased its position in 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 acquiring an additional 131 shares during the period. Amundi increased its position in World Acceptance by 195.7% during the fourth quarter. Amundi now owns 1,591 shares of the credit services provider’s stock worth $180,000 after acquiring an additional 1,053 shares during the period. Wells Fargo & Company MN increased its position in World Acceptance by 48.8% during the fourth quarter. Wells Fargo & Company MN now owns 1,643 shares of the credit services provider’s stock worth $185,000 after acquiring an additional 539 shares during the period. Finally, HighTower Advisors LLC increased its position in World Acceptance by 10.0% during the third quarter. HighTower Advisors LLC now owns 1,791 shares of the credit services provider’s stock worth $211,000 after acquiring an additional 163 shares during the period. Institutional investors own 83.63% of the company’s stock.

Analysts Set New Price Targets

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

World Acceptance Company Profile

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.