Prescott General Partners Llc Sells 133,199 Shares of World Acceptance (NASDAQ:WRLD) Stock

World Acceptance Corporation (NASDAQ:WRLD) insider Prescott General Partners Llc sold 133,199 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $187.69, for a total value of $25,000,120.31. Following the completion of the sale, the insider owned 31,148 shares in the company, valued at approximately $5,846,168.12. This trade represents a 81.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

World Acceptance Stock Performance

World Acceptance stock traded down $0.90 during mid-day trading on Tuesday, hitting $189.10. 58,373 shares of the company’s stock traded hands, compared to its average volume of 134,267. The company has a debt-to-equity ratio of 1.29, a current ratio of 13.49 and a quick ratio of 13.49. The firm has a 50 day simple moving average of $191.45 and a two-hundred day simple moving average of $159.43. World Acceptance Corporation has a fifty-two week low of $110.00 and a fifty-two week high of $227.68. The stock has a market cap of $881.21 million, a price-to-earnings ratio of 22.35 and a beta of 1.14.

World Acceptance (NASDAQ:WRLD) last released its quarterly earnings data on Friday, July 24th. The credit services provider reported $2.12 EPS for the quarter, beating the consensus estimate of $0.58 by $1.54. The firm had revenue of $127.79 million for the quarter, compared to the consensus estimate of $143.90 million. World Acceptance had a net margin of 6.71% and a return on equity of 12.13%.

Institutional Investors Weigh In On World Acceptance

Institutional investors have recently modified their holdings of the business. Geode Capital Management LLC grew its stake in shares of World Acceptance by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 87,588 shares of the credit services provider’s stock valued at $12,299,000 after acquiring an additional 2,469 shares in the last quarter. Smith Thomas W acquired a new stake in World Acceptance in the 4th quarter worth about $10,894,000. Charles Schwab Investment Management Inc. boosted its holdings in World Acceptance by 15.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 76,188 shares of the credit services provider’s stock valued at $10,696,000 after purchasing an additional 10,308 shares during the period. Millennium Management LLC grew its position in shares of World Acceptance by 680.5% during the 4th quarter. Millennium Management LLC now owns 67,649 shares of the credit services provider’s stock worth $9,497,000 after purchasing an additional 58,982 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in shares of World Acceptance by 5.2% during the 4th quarter. AQR Capital Management LLC now owns 64,358 shares of the credit services provider’s stock worth $9,035,000 after purchasing an additional 3,195 shares in the last quarter. Institutional investors own 83.63% of the company’s stock.

Analyst Ratings Changes

WRLD has been the topic of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of World Acceptance in a research note on Wednesday, June 24th. Wall Street Zen downgraded shares of World Acceptance from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 10th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company 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.