World Acceptance (NASDAQ:WRLD) SVP Sells $381,480.00 in Stock

World Acceptance Corporation (NASDAQ:WRLD) SVP Jason Childers sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $190.74, for a total transaction of $381,480.00. Following the sale, the senior vice president owned 12,799 shares of the company’s stock, valued at approximately $2,441,281.26. The trade was a 13.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

World Acceptance Price Performance

World Acceptance stock opened at $194.75 on Friday. World Acceptance Corporation has a 12 month low of $110.00 and a 12 month high of $227.68. The company has a current ratio of 13.49, a quick ratio of 13.49 and a debt-to-equity ratio of 1.29. The business’s 50 day simple moving average is $191.06 and its 200 day simple moving average is $158.81. The company has a market cap of $907.53 million, a price-to-earnings ratio of 23.02 and a beta of 1.14.

World Acceptance (NASDAQ:WRLD) last posted its quarterly earnings results on Friday, July 24th. The credit services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $0.58 by $1.54. World Acceptance had a return on equity of 12.13% and a net margin of 6.71%.The company had revenue of $127.79 million during the quarter, compared to the consensus estimate of $143.90 million.

Hedge Funds Weigh In On World Acceptance

A number of institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its stake in 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 in the last quarter. Smith Thomas W purchased a new position in World Acceptance in the 4th quarter worth approximately $10,894,000. Charles Schwab Investment Management Inc. increased its holdings in shares of 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 worth $10,696,000 after buying an additional 10,308 shares during the last quarter. Millennium Management LLC increased its holdings 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 buying an additional 58,982 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of World Acceptance by 5.2% during the 4th quarter. AQR Capital Management LLC now owns 64,358 shares of the credit services provider’s stock valued at $9,035,000 after buying an additional 3,195 shares in the last quarter. 83.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wall Street Zen lowered World Acceptance from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 10th. Weiss Ratings restated a “hold (c)” rating on shares of World Acceptance in a research note on Wednesday, June 24th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

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.