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

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

World Acceptance Trading Down 1.2%

Shares of NASDAQ WRLD traded down $2.75 during trading hours on Wednesday, reaching $221.08. The stock had a trading volume of 72,307 shares, compared to its average volume of 136,062. World Acceptance Corporation has a 52-week low of $110.00 and a 52-week high of $227.68. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 29.87 and a beta of 1.19. The business’s fifty day moving average price is $166.11 and its two-hundred day moving average price is $147.45. The company has a current ratio of 22.99, a quick ratio of 22.99 and a debt-to-equity ratio of 1.26.

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). The business had revenue of $164.31 million for the quarter, compared to the consensus estimate of $168.40 million. World Acceptance had a return on equity of 9.36% and a net margin of 5.98%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Wall Street Zen downgraded World Acceptance from a “buy” rating to a “hold” rating in a research report on Sunday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of World Acceptance in a research report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Institutional Trading of World Acceptance

Institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of World Acceptance by 4.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,044 shares of the credit services provider’s stock worth $259,000 after buying an additional 78 shares during the period. First Trust Advisors LP lifted its position in World Acceptance by 0.8% during the 2nd quarter. First Trust Advisors LP now owns 10,600 shares of the credit services provider’s stock worth $1,750,000 after acquiring an additional 82 shares during the period. Franklin Resources Inc. grew its stake in World Acceptance by 4.6% during the 3rd quarter. Franklin Resources Inc. now owns 2,637 shares of the credit services provider’s stock valued at $446,000 after purchasing an additional 117 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake 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 valued at $34,000 after purchasing an additional 129 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of World Acceptance by 8.2% in the fourth quarter. SG Americas Securities LLC now owns 1,897 shares of the credit services provider’s stock valued at $266,000 after purchasing an additional 143 shares during the period. 83.63% of the stock is currently owned by institutional investors and hedge funds.

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.