Luke J. Umstetter Sells 600 Shares of World Acceptance Co. (NASDAQ:WRLD) Stock

World Acceptance Co. (NASDAQ:WRLD) insider Luke J. Umstetter sold 600 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $150.00, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

World Acceptance Trading Down 4.1 %

World Acceptance stock opened at $144.20 on Thursday. World Acceptance Co. has a one year low of $101.85 and a one year high of $161.63. The business’s fifty day moving average is $119.01 and its 200 day moving average is $118.50. The company has a debt-to-equity ratio of 1.21, a current ratio of 19.53 and a quick ratio of 19.53. The stock has a market capitalization of $829.15 million, a PE ratio of 9.80 and a beta of 1.44.

World Acceptance (NASDAQ:WRLD) last issued its 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 net margin of 15.02% and a return on equity of 19.85%. On average, sell-side analysts predict that World Acceptance Co. will post 12.88 EPS for the current year.

Institutional Trading of World Acceptance

Several large investors have recently modified their holdings of the company. Empowered Funds LLC boosted its position in World Acceptance by 5.0% in the fourth quarter. Empowered Funds LLC now owns 22,497 shares of the credit services provider’s stock worth $2,530,000 after purchasing an additional 1,067 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of World Acceptance by 6.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 11,521 shares of the credit services provider’s stock worth $1,295,000 after buying an additional 708 shares during the last quarter. JPMorgan Chase & Co. grew its position in World Acceptance by 49.6% during the third quarter. JPMorgan Chase & Co. now owns 21,774 shares of the credit services provider’s stock valued at $2,569,000 after buying an additional 7,223 shares during the period. Barclays PLC grew its position in World Acceptance by 282.9% during the third quarter. Barclays PLC now owns 7,657 shares of the credit services provider’s stock valued at $903,000 after buying an additional 5,657 shares during the period. Finally, Jane Street Group LLC increased its holdings in World Acceptance by 24.0% during the third quarter. Jane Street Group LLC now owns 8,271 shares of the credit services provider’s stock valued at $976,000 after buying an additional 1,601 shares during the last quarter. Institutional investors own 83.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on WRLD shares. StockNews.com upgraded World Acceptance from a “buy” rating to a “strong-buy” rating in a report on Monday, January 13th. Stephens initiated coverage on World Acceptance in a research note on Wednesday, November 13th. They issued an “equal weight” rating and a $10.00 target price on the stock.

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.