World Acceptance (NASDAQ:WRLD) Posts Quarterly Earnings Results, Misses Estimates By $0.77 EPS

World Acceptance (NASDAQ:WRLD) posted its quarterly earnings results on Tuesday. The credit services provider reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.77), Zacks reports. World Acceptance had a net margin of 10.00% and a return on equity of 13.65%.

World Acceptance Price Performance

Shares of WRLD opened at $114.49 on Tuesday. World Acceptance has a fifty-two week low of $104.99 and a fifty-two week high of $185.48. The company has a market capitalization of $577.02 million, a price-to-earnings ratio of 10.96 and a beta of 1.12. The company has a debt-to-equity ratio of 1.60, a current ratio of 24.16 and a quick ratio of 24.16. The business’s 50-day moving average is $145.25 and its 200-day moving average is $156.56.

Insiders Place Their Bets

In other World Acceptance news, insider Daniel Clinton Dyer sold 8,857 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $149.00, for a total transaction of $1,319,693.00. Following the transaction, the insider owned 33,640 shares in the company, valued at approximately $5,012,360. This trade represents a 20.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John L. Calmes, Jr. sold 1,000 shares of World Acceptance stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $149.21, for a total transaction of $149,210.00. Following the transaction, the insider directly owned 54,395 shares in the company, valued at $8,116,277.95. The trade was a 1.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 9,946 shares of company stock valued at $1,482,253. 41.60% of the stock is owned by insiders.

Hedge Funds Weigh In On World Acceptance

Several institutional investors and hedge funds have recently modified their holdings of the business. Quantinno Capital Management LP raised its holdings in shares of World Acceptance by 40.3% in the second quarter. Quantinno Capital Management LP now owns 2,550 shares of the credit services provider’s stock valued at $421,000 after purchasing an additional 733 shares during the last quarter. Squarepoint Ops LLC bought a new stake in World Acceptance during the second quarter worth about $941,000. Jump Financial LLC bought a new stake in shares of World Acceptance during the 2nd quarter worth approximately $242,000. First Trust Advisors LP increased its holdings in World Acceptance by 0.8% during the second quarter. First Trust Advisors LP now owns 10,600 shares of the credit services provider’s stock worth $1,750,000 after buying an additional 82 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in World Acceptance by 4.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,044 shares of the credit services provider’s stock valued at $259,000 after purchasing an additional 78 shares during the last quarter. 83.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on WRLD shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of World Acceptance in a report on Monday, December 29th. Zacks Research upgraded World Acceptance from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, World Acceptance currently has an average rating of “Hold”.

World Acceptance Company Profile

World Acceptance Corporation (NASDAQ: WRLD) is a consumer finance company headquartered in Greenville, South Carolina. Founded in 1972, the company provides credit solutions to underserved customers who may have limited access to traditional banking services. Over the decades, World Acceptance has built a reputation for tailored lending that emphasizes responsible underwriting and personalized customer service.

The company’s core product offerings include short-term installment loans designed to meet the immediate financial needs of its clients.