Insider Selling: World Acceptance Co. (NASDAQ:WRLD) SVP Sells $71,790.00 in Stock

World Acceptance Co. (NASDAQ:WRLD) SVP Jason E. Childers sold 500 shares of World Acceptance stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 8,039 shares in the company, valued at $1,154,239.62. This represents a 5.86 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

World Acceptance Stock Up 1.4 %

Shares of NASDAQ:WRLD opened at $152.25 on Friday. The firm has a 50 day simple moving average of $124.65 and a 200 day simple moving average of $119.15. World Acceptance Co. has a 52 week low of $101.85 and a 52 week high of $161.63. The company has a debt-to-equity ratio of 1.31, a quick ratio of 19.53 and a current ratio of 22.46. The company has a market cap of $875.44 million, a PE ratio of 10.63 and a beta of 1.46.

World Acceptance (NASDAQ:WRLD) last issued its earnings results on Tuesday, January 28th. The credit services provider reported $2.45 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, research analysts expect that World Acceptance Co. will post 14 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Stephens initiated coverage on World Acceptance in a report on Wednesday, November 13th. They issued an “equal weight” rating and a $10.00 price target on the stock. StockNews.com raised World Acceptance from a “buy” rating to a “strong-buy” rating in a report on Monday, January 13th.

Hedge Funds Weigh In On World Acceptance

Institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of World Acceptance during the fourth quarter worth approximately $1,878,000. Voleon Capital Management LP acquired a new stake in shares of World Acceptance during the 4th quarter valued at $1,728,000. Proficio Capital Partners LLC purchased a new position in shares of World Acceptance during the 4th quarter valued at $1,504,000. Integrated Quantitative Investments LLC acquired a new position in shares of World Acceptance in the fourth quarter worth $1,082,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of World Acceptance by 42.2% during the fourth quarter. JPMorgan Chase & Co. now owns 30,968 shares of the credit services provider’s stock worth $3,482,000 after acquiring an additional 9,194 shares in the last quarter. Hedge funds and other institutional investors own 83.63% of the company’s 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.