World Acceptance Co. (NASDAQ:WRLD - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $121.75, but opened at $124.88. World Acceptance shares last traded at $124.34, with a volume of 13,720 shares trading hands.
Analysts Set New Price Targets
Separately, StockNews.com upgraded World Acceptance from a "buy" rating to a "strong-buy" rating in a report on Monday, January 13th.
Check Out Our Latest Analysis on World Acceptance
World Acceptance Stock Performance
The firm has a market cap of $745.33 million, a P/E ratio of 9.06 and a beta of 1.48. The company's 50-day moving average is $133.04 and its two-hundred day moving average is $122.30. The company has a current ratio of 22.46, a quick ratio of 22.46 and a debt-to-equity ratio of 1.31.
World Acceptance (NASDAQ:WRLD - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The credit services provider reported $2.45 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts predict that World Acceptance Co. will post 14 EPS for the current fiscal year.
Insider Activity
In other news, SVP Scott Mcintyre sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $150.22, for a total transaction of $300,440.00. Following the completion of the sale, the senior vice president now owns 7,183 shares in the company, valued at $1,079,030.26. This trade represents a 21.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Alice Lindsay Caulder sold 600 shares of the company's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $139.81, for a total value of $83,886.00. Following the completion of the transaction, the senior vice president now owns 8,524 shares in the company, valued at approximately $1,191,740.44. The trade was a 6.58 % 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 over the last three months. Corporate insiders own 43.20% of the company's stock.
Institutional Investors Weigh In On World Acceptance
Large investors have recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS bought a new position in World Acceptance during the fourth quarter worth about $56,000. FMR LLC boosted 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 worth $97,000 after buying an additional 131 shares during the period. Amundi grew its stake in 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 buying an additional 1,053 shares in the last quarter. Wells Fargo & Company MN raised its holdings in World Acceptance by 48.8% during the 4th quarter. Wells Fargo & Company MN now owns 1,643 shares of the credit services provider's stock valued at $185,000 after acquiring an additional 539 shares during the period. Finally, HighTower Advisors LLC grew its position 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 valued at $211,000 after purchasing an additional 163 shares in the last quarter. Hedge funds and other institutional investors own 83.63% of the company's stock.
About World Acceptance
(
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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