World Acceptance Corp officer sells shares worth $97,839

Published 18/02/2025, 15:38
World Acceptance Corp officer sells shares worth $97,839

Luke J. Umstetter, an officer at World Acceptance Corp (NASDAQ:WRLD), recently sold shares of the company, according to a Form 4 filing with the Securities and Exchange Commission. The stock, which currently trades at $153.79 with a P/E ratio of 10.4, has shown remarkable strength with a 35.7% return over the past six months. Over the course of two days, Umstetter sold a total of 650 shares, with transactions taking place on February 13 and 14. The shares were sold at prices ranging from $150.19 to $152.16, resulting in a total transaction value of $97,839. Following these sales, Umstetter’s direct ownership stands at 14,598 shares. According to InvestingPro, the company maintains a GREAT financial health score, though technical indicators suggest the stock is currently in overbought territory. For deeper insights into insider trading patterns and comprehensive analysis, InvestingPro offers detailed research reports covering over 1,400 US stocks.

In other recent news, World Acceptance Corporation has made significant strides in its financial performance and strategic initiatives. The company recently announced a new stock repurchase program, with plans to buy back up to $25 million of its outstanding common stock. This move is part of the company’s ongoing strategy to manage its capital efficiently and deliver value to its shareholders.

In addition to this, World Acceptance outperformed expectations in its Q3 2025 earnings report. The company posted an earnings per share (EPS) of $2.45, significantly higher than the forecasted $1.23, and achieved a revenue of $138.6 million, exceeding the anticipated $136.67 million. This substantial improvement in earnings and revenue is a testament to the company’s effective strategic adjustments and robust financial performance.

Moreover, the company’s recent earnings call transcript revealed that World Acceptance’s portfolio growth has returned to pre-pandemic levels with a 6.6% increase. The company’s strategic focus on smaller loan products seems to be paying off, driving its strategy and contributing to its financial success. These recent developments underscore World Acceptance’s strong position in the financial market and its commitment to delivering value to its shareholders.

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