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 firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $114.30, for a total value of $62,865.00. Following the completion of the transaction, the insider now owns 11,370 shares in the company, valued at approximately $1,299,591. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

World Acceptance Stock Performance

NASDAQ:WRLD opened at $113.05 on Tuesday. The firm has a market capitalization of $661.91 million, a PE ratio of 7.69 and a beta of 1.40. World Acceptance Co. has a 12 month low of $100.92 and a 12 month high of $149.31. The company has a debt-to-equity ratio of 1.21, a current ratio of 19.53 and a quick ratio of 17.02. The business’s fifty day moving average price is $116.47 and its 200 day moving average price is $123.08.

Institutional Investors Weigh In On World Acceptance

A number of institutional investors and hedge funds have recently made changes to their positions in WRLD. Point72 DIFC Ltd acquired a new position in shares of World Acceptance during the 2nd quarter worth $47,000. CWM LLC boosted its stake in shares of World Acceptance by 122.4% in the second quarter. CWM LLC now owns 585 shares of the credit services provider’s stock valued at $72,000 after purchasing an additional 322 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in World Acceptance during the 2nd quarter valued at approximately $140,000. Hancock Whitney Corp increased its position 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 worth $224,000 after purchasing an additional 205 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in World Acceptance during the first quarter worth $242,000. 83.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.