Insider Selling: World Acceptance Co. (NASDAQ:WRLD) Insider Sells 500 Shares of Stock

World Acceptance Co. (NASDAQ:WRLD) insider Luke J. Umstetter sold 500 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $120.78, for a total value of $60,390.00. Following the completion of the sale, the insider now directly owns 14,238 shares in the company, valued at $1,719,665.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

World Acceptance Stock Performance

Shares of WRLD opened at $107.95 on Monday. The company has a debt-to-equity ratio of 1.17, a current ratio of 17.02 and a quick ratio of 15.98. World Acceptance Co. has a one year low of $94.57 and a one year high of $156.03. The company has a 50-day simple moving average of $127.32 and a two-hundred day simple moving average of $131.46. The firm has a market capitalization of $630.97 million, a PE ratio of 8.14 and a beta of 1.38.

World Acceptance (NASDAQ:WRLD) last issued its quarterly earnings data on Friday, July 26th. The credit services provider reported $1.79 EPS for the quarter, topping the consensus estimate of $1.69 by $0.10. World Acceptance had a net margin of 13.80% and a return on equity of 18.69%. The business had revenue of $129.53 million during the quarter, compared to analyst estimates of $141.00 million. During the same period last year, the business posted $1.62 earnings per share. On average, analysts anticipate that World Acceptance Co. will post 13.34 EPS for the current fiscal year.

Institutional Trading of World Acceptance

Institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC lifted its holdings in World Acceptance by 122.4% in the second quarter. CWM LLC now owns 585 shares of the credit services provider’s stock worth $72,000 after buying an additional 322 shares during the period. Louisiana State Employees Retirement System purchased a new position in shares of World Acceptance during the fourth quarter valued at approximately $222,000. Allspring Global Investments Holdings LLC purchased a new position in shares of World Acceptance during the first quarter valued at approximately $242,000. Yousif Capital Management LLC lifted its holdings in shares of World Acceptance by 21.4% during the fourth quarter. Yousif Capital Management LLC now owns 2,093 shares of the credit services provider’s stock valued at $273,000 after purchasing an additional 369 shares during the last quarter. Finally, BOKF NA purchased a new position in shares of World Acceptance during the first quarter valued at approximately $310,000. 83.63% of the stock is currently 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 research note on Friday, July 19th.

World Acceptance Company Profile

World Acceptance Corporation engages in consumer finance business in the United States. The company offers short-term small installment loans, medium-term larger installment loans, related credit insurance, and ancillary products and services to individuals. It also provides income tax return preparation and filing services; and automobile club memberships.