Insider Selling: World Acceptance Co. (NASDAQ:WRLD) SVP Sells 600 Shares of Stock

World Acceptance Co. (NASDAQ:WRLD) SVP Alice Lindsay Caulder sold 600 shares of World Acceptance stock in a transaction on Friday, January 31st. The stock was sold at an average price of $139.81, for a total transaction of $83,886.00. Following the sale, the senior vice president now owns 8,524 shares in the company, valued at $1,191,740.44. This represents a 6.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

World Acceptance Trading Down 1.1 %

Shares of World Acceptance stock opened at $139.59 on Tuesday. The company’s fifty day moving average is $120.34 and its two-hundred day moving average is $118.34. World Acceptance Co. has a 1 year low of $101.85 and a 1 year high of $161.63. The company has a debt-to-equity ratio of 1.31, a quick ratio of 19.53 and a current ratio of 22.46. The company has a market capitalization of $802.64 million, a P/E ratio of 9.75 and a beta of 1.44.

World Acceptance (NASDAQ:WRLD) last issued its quarterly earnings results on Tuesday, January 28th. The credit services provider reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $1.22. World Acceptance had a return on equity of 19.03% and a net margin of 14.41%. Analysts forecast that World Acceptance Co. will post 13.61 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Stephens started coverage on World Acceptance in a research report on Wednesday, November 13th. They set an “equal weight” rating and a $10.00 target price on the stock. StockNews.com upgraded World Acceptance from a “buy” rating to a “strong-buy” rating in a research note on Monday, January 13th.

Institutional Investors Weigh In On World Acceptance

Several hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC increased its stake in World Acceptance by 38.0% in the 2nd quarter. AQR Capital Management LLC now owns 40,475 shares of the credit services provider’s stock valued at $5,002,000 after buying an additional 11,135 shares during the period. Empowered Funds LLC increased its stake in shares of World Acceptance by 5.0% during the fourth quarter. Empowered Funds LLC now owns 22,497 shares of the credit services provider’s stock worth $2,530,000 after acquiring an additional 1,067 shares during the period. Millennium Management LLC raised its holdings in World Acceptance by 125.2% during the second quarter. Millennium Management LLC now owns 22,184 shares of the credit services provider’s stock worth $2,741,000 after purchasing an additional 12,333 shares in the last quarter. JPMorgan Chase & Co. lifted its position in World Acceptance by 49.6% in the third quarter. JPMorgan Chase & Co. now owns 21,774 shares of the credit services provider’s stock valued at $2,569,000 after purchasing an additional 7,223 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in World Acceptance by 1.1% in the 4th quarter. Principal Financial Group Inc. now owns 15,776 shares of the credit services provider’s stock valued at $1,774,000 after purchasing an additional 176 shares in the last quarter. 83.63% of the stock is owned by institutional investors and hedge funds.

About World Acceptance

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.