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 firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $181.66, for a total transaction of $181,660.00. Following the completion of 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 SEC, which can be accessed through this link.

World Acceptance Stock Performance

WRLD stock traded down $0.98 on Monday, hitting $177.48. The company had a trading volume of 27,806 shares, compared to its average volume of 138,729. World Acceptance Corporation has a 12-month low of $110.00 and a 12-month high of $185.48. The company has a current ratio of 22.99, a quick ratio of 22.99 and a debt-to-equity ratio of 1.26. The stock’s 50-day simple moving average is $154.31 and its 200 day simple moving average is $144.01. The stock has a market cap of $823.48 million, a price-to-earnings ratio of 24.05 and a beta of 1.19.

World Acceptance (NASDAQ:WRLD) last released its quarterly earnings results 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 firm 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 Ratings Changes

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in WRLD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of World Acceptance by 4.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,044 shares of the credit services provider’s stock valued at $259,000 after acquiring an additional 78 shares during the period. Empowered Funds LLC grew its stake in shares of World Acceptance by 4.1% during the 1st quarter. Empowered Funds LLC now owns 23,422 shares of the credit services provider’s stock valued at $2,964,000 after acquiring an additional 925 shares during the period. JPMorgan Chase & Co. grew its stake in shares of World Acceptance by 16.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 28,651 shares of the credit services provider’s stock valued at $4,731,000 after acquiring an additional 4,092 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of World Acceptance by 23.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 26,865 shares of the credit services provider’s stock valued at $4,436,000 after acquiring an additional 5,025 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of World Acceptance by 0.8% during the 2nd quarter. First Trust Advisors LP now owns 10,600 shares of the credit services provider’s stock valued at $1,750,000 after acquiring an additional 82 shares during the period. 83.63% of the stock is currently owned by institutional investors.

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.