John Calmes, Jr. Sells 2,000 Shares of World Acceptance (NASDAQ:WRLD) Stock

World Acceptance Corporation (NASDAQ:WRLD) insider John Calmes, Jr. sold 2,000 shares of the company’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $186.00, for a total transaction of $372,000.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

World Acceptance Stock Down 0.4%

World Acceptance stock traded down $0.65 during midday trading on Friday, hitting $180.46. 46,189 shares of the company’s stock were exchanged, compared to its average volume of 137,374. The company has a debt-to-equity ratio of 1.29, a quick ratio of 22.99 and a current ratio of 13.49. The company has a market cap of $840.92 million, a PE ratio of 21.33 and a beta of 1.13. The firm has a 50-day moving average of $185.80 and a two-hundred day moving average of $155.11. World Acceptance Corporation has a 12 month low of $110.00 and a 12 month high of $227.68.

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on WRLD. Wall Street Zen upgraded World Acceptance from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Weiss Ratings reissued a “hold (c)” rating on shares of World Acceptance in a research report on Wednesday, June 24th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Institutional Trading of World Acceptance

A number of institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of World Acceptance by 15.4% during the 2nd quarter. GAMMA Investing LLC now owns 548 shares of the credit services provider’s stock worth $123,000 after acquiring an additional 73 shares in the last quarter. Bank of America Corp DE boosted its stake in World Acceptance by 97.5% in 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. EverSource Wealth Advisors LLC boosted its stake in World Acceptance by 102.4% in the first quarter. EverSource Wealth Advisors LLC now owns 255 shares of the credit services provider’s stock valued at $34,000 after acquiring an additional 129 shares in the last quarter. Renaissance Technologies LLC grew its holdings in World Acceptance by 4.9% in the first quarter. Renaissance Technologies LLC now owns 48,800 shares of the credit services provider’s stock worth $6,590,000 after purchasing an additional 2,300 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in World Acceptance by 3,071.7% in the first quarter. Public Employees Retirement System of Ohio now owns 4,821 shares of the credit services provider’s stock worth $651,000 after purchasing an additional 4,669 shares during the last quarter. 83.63% of the stock is currently owned by institutional investors.

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.