Insider Selling: World Acceptance (NASDAQ:WRLD) Director Sells 2,031 Shares

World Acceptance Corporation (NASDAQ:WRLD) Director Benjamin Robinson III sold 2,031 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $222.77, for a total transaction of $452,445.87. Following the completion of the sale, the director directly owned 4,836 shares in the company, valued at $1,077,315.72. This represents a 29.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

World Acceptance Trading Down 1.9%

NASDAQ:WRLD traded down $4.24 during trading hours on Wednesday, reaching $219.59. 84,737 shares of the company were exchanged, compared to its average volume of 136,169. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 29.75 and a beta of 1.19. The stock has a 50 day simple moving average of $166.11 and a 200 day simple moving average of $147.45. World Acceptance Corporation has a 52-week low of $110.00 and a 52-week high of $227.68. 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 (NASDAQ:WRLD) last announced its quarterly earnings data 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). The company had revenue of $164.31 million for the quarter, compared to analysts’ expectations of $168.40 million. World Acceptance had a net margin of 5.98% and a return on equity of 9.36%.

Institutional Trading of World Acceptance

Large investors have recently bought and sold shares of the company. iSAM Funds UK Ltd purchased a new position in shares of World Acceptance in the third quarter valued at $30,000. EverSource Wealth Advisors LLC increased its position in shares of World Acceptance by 102.4% during the first quarter. EverSource Wealth Advisors LLC now owns 255 shares of the credit services provider’s stock worth $34,000 after acquiring an additional 129 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of World Acceptance by 241.2% during the third quarter. Russell Investments Group Ltd. now owns 331 shares of the credit services provider’s stock worth $56,000 after acquiring an additional 234 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake 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 worth $94,000 after acquiring an additional 289 shares in the last quarter. Finally, Aquatic Capital Management LLC purchased a new position in World Acceptance in the third quarter valued at about $138,000. Institutional investors and hedge funds own 83.63% of the company’s stock.

Analyst Upgrades and Downgrades

WRLD has been the topic of several research analyst reports. Wall Street Zen lowered World Acceptance from a “buy” rating to a “hold” rating in a research note on Sunday. Weiss Ratings reissued 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, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

About World Acceptance

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.