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 the business’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $150.00, for a total transaction of $90,000.00. Following the sale, the insider now directly owns 15,248 shares in the company, valued at approximately $2,287,200. This represents a 3.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

World Acceptance Price Performance

NASDAQ:WRLD traded down $7.32 during mid-day trading on Wednesday, hitting $143.07. 14,999 shares of the company’s stock traded hands, compared to its average volume of 24,498. The company has a debt-to-equity ratio of 1.21, a quick ratio of 19.53 and a current ratio of 19.53. The company has a market cap of $822.65 million, a PE ratio of 9.80 and a beta of 1.44. The firm’s 50 day simple moving average is $118.46 and its 200 day simple moving average is $118.32. World Acceptance Co. has a 1 year low of $101.85 and a 1 year high of $161.63.

World Acceptance (NASDAQ:WRLD) last issued its quarterly earnings data on Tuesday, January 28th. The credit services provider reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $1.22. World Acceptance had a net margin of 15.02% and a return on equity of 19.85%. Sell-side analysts expect that World Acceptance Co. will post 12.88 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on WRLD. StockNews.com raised World Acceptance from a “buy” rating to a “strong-buy” rating in a research note on Monday, January 13th. Stephens assumed coverage on World Acceptance in a research report on Wednesday, November 13th. They set an “equal weight” rating and a $10.00 target price on the stock.

Hedge Funds Weigh In On World Acceptance

Several hedge funds have recently bought and sold shares of the stock. Point72 DIFC Ltd purchased a new position in shares of World Acceptance during the second quarter valued at approximately $47,000. FMR LLC raised its holdings 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 last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of World Acceptance during the 2nd quarter worth $140,000. HighTower Advisors LLC boosted its holdings in shares of 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 purchasing an additional 163 shares during the last quarter. Finally, Quantbot Technologies LP grew its position in shares of World Acceptance by 53.3% in the third quarter. Quantbot Technologies LP now owns 1,997 shares of the credit services provider’s stock valued at $236,000 after purchasing an additional 694 shares during the period. 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.