Insider Selling: World Acceptance (NASDAQ:WRLD) Director Sells $174,930.00 in Stock

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

World Acceptance Trading Down 2.0%

Shares of NASDAQ WRLD opened at $219.46 on Thursday. The company’s fifty day moving average is $167.51 and its 200-day moving average is $147.94. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 29.74 and a beta of 1.13. World Acceptance Corporation has a twelve month low of $110.00 and a twelve month high of $227.68. 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 released its quarterly earnings data on Thursday, April 30th. The credit services provider reported $7.70 EPS for the quarter, missing analysts’ consensus estimates of $7.74 by ($0.04). The firm had revenue of $164.31 million during the quarter, compared to the consensus estimate of $168.40 million. World Acceptance had a net margin of 5.98% and a return on equity of 9.36%.

Analysts Set New Price Targets

WRLD has been the topic of a number of research analyst reports. Wall Street Zen lowered World Acceptance from a “buy” rating to a “hold” rating in a research report on Sunday. Weiss Ratings reiterated a “hold (c)” rating on shares of World Acceptance in a research report on Wednesday, June 24th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, World Acceptance presently has an average rating of “Hold”.

Institutional Trading of World Acceptance

Institutional investors have recently made changes to their positions in the business. iSAM Funds UK Ltd bought a new position in World Acceptance in the third quarter valued at $30,000. EverSource Wealth Advisors LLC lifted its position in 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 buying an additional 129 shares in the last quarter. Russell Investments Group Ltd. boosted its stake 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 worth $56,000 after buying an additional 234 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake 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 worth $94,000 after buying an additional 289 shares during the last quarter. Finally, Aquatic Capital Management LLC bought a new position in shares of World Acceptance in the 3rd quarter valued at about $138,000. Institutional investors 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.