World Acceptance (NASDAQ:WRLD) Reaches New 1-Year High – What’s Next?

World Acceptance Corporation (NASDAQ:WRLD) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $189.80 and last traded at $188.7770, with a volume of 13698 shares changing hands. The stock had previously closed at $184.63.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Wall Street Zen raised World Acceptance from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings reissued a “hold (c)” rating on shares of World Acceptance in a research note on Friday, March 27th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

World Acceptance Stock Performance

The firm has a market cap of $885.43 million, a PE ratio of 25.79 and a beta of 1.19. The firm has a 50-day moving average price of $158.67 and a two-hundred day moving average price of $145.09. The company has a quick ratio of 22.99, a current ratio of 22.99 and a debt-to-equity ratio of 1.26.

World Acceptance (NASDAQ:WRLD) last issued its quarterly earnings results on Thursday, April 30th. The credit services provider reported $7.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.74 by ($0.04). World Acceptance had a return on equity of 9.36% and a net margin of 5.98%.The firm had revenue of $164.31 million during the quarter, compared to analyst estimates of $168.40 million.

Insiders Place Their Bets

In other news, insider Luke J. Umstetter sold 1,000 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $181.66, for a total value of $181,660.00. Following the completion of the sale, the insider directly owned 28,245 shares in the company, valued at $5,130,986.70. This represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Alice Lindsay Caulder sold 609 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $181.00, for a total transaction of $110,229.00. Following the completion of the transaction, the senior vice president directly owned 14,682 shares in the company, valued at approximately $2,657,442. This represents a 3.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,879 shares of company stock valued at $335,089 in the last 90 days. 41.60% of the stock is owned by insiders.

Institutional Trading of World Acceptance

A number of hedge funds have recently bought and sold shares of the business. iSAM Funds UK Ltd purchased a new position in World Acceptance in the 3rd quarter worth approximately $30,000. EverSource Wealth Advisors LLC boosted its holdings in shares of World Acceptance by 102.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 255 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 129 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of World Acceptance by 241.2% in the third quarter. Russell Investments Group Ltd. now owns 331 shares of the credit services provider’s stock valued at $56,000 after purchasing an additional 234 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of World Acceptance by 103.2% in the second quarter. Tower Research Capital LLC TRC now owns 569 shares of the credit services provider’s stock valued at $94,000 after purchasing an additional 289 shares during the last quarter. Finally, Aquatic Capital Management LLC purchased a new position in World Acceptance during the third quarter worth approximately $138,000. Institutional investors and hedge funds own 83.63% of the company’s stock.

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.