World Acceptance (NASDAQ:WRLD) Sees Unusually-High Trading Volume – Here’s What Happened

World Acceptance Corporation (NASDAQ:WRLD) shares saw strong trading volume on Tuesday . 105,607 shares changed hands during mid-day trading, an increase of 6% from the previous session’s volume of 99,257 shares.The stock last traded at $136.22 and had previously closed at $136.85.

Wall Street Analyst Weigh In

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

World Acceptance Trading Up 3.8%

The business’s fifty day moving average is $135.01 and its two-hundred day moving average is $149.94. The company has a quick ratio of 25.01, a current ratio of 25.01 and a debt-to-equity ratio of 1.64. The firm has a market cap of $720.15 million, a price-to-earnings ratio of 18.67 and a beta of 1.20.

World Acceptance (NASDAQ:WRLD) last released its earnings results on Tuesday, January 27th. The credit services provider reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.77). The business had revenue of $128.47 million for the quarter, compared to analyst estimates of $133.49 million. World Acceptance had a return on equity of 10.80% and a net margin of 7.46%. Equities analysts anticipate that World Acceptance Corporation will post 14 earnings per share for the current fiscal year.

Insider Transactions at World Acceptance

In related news, insider John L. Calmes, Jr. sold 1,000 shares of the stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $149.21, for a total value of $149,210.00. Following the sale, the insider directly owned 54,395 shares in the company, valued at $8,116,277.95. This trade represents a 1.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Daniel Clinton Dyer sold 8,857 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $149.00, for a total transaction of $1,319,693.00. Following the completion of the sale, the insider directly owned 33,640 shares of the company’s stock, valued at $5,012,360. The trade was a 20.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 9,946 shares of company stock valued at $1,482,253 in the last quarter. 41.60% of the stock is currently owned by corporate insiders.

Institutional Trading of World Acceptance

A number of large investors have recently made changes to their positions in the company. iSAM Funds UK Ltd bought a new position in World Acceptance during the third quarter worth about $30,000. Russell Investments Group Ltd. raised its position 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 purchasing an additional 234 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of World Acceptance by 103.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 569 shares of the credit services provider’s stock valued at $94,000 after purchasing an additional 289 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in shares of World Acceptance in the 3rd quarter valued at approximately $138,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in World Acceptance during the 3rd quarter worth approximately $215,000. Institutional investors own 83.63% of the company’s stock.

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.