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

World Acceptance Co. (NASDAQ:WRLD) insider Luke J. Umstetter sold 488 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $150.19, for a total transaction of $73,292.72. Following the completion of the sale, the insider now owns 14,760 shares of the company’s stock, valued at $2,216,804.40. This trade represents a 3.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

World Acceptance Stock Performance

NASDAQ:WRLD opened at $147.16 on Wednesday. The company has a current ratio of 22.46, a quick ratio of 19.53 and a debt-to-equity ratio of 1.31. The firm has a 50-day moving average price of $125.82 and a two-hundred day moving average price of $119.64. World Acceptance Co. has a twelve month low of $101.85 and a twelve month high of $161.63. The company has a market capitalization of $846.17 million, a P/E ratio of 10.28 and a beta of 1.46.

World Acceptance (NASDAQ:WRLD) last posted its earnings results on Tuesday, January 28th. The credit services provider reported $2.45 earnings per share for the quarter, beating the consensus estimate of $1.23 by $1.22. World Acceptance had a net margin of 14.41% and a return on equity of 19.03%. As a group, research analysts expect that World Acceptance Co. will post 14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on WRLD. Stephens began coverage on shares of World Acceptance in a research note on Wednesday, November 13th. They issued an “equal weight” rating and a $10.00 price objective for the company. StockNews.com upgraded shares of World Acceptance from a “buy” rating to a “strong-buy” rating in a report on Monday, January 13th.

Institutional Investors Weigh In On World Acceptance

A number of hedge funds and other institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of World Acceptance by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,966 shares of the credit services provider’s stock worth $221,000 after buying an additional 76 shares in the last quarter. Quest Partners LLC grew its holdings in shares of World Acceptance by 2.7% during the third quarter. Quest Partners LLC now owns 3,519 shares of the credit services provider’s stock worth $415,000 after buying an additional 93 shares in the last quarter. Comerica Bank grew its holdings in shares of World Acceptance by 3.8% during the fourth quarter. Comerica Bank now owns 2,513 shares of the credit services provider’s stock worth $283,000 after buying an additional 93 shares in the last quarter. FMR LLC grew its holdings in shares of World Acceptance by 19.0% during the third quarter. FMR LLC now owns 822 shares of the credit services provider’s stock worth $97,000 after buying an additional 131 shares in the last quarter. Finally, HighTower Advisors LLC grew its holdings in shares of World Acceptance by 10.0% during the third quarter. HighTower Advisors LLC now owns 1,791 shares of the credit services provider’s stock worth $211,000 after buying an additional 163 shares in the last quarter. 83.63% of the stock is currently owned by hedge funds and other institutional investors.

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.