Insider Selling: World Acceptance Co. (NASDAQ:WRLD) Insider Sells $60,390.00 in Stock

World Acceptance Co. (NASDAQ:WRLD) insider Luke J. Umstetter sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $120.78, for a total value of $60,390.00. Following the completion of the transaction, the insider now directly owns 14,238 shares in the company, valued at $1,719,665.64. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

World Acceptance Stock Down 8.5 %

Shares of WRLD stock opened at $107.95 on Monday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 15.98 and a current ratio of 17.02. The stock’s 50 day simple moving average is $127.32 and its 200 day simple moving average is $131.46. The company has a market capitalization of $630.97 million, a price-to-earnings ratio of 8.14 and a beta of 1.38. World Acceptance Co. has a twelve month low of $94.57 and a twelve month high of $156.03.

World Acceptance (NASDAQ:WRLD) last issued its quarterly earnings results on Friday, July 26th. The credit services provider reported $1.79 EPS for the quarter, topping the consensus estimate of $1.69 by $0.10. The company had revenue of $129.53 million for the quarter, compared to the consensus estimate of $141.00 million. World Acceptance had a return on equity of 18.69% and a net margin of 13.80%. During the same period in the previous year, the business posted $1.62 EPS. As a group, research analysts predict that World Acceptance Co. will post 13.34 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Empowered Funds LLC increased its position in World Acceptance by 47.8% in the 1st quarter. Empowered Funds LLC now owns 18,918 shares of the credit services provider’s stock worth $2,743,000 after buying an additional 6,116 shares during the period. Quadrature Capital Ltd increased its position in World Acceptance by 277.9% in the 4th quarter. Quadrature Capital Ltd now owns 12,594 shares of the credit services provider’s stock worth $1,647,000 after buying an additional 9,261 shares during the period. SG Americas Securities LLC increased its position in World Acceptance by 80.9% in the 4th quarter. SG Americas Securities LLC now owns 3,988 shares of the credit services provider’s stock worth $521,000 after buying an additional 1,783 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of World Acceptance by 110.6% during the 4th quarter. BNP Paribas Financial Markets now owns 6,845 shares of the credit services provider’s stock worth $893,000 after purchasing an additional 3,595 shares in the last quarter. Finally, New York State Teachers Retirement System grew its holdings in shares of World Acceptance by 1.9% during the 1st quarter. New York State Teachers Retirement System now owns 7,361 shares of the credit services provider’s stock worth $1,067,000 after purchasing an additional 138 shares in the last quarter. 83.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded World Acceptance from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 19th.

World Acceptance Company Profile

World Acceptance Corporation engages in consumer finance business in the United States. The company offers short-term small installment loans, medium-term larger installment loans, related credit insurance, and ancillary products and services to individuals. It also provides income tax return preparation and filing services; and automobile club memberships.