Shares of World Acceptance Co. (NASDAQ:WRLD - Get Free Report) saw an uptick in trading volume on Tuesday . 25,906 shares changed hands during mid-day trading, a decline of 9% from the previous session's volume of 28,489 shares.The stock last traded at $130.50 and had previously closed at $125.40.
Analysts Set New Price Targets
Separately, StockNews.com downgraded shares of World Acceptance from a "strong-buy" rating to a "buy" rating in a report on Saturday.
View Our Latest Analysis on WRLD
World Acceptance Stock Performance
The company has a debt-to-equity ratio of 1.31, a quick ratio of 22.46 and a current ratio of 22.46. The stock has a market cap of $729.93 million, a price-to-earnings ratio of 8.87 and a beta of 1.48. The stock has a fifty day simple moving average of $134.04 and a two-hundred day simple moving average of $122.72.
World Acceptance (NASDAQ:WRLD - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The credit services provider reported $2.45 earnings per share for the quarter, beating the consensus estimate of $1.23 by $1.22. World Acceptance had a return on equity of 19.03% and a net margin of 14.41%. Analysts expect that World Acceptance Co. will post 14 EPS for the current fiscal year.
Insider Activity at World Acceptance
In related news, SVP Jason E. Childers sold 500 shares of the business's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $143.58, for a total transaction of $71,790.00. Following the sale, the senior vice president now owns 8,039 shares in the company, valued at $1,154,239.62. The trade was a 5.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Luke J. Umstetter sold 600 shares of the company's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $150.00, for a total value of $90,000.00. Following the completion of the transaction, the insider now directly owns 15,248 shares of the company's stock, valued at approximately $2,287,200. The trade was a 3.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,188 shares of company stock valued at $619,409 in the last quarter. Insiders own 43.20% of the company's stock.
Institutional Trading of World Acceptance
Hedge funds and other institutional investors have recently made changes to their positions in the company. KLP Kapitalforvaltning AS bought a new position in World Acceptance in the 4th quarter valued at approximately $56,000. FMR LLC increased its position 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 period. Amundi raised its stake in shares of World Acceptance by 195.7% during the fourth quarter. Amundi now owns 1,591 shares of the credit services provider's stock valued at $180,000 after acquiring an additional 1,053 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of 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 purchasing an additional 539 shares during the period. Finally, HighTower Advisors LLC grew its stake in shares of World Acceptance by 10.0% in 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. 83.63% of the stock is currently owned by institutional investors.
World Acceptance Company Profile
(
Get Free Report)
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.
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