Prescott General Partners Llc Sells 347,064 Shares of World Acceptance (NASDAQ:WRLD) Stock

World Acceptance Corporation (NASDAQ:WRLD) insider Prescott General Partners Llc sold 347,064 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $172.88, for a total transaction of $60,000,424.32. Following the sale, the insider directly owned 41,804 shares of the company’s stock, valued at $7,227,075.52. The trade was a 89.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

World Acceptance Trading Up 0.0%

NASDAQ:WRLD opened at $172.15 on Wednesday. World Acceptance Corporation has a 52 week low of $104.99 and a 52 week high of $177.25. The firm has a 50 day moving average of $167.30 and a 200 day moving average of $148.24. The company has a quick ratio of 17.83, a current ratio of 17.83 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $938.22 million, a price-to-earnings ratio of 11.62 and a beta of 1.28.

World Acceptance (NASDAQ:WRLD) last posted its earnings results on Thursday, July 24th. The credit services provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($2.19). World Acceptance had a net margin of 14.29% and a return on equity of 18.95%. The firm had revenue of $132.45 million for the quarter, compared to analysts’ expectations of $122.38 million. As a group, sell-side analysts anticipate that World Acceptance Corporation will post 14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of World Acceptance from a “strong-buy” rating to a “hold” rating in a report on Saturday, July 26th. One analyst has rated the stock with a Hold rating, According to MarketBeat, World Acceptance presently has an average rating of “Hold” and an average target price of $10.00.

Institutional Trading of World Acceptance

Hedge funds and other institutional investors have recently made changes to their positions in the business. Squarepoint Ops LLC purchased a new position in World Acceptance during the second quarter valued at approximately $941,000. Public Sector Pension Investment Board raised its position in World Acceptance by 6.0% during the second quarter. Public Sector Pension Investment Board now owns 14,805 shares of the credit services provider’s stock valued at $2,445,000 after acquiring an additional 834 shares in the last quarter. Tower Research Capital LLC TRC raised its position in World Acceptance by 103.2% during the second 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 in the last quarter. Lazard Asset Management LLC grew its position in World Acceptance by 22.1% during the second quarter. Lazard Asset Management LLC now owns 1,461 shares of the credit services provider’s stock valued at $240,000 after buying an additional 264 shares during the period. Finally, HRT Financial LP acquired a new stake in World Acceptance during the second quarter valued at $1,808,000. Institutional investors and hedge funds own 83.63% of the company’s stock.

World Acceptance Company Profile

World Acceptance Corporation engages in consumer finance business in the United States. The company provides short-term small installment loans, medium-term larger installment loans, related credit insurance, and ancillary products and services to individuals. It offers income tax return preparation and filing services; and automobile club memberships.