World Acceptance (NASDAQ:WRLD) Director Sells $187,425.00 in Stock

World Acceptance Corporation (NASDAQ:WRLD) Director Charles Way sold 833 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $225.00, for a total value of $187,425.00. Following the completion of the transaction, the director owned 12,729 shares in the company, valued at $2,864,025. The trade was a 6.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

World Acceptance Stock Performance

NASDAQ WRLD opened at $207.98 on Friday. 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 Corporation has a twelve month low of $110.00 and a twelve month high of $227.68. The business has a 50-day moving average price of $169.88 and a 200-day moving average price of $148.78. The firm has a market cap of $965.03 million, a price-to-earnings ratio of 28.18 and a beta of 1.13.

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

Hedge Funds Weigh In On World Acceptance

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. iSAM Funds UK Ltd bought a new stake in World Acceptance in the 3rd quarter worth approximately $30,000. EverSource Wealth Advisors LLC boosted its position 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 valued at $34,000 after acquiring an additional 129 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of World Acceptance by 241.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 331 shares of the credit services provider’s stock valued at $56,000 after acquiring an additional 234 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of World Acceptance by 103.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 569 shares of the credit services provider’s stock valued at $94,000 after acquiring an additional 289 shares during the last quarter. Finally, Aquatic Capital Management LLC purchased a new position in shares of World Acceptance in the third quarter valued at $138,000. 83.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on WRLD shares. Wall Street Zen downgraded shares of World Acceptance from a “buy” rating to a “hold” rating in a report on Sunday, June 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of World Acceptance in a research note on Wednesday, June 24th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus 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.