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

World Acceptance Corporation (NASDAQ:WRLD) insider Luke Umstetter sold 1,000 shares of the company’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 transaction, the insider directly 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 document filed with the Securities & Exchange Commission, which is available through this link.

World Acceptance Trading Down 0.1%

Shares of WRLD stock opened at $173.01 on Wednesday. The business’s fifty day moving average price is $155.64 and its 200 day moving average price is $144.27. World Acceptance Corporation has a 1-year low of $110.00 and a 1-year high of $185.48. The firm has a market capitalization of $802.77 million, a PE ratio of 23.44 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 (NASDAQ:WRLD) last announced its quarterly earnings data on Thursday, April 30th. The credit services provider reported $7.70 earnings per share for the quarter, missing analysts’ consensus estimates of $7.74 by ($0.04). World Acceptance had a return on equity of 9.36% and a net margin of 5.98%.The business had revenue of $164.31 million for the quarter, compared to analyst estimates of $168.40 million.

Analyst Ratings Changes

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

Institutional Trading of World Acceptance

Several large investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in World Acceptance by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 87,588 shares of the credit services provider’s stock valued at $12,299,000 after purchasing an additional 2,469 shares during the last quarter. American Century Companies Inc. grew its holdings in World Acceptance by 14.2% in the third quarter. American Century Companies Inc. now owns 85,622 shares of the credit services provider’s stock valued at $14,482,000 after purchasing an additional 10,649 shares during the last quarter. Smith Thomas W acquired a new stake in World Acceptance in the fourth quarter valued at $10,894,000. Charles Schwab Investment Management Inc. grew its holdings in World Acceptance by 15.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 76,188 shares of the credit services provider’s stock valued at $10,696,000 after purchasing an additional 10,308 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in World Acceptance by 680.5% in the fourth quarter. Millennium Management LLC now owns 67,649 shares of the credit services provider’s stock valued at $9,497,000 after purchasing an additional 58,982 shares during the last quarter. Institutional investors and hedge funds own 83.63% of the company’s stock.

About World Acceptance

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.