Insider Selling: World Acceptance (NASDAQ:WRLD) Insider Sells 1,000 Shares of Stock

World Acceptance Corporation (NASDAQ:WRLD) insider Luke Umstetter sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $181.66, for a total value of $181,660.00. Following the transaction, the insider owned 28,245 shares of the company’s stock, valued at approximately $5,130,986.70. This trade represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

World Acceptance Stock Performance

Shares of NASDAQ:WRLD traded down $0.98 during mid-day trading on Monday, reaching $177.48. 27,806 shares of the company traded hands, compared to its average volume of 138,729. The company’s 50 day moving average price is $154.31 and its 200-day moving average price is $144.01. The firm has a market cap of $823.48 million, a PE ratio of 24.05 and a beta of 1.19. The company has a debt-to-equity ratio of 1.26, a current ratio of 22.99 and a quick ratio of 22.99. World Acceptance Corporation has a 52 week low of $110.00 and a 52 week high of $185.48.

World Acceptance (NASDAQ:WRLD) last announced its quarterly earnings data on Thursday, April 30th. The credit services provider reported $7.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.74 by ($0.04). The company had revenue of $164.31 million for the quarter, compared to the consensus estimate of $168.40 million. World Acceptance had a net margin of 5.98% and a return on equity of 9.36%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of World Acceptance in a report on Friday, March 27th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in WRLD. Intech Investment Management LLC raised its holdings in shares of World Acceptance by 677.8% during the 3rd quarter. Intech Investment Management LLC now owns 11,582 shares of the credit services provider’s stock worth $1,959,000 after acquiring an additional 10,093 shares in the last quarter. WINTON GROUP Ltd raised its holdings in shares of World Acceptance by 138.1% during the 3rd quarter. WINTON GROUP Ltd now owns 20,241 shares of the credit services provider’s stock worth $3,424,000 after acquiring an additional 11,741 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of World Acceptance by 14.2% during the 3rd quarter. American Century Companies Inc. now owns 85,622 shares of the credit services provider’s stock worth $14,482,000 after acquiring an additional 10,649 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of World Acceptance during the 3rd quarter worth approximately $948,000. Finally, SageGuard Financial Group LLC purchased a new stake in shares of World Acceptance during the 4th quarter worth approximately $528,000. 83.63% of the stock is owned by hedge funds and other institutional investors.

World Acceptance Company Profile

World Acceptance Corporation (NASDAQ: WRLD) is a consumer finance company headquartered in Greenville, South Carolina. Founded in 1972, the company provides credit solutions to underserved customers who may have limited access to traditional banking services. Over the decades, World Acceptance has built a reputation for tailored lending that emphasizes responsible underwriting and personalized customer service.

The company’s core product offerings include short-term installment loans designed to meet the immediate financial needs of its clients.