World Acceptance (NASDAQ:WRLD) Sees Unusually-High Trading Volume

World Acceptance Co. (NASDAQ:WRLD) shares saw unusually-high trading volume on Friday . Approximately 18,853 shares traded hands during mid-day trading, a decline of 52% from the previous session’s volume of 39,508 shares.The stock last traded at $117.50 and had previously closed at $115.98.

Analyst Upgrades and Downgrades

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

World Acceptance Stock Down 1.4 %

The business has a 50 day moving average price of $121.56 and a 200 day moving average price of $127.79. The firm has a market capitalization of $669.24 million, a P/E ratio of 8.75 and a beta of 1.39. The company has a debt-to-equity ratio of 1.17, a current ratio of 17.02 and a quick ratio of 17.02.

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 analysts’ consensus estimates of $1.69 by $0.10. The company had revenue of $129.53 million during the quarter, compared to analyst estimates 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 company earned $1.62 earnings per share. On average, analysts predict that World Acceptance Co. will post 13.34 earnings per share for the current year.

Insider Buying and Selling at World Acceptance

In other news, insider Luke J. Umstetter sold 500 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $120.78, for a total transaction of $60,390.00. Following the completion of the transaction, the insider now owns 14,238 shares of the company’s stock, valued at $1,719,665.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 40.90% of the company’s stock.

Institutional Trading of World Acceptance

Several institutional investors have recently made changes to their positions in WRLD. Dimensional Fund Advisors LP lifted its stake in World Acceptance by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 286,578 shares of the credit services provider’s stock worth $37,408,000 after purchasing an additional 1,871 shares during the period. AQR Capital Management LLC lifted its position in shares of World Acceptance by 38.0% during the 2nd quarter. AQR Capital Management LLC now owns 40,475 shares of the credit services provider’s stock worth $5,002,000 after buying an additional 11,135 shares during the period. American Century Companies Inc. boosted its stake in World Acceptance by 107.2% in the 2nd quarter. American Century Companies Inc. now owns 39,580 shares of the credit services provider’s stock valued at $4,891,000 after buying an additional 20,475 shares in the last quarter. Renaissance Technologies LLC grew its position in World Acceptance by 7.9% in the second quarter. Renaissance Technologies LLC now owns 34,025 shares of the credit services provider’s stock valued at $4,205,000 after acquiring an additional 2,500 shares during the period. Finally, Quadrature Capital Ltd raised its stake in World Acceptance by 89.5% during the first quarter. Quadrature Capital Ltd now owns 23,869 shares of the credit services provider’s stock worth $3,455,000 after acquiring an additional 11,275 shares in the last quarter. 83.63% of the stock is currently owned by institutional investors and hedge funds.

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.