World Acceptance Co. (NASDAQ:WRLD) Insider Sells $73,292.72 in Stock

World Acceptance Co. (NASDAQ:WRLD - Get Free Report) insider Luke J. Umstetter sold 488 shares of World Acceptance stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $150.19, for a total value of $73,292.72. Following the completion of the transaction, the insider now owns 14,760 shares of the company's stock, valued at approximately $2,216,804.40. This trade represents a 3.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

World Acceptance Trading Down 3.3 %

NASDAQ:WRLD traded down $4.83 during trading hours on Friday, hitting $139.94. The company had a trading volume of 34,053 shares, compared to its average volume of 27,925. World Acceptance Co. has a 1 year low of $101.85 and a 1 year high of $161.63. The company has a current ratio of 22.46, a quick ratio of 22.46 and a debt-to-equity ratio of 1.31. The company has a 50-day moving average of $127.37 and a 200 day moving average of $120.25. The company has a market cap of $804.66 million, a P/E ratio of 9.77 and a beta of 1.46.

World Acceptance (NASDAQ:WRLD - Get Free Report) last released its quarterly earnings results 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 return on equity of 19.03% and a net margin of 14.41%. Sell-side analysts expect that World Acceptance Co. will post 14 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Stephens started coverage on shares of World Acceptance in a research note on Wednesday, November 13th. They issued an "equal weight" rating and a $10.00 price objective for the company. StockNews.com upgraded shares of World Acceptance from a "buy" rating to a "strong-buy" rating in a research report on Monday, January 13th.

Hedge Funds Weigh In On World Acceptance

A number of institutional investors and hedge funds have recently made changes to their positions in WRLD. KLP Kapitalforvaltning AS purchased a new position in World Acceptance in the fourth quarter valued at approximately $56,000. FMR LLC increased its position 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. Amundi lifted its holdings in shares of World Acceptance by 195.7% in the 4th quarter. Amundi now owns 1,591 shares of the credit services provider's stock valued at $180,000 after purchasing an additional 1,053 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of World Acceptance by 48.8% in the 4th quarter. Wells Fargo & Company MN now owns 1,643 shares of the credit services provider's stock valued at $185,000 after purchasing an additional 539 shares during the period. Finally, HighTower Advisors LLC grew its stake in 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 buying an additional 163 shares during the last quarter. 83.63% of the stock is owned by institutional investors and hedge funds.

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.