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

World Acceptance Corporation (NASDAQ:WRLD) insider John Calmes, Jr. sold 1,000 shares of World Acceptance stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $141.88, for a total value of $141,880.00. Following the completion of the transaction, the insider owned 50,334 shares of the company’s stock, valued at approximately $7,141,387.92. This represents a 1.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

World Acceptance Price Performance

NASDAQ WRLD traded down $0.66 during trading hours on Thursday, reaching $134.49. The company’s stock had a trading volume of 75,051 shares, compared to its average volume of 110,682. The firm has a market capitalization of $663.97 million, a price-to-earnings ratio of 17.28 and a beta of 1.20. The company’s 50-day moving average is $134.40 and its two-hundred day moving average is $149.02. The company has a debt-to-equity ratio of 1.64, a current ratio of 25.01 and a quick ratio of 25.01. World Acceptance Corporation has a 1-year low of $104.99 and a 1-year high of $185.48.

World Acceptance (NASDAQ:WRLD) last issued its quarterly earnings data on Tuesday, January 27th. The credit services provider reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.58 by ($0.77). The business had revenue of $128.47 million during the quarter, compared to analyst estimates of $133.49 million. World Acceptance had a net margin of 7.46% and a return on equity of 10.80%. On average, equities analysts predict that World Acceptance Corporation will post 14 EPS for the current year.

Institutional Investors Weigh In On World Acceptance

A number of large investors have recently made changes to their positions in WRLD. Geode Capital Management LLC increased its holdings in shares of World Acceptance by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 87,588 shares of the credit services provider’s stock valued at $12,299,000 after purchasing an additional 2,469 shares during the last quarter. American Century Companies Inc. boosted its stake in World Acceptance by 14.2% during the third quarter. American Century Companies Inc. now owns 85,622 shares of the credit services provider’s stock worth $14,482,000 after buying an additional 10,649 shares during the last quarter. Smith Thomas W purchased a new stake in World Acceptance in the 4th quarter valued at $10,894,000. Charles Schwab Investment Management Inc. grew its holdings in World Acceptance by 15.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 76,188 shares of the credit services provider’s stock valued at $10,696,000 after buying an additional 10,308 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of World Acceptance by 680.5% in the 4th quarter. Millennium Management LLC now owns 67,649 shares of the credit services provider’s stock worth $9,497,000 after acquiring an additional 58,982 shares during the last quarter. 83.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of World Acceptance in a report on Monday, December 29th. Zacks Research upgraded shares of World Acceptance from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

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.