World Acceptance (NASDAQ:WRLD) Stock: Insider Ken Bramlett, Jr. Sells 3,797 Shares

World Acceptance Corporation (NASDAQ:WRLD) Director Ken Bramlett, Jr. sold 3,797 shares of World Acceptance stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $176.95, for a total transaction of $671,879.15. Following the completion of the sale, the director owned 28,408 shares of the company’s stock, valued at approximately $5,026,795.60. This trade represents a 11.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

World Acceptance Stock Performance

Shares of WRLD traded down $9.53 during midday trading on Friday, hitting $166.39. 25,870 shares of the stock traded hands, compared to its average volume of 115,947. The firm has a market capitalization of $775.38 million, a PE ratio of 15.47 and a beta of 1.17. The business’s 50 day moving average price is $179.04 and its two-hundred day moving average price is $163.31. World Acceptance Corporation has a 1-year low of $110.00 and a 1-year high of $227.68. The company has a debt-to-equity ratio of 1.44, a quick ratio of 13.49 and a current ratio of 14.38.

World Acceptance (NASDAQ:WRLD) last posted its quarterly earnings data on Friday, October 23rd. The credit services provider reported $1.93 earnings per share for the quarter, topping the consensus estimate of $0.78 by $1.15. World Acceptance had a net margin of 8.45% and a return on equity of 15.32%. The business had revenue of $139.21 million during the quarter, compared to the consensus estimate of $140.70 million. During the same quarter in the prior year, the company posted ($0.33) earnings per share. Equities research analysts predict that World Acceptance Corporation will post 13.18 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Wall Street Zen lowered World Acceptance from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of World Acceptance in a report on Monday, September 21st. Finally, Zacks Research upgraded World Acceptance to a “hold” rating in a report on Monday, October 5th. Two investment analysts have rated the stock with a Hold rating. According to MarketBeat, World Acceptance presently has an average rating of “Hold”.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new stake in shares of World Acceptance during the 2nd quarter valued at about $4,577,000. Public Employees Retirement System of Ohio bought a new position in World Acceptance during the second quarter valued at approximately $1,239,000. Bank of America Corp DE raised its position in World Acceptance by 97.5% during the first quarter. Bank of America Corp DE now owns 20,545 shares of the credit services provider’s stock valued at $2,774,000 after acquiring an additional 10,140 shares in the last quarter. Squarepoint Ops LLC lifted its stake in World Acceptance by 82.5% in the second quarter. Squarepoint Ops LLC now owns 7,004 shares of the credit services provider’s stock valued at $1,568,000 after acquiring an additional 3,166 shares during the last quarter. Finally, Jennison Associates LLC bought a new stake in World Acceptance in the first quarter worth approximately $680,000. 83.63% of the stock is owned by institutional investors and hedge funds.

World Acceptance Company Profile

World Acceptance Corporation is a consumer finance company that provides small-dollar personal installment loans and related financial services through its World Finance branch network and online channels. The company primarily serves consumers who may have limited access to traditional bank credit.

Its products and services generally include personal loans, tax return preparation and filing, and certain ancillary financial products. Loan proceeds may be used for expenses such as household needs, medical bills, automobile repairs, or other personal obligations, subject to applicable lending requirements.

Founded in 1962, World Acceptance is headquartered in Greenville, South Carolina.