World Acceptance (NASDAQ:WRLD) Insider John Calmes, Jr. Sells 1,000 Shares

World Acceptance Corporation (NASDAQ:WRLD) insider John Calmes, Jr. sold 1,000 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $149.21, for a total transaction of $149,210.00. Following the completion of the transaction, the insider directly owned 54,395 shares of the company’s stock, valued at approximately $8,116,277.95. The trade was a 1.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

World Acceptance Trading Down 3.5%

World Acceptance stock opened at $142.72 on Friday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 24.16 and a current ratio of 24.16. World Acceptance Corporation has a fifty-two week low of $104.99 and a fifty-two week high of $185.48. The stock has a market cap of $719.31 million, a P/E ratio of 13.66 and a beta of 1.08. The firm’s fifty day moving average price is $147.51 and its 200-day moving average price is $160.19.

World Acceptance (NASDAQ:WRLD) last posted its quarterly earnings data on Thursday, October 23rd. The credit services provider reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.87 by ($2.25). World Acceptance had a net margin of 10.00% and a return on equity of 13.65%. The business had revenue of $120.12 million for the quarter, compared to the consensus estimate of $127.85 million. Equities research analysts forecast that World Acceptance Corporation will post 14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On World Acceptance

A number of large investors have recently modified their holdings of the company. iSAM Funds UK Ltd bought a new stake in World Acceptance in the 3rd quarter worth approximately $30,000. Russell Investments Group Ltd. raised its stake 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 in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of World Acceptance by 103.2% in the 2nd 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 during the last quarter. KLP Kapitalforvaltning AS lifted its holdings in shares of World Acceptance by 60.0% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 800 shares of the credit services provider’s stock worth $132,000 after acquiring an additional 300 shares during the last quarter. Finally, Aquatic Capital Management LLC purchased a new stake in shares of World Acceptance in the 3rd quarter valued at $138,000. 83.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of World Acceptance in a research note on Monday. Zacks Research cut shares of World Acceptance from a “hold” rating to a “strong sell” rating in a research note on Monday, October 27th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

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.