World Acceptance Co. (NASDAQ:WRLD – Get Free Report)’s share price hit a new 52-week high on Wednesday following a better than expected earnings announcement. The company traded as high as $161.63 and last traded at $150.39, with a volume of 93631 shares traded. The stock had previously closed at $129.35.
The credit services provider reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $1.22. World Acceptance had a net margin of 15.02% and a return on equity of 19.85%.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on WRLD shares. Stephens began coverage on World Acceptance in a report on Wednesday, November 13th. They set an “equal weight” rating and a $10.00 price target on the stock. StockNews.com raised shares of World Acceptance from a “buy” rating to a “strong-buy” rating in a report on Monday, January 13th.
Insider Activity at World Acceptance
In other news, insider Luke J. Umstetter sold 600 shares of World Acceptance stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $150.00, for a total transaction of $90,000.00. Following the transaction, the insider now owns 15,248 shares in the company, valued at $2,287,200. This trade represents a 3.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 43.20% of the stock is owned by company insiders.
Institutional Trading of World Acceptance
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Point72 DIFC Ltd purchased a new stake in World Acceptance in the 2nd quarter worth approximately $47,000. FMR LLC increased its stake in shares of World Acceptance by 19.0% in the third quarter. FMR LLC now owns 822 shares of the credit services provider’s stock worth $97,000 after purchasing an additional 131 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of World Acceptance during the 2nd quarter valued at $140,000. HighTower Advisors LLC boosted its holdings in World Acceptance by 10.0% in the 3rd quarter. HighTower Advisors LLC now owns 1,791 shares of the credit services provider’s stock worth $211,000 after buying an additional 163 shares during the period. Finally, Quantbot Technologies LP increased its stake in World Acceptance by 53.3% in the 3rd quarter. Quantbot Technologies LP now owns 1,997 shares of the credit services provider’s stock worth $236,000 after buying an additional 694 shares in the last quarter. Hedge funds and other institutional investors own 83.63% of the company’s stock.
World Acceptance Trading Down 0.6 %
The stock has a fifty day simple moving average of $119.53 and a 200 day simple moving average of $118.67. The firm has a market capitalization of $824.32 million, a P/E ratio of 9.75 and a beta of 1.44. The company has a quick ratio of 19.53, a current ratio of 19.53 and a debt-to-equity ratio of 1.21.
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.
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