World Acceptance Co. (NASDAQ:WRLD) Insider Luke J. Umstetter Sells 550 Shares

World Acceptance Co. (NASDAQ:WRLD) insider Luke J. Umstetter sold 550 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $114.30, for a total value of $62,865.00. Following the completion of the sale, the insider now directly owns 11,370 shares of the company’s stock, valued at approximately $1,299,591. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

World Acceptance Stock Performance

Shares of WRLD stock opened at $126.46 on Thursday. The company has a debt-to-equity ratio of 1.21, a current ratio of 19.53 and a quick ratio of 17.02. The stock has a market cap of $740.42 million, a PE ratio of 8.60 and a beta of 1.40. The stock has a 50-day moving average of $116.36 and a 200-day moving average of $122.84. World Acceptance Co. has a one year low of $100.92 and a one year high of $149.31.

Institutional Trading of World Acceptance

Large investors have recently bought and sold shares of the business. Point72 DIFC Ltd bought a new stake in World Acceptance during the 2nd quarter worth approximately $47,000. CWM LLC increased its stake in World Acceptance by 122.4% during the 2nd quarter. CWM LLC now owns 585 shares of the credit services provider’s stock worth $72,000 after purchasing an additional 322 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in World Acceptance during the 2nd quarter worth approximately $140,000. Allspring Global Investments Holdings LLC bought a new stake in World Acceptance during the 1st quarter worth approximately $242,000. Finally, Hancock Whitney Corp increased its stake in World Acceptance by 12.7% during the 2nd quarter. Hancock Whitney Corp now owns 1,815 shares of the credit services provider’s stock worth $224,000 after purchasing an additional 205 shares in the last quarter. 83.63% of the stock is owned by 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.

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.