World Acceptance (NASDAQ:WRLD) Insider Sells $372,000.00 in Stock

World Acceptance Corporation (NASDAQ:WRLD) insider John Calmes, Jr. sold 2,000 shares of World Acceptance stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $186.00, for a total value of $372,000.00. Following the completion of the transaction, the insider directly owned 48,334 shares of the company’s stock, valued at approximately $8,990,124. This trade represents a 3.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

World Acceptance Price Performance

Shares of NASDAQ:WRLD opened at $179.81 on Monday. The company has a market capitalization of $837.91 million, a price-to-earnings ratio of 21.25 and a beta of 1.14. The company has a debt-to-equity ratio of 1.29, a current ratio of 13.49 and a quick ratio of 22.99. The business’s 50-day moving average is $186.20 and its 200-day moving average is $155.40. World Acceptance Corporation has a 1 year low of $110.00 and a 1 year high of $227.68.

World Acceptance (NASDAQ:WRLD) last released its earnings results on Friday, July 24th. The credit services provider reported $2.12 EPS for the quarter, topping the consensus estimate of $0.58 by $1.54. World Acceptance had a return on equity of 12.13% and a net margin of 6.71%.The business had revenue of $139.21 million during the quarter, compared to analysts’ expectations of $143.90 million.

Institutional Trading of World Acceptance

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in World Acceptance by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 87,588 shares of the credit services provider’s stock worth $12,299,000 after buying an additional 2,469 shares during the period. Smith Thomas W acquired a new stake in World Acceptance in the fourth quarter valued at approximately $10,894,000. Charles Schwab Investment Management Inc. grew its stake in World Acceptance by 15.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 76,188 shares of the credit services provider’s stock valued at $10,696,000 after acquiring an additional 10,308 shares during the period. Millennium Management LLC increased its holdings in shares of World Acceptance by 680.5% during the fourth quarter. Millennium Management LLC now owns 67,649 shares of the credit services provider’s stock valued at $9,497,000 after acquiring an additional 58,982 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of World Acceptance by 5.2% during the fourth quarter. AQR Capital Management LLC now owns 64,358 shares of the credit services provider’s stock valued at $9,035,000 after acquiring an additional 3,195 shares in the last quarter. 83.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WRLD has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of World Acceptance in a research report on Wednesday, June 24th. Wall Street Zen upgraded shares of World Acceptance from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Two analysts have rated the stock with a Hold rating, According to MarketBeat, World Acceptance has an average rating of “Hold”.

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.