World Acceptance (NASDAQ:WRLD) Sees Large Volume Increase

Shares of World Acceptance Co. (NASDAQ:WRLD) saw strong trading volume on Wednesday . 35,756 shares traded hands during mid-day trading, a decline of 10% from the previous session’s volume of 39,946 shares.The stock last traded at $111.40 and had previously closed at $111.17.

Wall Street Analysts Forecast Growth

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

World Acceptance Stock Performance

The stock has a market cap of $651.92 million, a price-to-earnings ratio of 8.38 and a beta of 1.38. The company has a quick ratio of 17.02, a current ratio of 17.02 and a debt-to-equity ratio of 1.17. The stock’s fifty day moving average is $122.72 and its 200-day moving average is $129.00.

World Acceptance (NASDAQ:WRLD) last posted its earnings results on Friday, July 26th. The credit services provider reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.10. The firm had revenue of $129.53 million for the quarter, compared to analyst estimates of $141.00 million. World Acceptance had a return on equity of 18.69% and a net margin of 13.80%. During the same period in the previous year, the company posted $1.62 earnings per share. On average, analysts forecast that World Acceptance Co. will post 13.34 EPS for the current year.

Insider Buying and Selling at World Acceptance

In related news, insider Luke J. Umstetter sold 500 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $120.78, for a total value of $60,390.00. Following the sale, the insider now directly owns 14,238 shares of the company’s stock, valued at approximately $1,719,665.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 40.90% of the company’s stock.

Institutional Trading of World Acceptance

Institutional investors have recently made changes to their positions in the business. Point72 DIFC Ltd bought a new position in shares of World Acceptance in the 2nd quarter valued at about $47,000. CWM LLC increased its position in shares of World Acceptance by 122.4% during the 2nd quarter. CWM LLC now owns 585 shares of the credit services provider’s stock worth $72,000 after purchasing an additional 322 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of World Acceptance during the 2nd quarter worth approximately $140,000. Louisiana State Employees Retirement System bought a new stake in shares of World Acceptance during the 4th quarter worth approximately $222,000. Finally, Hancock Whitney Corp boosted its holdings in shares of World Acceptance by 12.7% in the 2nd quarter. Hancock Whitney Corp now owns 1,815 shares of the credit services provider’s stock valued at $224,000 after buying an additional 205 shares during the last quarter. Institutional investors own 83.63% of the company’s stock.

World Acceptance Company Profile

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