Luke J. Umstetter Sells 550 Shares of World Acceptance Co. (NASDAQ:WRLD) Stock

World Acceptance Co. (NASDAQ:WRLD) insider Luke J. Umstetter sold 550 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $114.30, for a total value of $62,865.00. Following the completion of the transaction, the insider now owns 11,370 shares of the company’s stock, valued at approximately $1,299,591. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

World Acceptance Price Performance

NASDAQ WRLD traded down $0.62 during trading hours on Monday, hitting $114.00. The company had a trading volume of 4,057 shares, compared to its average volume of 36,951. World Acceptance Co. has a 52 week low of $100.92 and a 52 week high of $149.31. The firm has a 50 day simple moving average of $116.47 and a 200 day simple moving average of $123.08. The company has a debt-to-equity ratio of 1.21, a quick ratio of 17.02 and a current ratio of 19.53. The firm has a market capitalization of $667.47 million, a price-to-earnings ratio of 7.76 and a beta of 1.40.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Wedge Capital Management L L P NC boosted its stake in World Acceptance by 8.8% in the 3rd quarter. Wedge Capital Management L L P NC now owns 4,481 shares of the credit services provider’s stock worth $529,000 after purchasing an additional 362 shares during the period. Exchange Traded Concepts LLC raised its holdings in shares of World Acceptance by 52.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 10,813 shares of the credit services provider’s stock valued at $1,276,000 after acquiring an additional 3,721 shares in the last quarter. Inspire Investing LLC raised its holdings in shares of World Acceptance by 24.4% in the 3rd quarter. Inspire Investing LLC now owns 3,537 shares of the credit services provider’s stock valued at $417,000 after acquiring an additional 693 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of World Acceptance by 48.5% in the 3rd quarter. SG Americas Securities LLC now owns 4,858 shares of the credit services provider’s stock valued at $573,000 after acquiring an additional 1,587 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in shares of World Acceptance in the 2nd quarter valued at about $47,000. Institutional investors own 83.63% of the company’s stock.

Wall Street Analyst Weigh In

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

World Acceptance Company Profile

World Acceptance Corporation engages in consumer finance business in the United States. The company provides short-term small installment loans, medium-term larger installment loans, related credit insurance, and ancillary products and services to individuals. It offers income tax return preparation and filing services; and automobile club memberships.