World Acceptance (NASDAQ:WRLD) Director Charles Way Sells 833 Shares

World Acceptance Corporation (NASDAQ:WRLD) Director Charles Way sold 833 shares of the stock in a transaction on Friday, June 26th. The stock was sold at an average price of $210.00, for a total value of $174,930.00. Following the sale, the director owned 13,562 shares of the company’s stock, valued at approximately $2,848,020. This represents a 5.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

World Acceptance Stock Up 3.1%

WRLD traded up $6.53 during trading on Monday, reaching $220.29. 45,129 shares of the stock traded hands, compared to its average volume of 136,488. The stock’s 50-day simple moving average is $162.60 and its two-hundred day simple moving average is $146.32. The company has a debt-to-equity ratio of 1.26, a current ratio of 22.99 and a quick ratio of 22.99. World Acceptance Corporation has a fifty-two week low of $110.00 and a fifty-two week high of $220.58. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 29.81 and a beta of 1.19.

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

Institutional Trading of World Acceptance

Several hedge funds and other institutional investors have recently bought and sold shares of WRLD. Intech Investment Management LLC lifted its stake in shares of World Acceptance by 677.8% in the third quarter. Intech Investment Management LLC now owns 11,582 shares of the credit services provider’s stock valued at $1,959,000 after buying an additional 10,093 shares during the period. WINTON GROUP Ltd increased its position in shares of World Acceptance by 138.1% during the third quarter. WINTON GROUP Ltd now owns 20,241 shares of the credit services provider’s stock valued at $3,424,000 after purchasing an additional 11,741 shares during the period. American Century Companies Inc. raised its stake in shares of World Acceptance by 14.2% in the third quarter. American Century Companies Inc. now owns 85,622 shares of the credit services provider’s stock valued at $14,482,000 after purchasing an additional 10,649 shares in the last quarter. CX Institutional lifted its position in World Acceptance by 11.1% in the fourth quarter. CX Institutional now owns 41,097 shares of the credit services provider’s stock worth $5,770,000 after purchasing an additional 4,098 shares during the period. Finally, SageGuard Financial Group LLC acquired a new stake in World Acceptance during the fourth quarter worth $528,000. 83.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WRLD has been the subject of several recent analyst reports. Wall Street Zen downgraded World Acceptance from a “buy” rating to a “hold” rating in a research note on Sunday. Weiss Ratings restated a “hold (c)” rating on shares of World Acceptance in a research note on Wednesday. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock 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.