Luke J. Umstetter Sells 488 Shares of World Acceptance Co. (NASDAQ:WRLD) Stock

World Acceptance Co. (NASDAQ:WRLD) insider Luke J. Umstetter sold 488 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $150.19, for a total transaction of $73,292.72. Following the sale, the insider now owns 14,760 shares of the company’s stock, valued at approximately $2,216,804.40. The trade was a 3.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

World Acceptance Stock Performance

World Acceptance stock traded down $1.37 during mid-day trading on Tuesday, reaching $150.88. The company’s stock had a trading volume of 4,283 shares, compared to its average volume of 25,791. World Acceptance Co. has a 12-month low of $101.85 and a 12-month high of $161.63. The company has a market capitalization of $867.56 million, a P/E ratio of 10.54 and a beta of 1.46. 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 firm’s fifty day moving average price is $125.29 and its two-hundred day moving average price is $119.37.

World Acceptance (NASDAQ:WRLD) last released its quarterly earnings data on Tuesday, January 28th. The credit services provider reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $1.22. World Acceptance had a net margin of 14.41% and a return on equity of 19.03%. Sell-side analysts predict that World Acceptance Co. will post 14 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Norges Bank bought a new position in World Acceptance in the 4th quarter valued at $1,878,000. Voleon Capital Management LP bought a new position in World Acceptance in the 4th quarter valued at $1,728,000. Proficio Capital Partners LLC bought a new position in World Acceptance in the 4th quarter valued at $1,504,000. Integrated Quantitative Investments LLC bought a new position in World Acceptance in the 4th quarter valued at $1,082,000. Finally, JPMorgan Chase & Co. boosted its holdings in World Acceptance by 42.2% in the 4th quarter. JPMorgan Chase & Co. now owns 30,968 shares of the credit services provider’s stock valued at $3,482,000 after purchasing an additional 9,194 shares during the period. 83.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WRLD has been the subject of several research analyst reports. Stephens initiated coverage on shares of World Acceptance in a research note on Wednesday, November 13th. They set an “equal weight” rating and a $10.00 price target for the company. StockNews.com upgraded shares of World Acceptance from a “buy” rating to a “strong-buy” rating in a research note on Monday, January 13th.

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.