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Luke J. Umstetter, the Senior Vice President, General Counsel, Chief Compliance Officer, and Secretary of World Acceptance Corp (NASDAQ:WRLD), recently sold 600 shares of the company’s common stock. The transaction, which took place on January 28, 2025, was executed at a price of $150 per share, amounting to a total sale value of $90,000. Following this transaction, Umstetter retains ownership of 15,248 shares in the company. The stock, trading at a P/E ratio of 9.9, has shown impressive momentum with a 19% gain in the past week. For deeper insights into insider transactions and comprehensive analysis, including 10 additional ProTips, check out the full research report on InvestingPro.
In other recent news, World Acceptance Corporation significantly outperformed analyst expectations in its Q3 2025 earnings report. The company posted earnings per share (EPS) of $2.45, a substantial increase over the forecasted $1.23. Additionally, World Acceptance achieved a revenue of $138.6 million, surpassing the projected $136.67 million. The company’s portfolio also grew by 6.6%, a significant improvement from the 1.5% growth seen in Q3 2024. This growth was accompanied by a 200 basis point improvement in yields and a 4% increase in the customer base year-over-year. Despite a decrease in the average loan balance by 5.1% from December 31, 2023, the company’s strategic focus on smaller loans is proving successful. Looking ahead, World Acceptance remains cautiously optimistic, anticipating continued improvements in yield and delinquency trends, and expects steady portfolio growth into fiscal 2026. The company’s CEO, Chad Prashad, expressed confidence in the company’s strategic direction, emphasizing the shift towards smaller loans.
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