Daniel Clinton Dyer Sells 4,704 Shares of World Acceptance Corporation (NASDAQ:WRLD) Stock

World Acceptance Corporation (NASDAQ:WRLD) insider Daniel Clinton Dyer sold 4,704 shares of the firm’s stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $159.50, for a total transaction of $750,288.00. Following the completion of the transaction, the insider directly owned 42,714 shares of the company’s stock, valued at approximately $6,812,883. The trade was a 9.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

World Acceptance Stock Down 1.9%

Shares of World Acceptance stock opened at $154.36 on Friday. World Acceptance Corporation has a 52-week low of $101.85 and a 52-week high of $177.25. The company has a 50 day moving average of $161.74 and a 200 day moving average of $142.79. The company has a quick ratio of 19.32, a current ratio of 17.83 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $841.26 million, a P/E ratio of 10.42 and a beta of 1.33.

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

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of World Acceptance from a “strong-buy” rating to a “hold” rating in a research note on Saturday, July 26th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of World Acceptance by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 349,238 shares of the credit services provider’s stock worth $44,196,000 after buying an additional 7,429 shares during the last quarter. Northern Trust Corp lifted its position in shares of World Acceptance by 13.4% during the 4th quarter. Northern Trust Corp now owns 64,584 shares of the credit services provider’s stock worth $7,262,000 after buying an additional 7,622 shares during the last quarter. American Century Companies Inc. lifted its position in shares of World Acceptance by 17.0% during the 1st quarter. American Century Companies Inc. now owns 62,019 shares of the credit services provider’s stock worth $7,849,000 after buying an additional 9,005 shares during the last quarter. Ingalls & Snyder LLC lifted its position in shares of World Acceptance by 0.9% during the 2nd quarter. Ingalls & Snyder LLC now owns 53,171 shares of the credit services provider’s stock worth $8,780,000 after buying an additional 495 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of World Acceptance by 84,803.6% during the 1st quarter. GAMMA Investing LLC now owns 46,697 shares of the credit services provider’s stock worth $5,910,000 after buying an additional 46,642 shares during the last quarter. Hedge funds and other institutional investors own 83.63% of the company’s stock.

About World Acceptance

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.