World Acceptance (NASDAQ:WRLD) Insider Luke Umstetter Sells 1,000 Shares

World Acceptance Corporation (NASDAQ:WRLD) insider Luke Umstetter sold 1,000 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $181.66, for a total value of $181,660.00. Following the sale, the insider owned 28,245 shares in the company, valued at $5,130,986.70. This represents a 3.42% 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 Trading Down 3.0%

NASDAQ WRLD opened at $173.15 on Tuesday. The business’s 50-day moving average price is $154.97 and its two-hundred day moving average price is $144.15. World Acceptance Corporation has a 12 month low of $110.00 and a 12 month high of $185.48. The firm has a market capitalization of $803.42 million, a PE ratio of 23.46 and a beta of 1.19. The company has a current ratio of 22.99, a quick ratio of 22.99 and a debt-to-equity ratio of 1.26.

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On World Acceptance

A number of institutional investors have recently made changes to their positions in the stock. iSAM Funds UK Ltd acquired a new position in shares of World Acceptance in the 3rd quarter valued at about $30,000. EverSource Wealth Advisors LLC lifted its stake in shares of World Acceptance by 102.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 255 shares of the credit services provider’s stock valued at $34,000 after purchasing an additional 129 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of World Acceptance by 241.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 331 shares of the credit services provider’s stock valued at $56,000 after purchasing an additional 234 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of World Acceptance by 103.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 569 shares of the credit services provider’s stock valued at $94,000 after purchasing an additional 289 shares during the period. Finally, Aquatic Capital Management LLC acquired a new position in shares of World Acceptance in the 3rd quarter valued at about $138,000. Institutional investors own 83.63% of the company’s stock.

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.