Charles Way Sells 833 Shares of World Acceptance (NASDAQ:WRLD) Stock

World Acceptance Corporation (NASDAQ:WRLD) Director Charles Way sold 833 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $225.00, for a total transaction of $187,425.00. Following the completion of the transaction, the director owned 12,729 shares in the company, valued at approximately $2,864,025. This trade represents a 6.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

World Acceptance Stock Performance

WRLD traded down $2.75 during trading on Wednesday, reaching $221.08. 72,307 shares of the company’s stock were exchanged, compared to its average volume of 136,062. The company has a debt-to-equity ratio of 1.26, a current ratio of 22.99 and a quick ratio of 22.99. World Acceptance Corporation has a 1 year low of $110.00 and a 1 year high of $227.68. The company’s fifty day simple moving average is $166.11 and its 200-day simple moving average is $147.45. The stock has a market capitalization of $1.03 billion, a P/E ratio of 29.87 and a beta of 1.19.

World Acceptance (NASDAQ:WRLD) last released its quarterly earnings data on Thursday, April 30th. The credit services provider reported $7.70 EPS for the quarter, missing the consensus estimate of $7.74 by ($0.04). The business had revenue of $164.31 million during the quarter, compared to analysts’ expectations of $168.40 million. World Acceptance had a net margin of 5.98% and a return on equity of 9.36%.

Hedge Funds Weigh In On World Acceptance

Institutional investors and hedge funds have recently modified their holdings of the business. iSAM Funds UK Ltd acquired a new position in World Acceptance in the 3rd quarter worth about $30,000. EverSource Wealth Advisors LLC increased its position in shares of 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 buying an additional 129 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of World Acceptance by 241.2% in the third quarter. Russell Investments Group Ltd. now owns 331 shares of the credit services provider’s stock valued at $56,000 after buying an additional 234 shares in the last quarter. Tower Research Capital LLC TRC raised its stake 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 worth $94,000 after buying an additional 289 shares during the period. Finally, Aquatic Capital Management LLC acquired a new position in shares of World Acceptance during the 3rd quarter worth approximately $138,000. Hedge funds and other institutional investors own 83.63% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on WRLD shares. Wall Street Zen cut World Acceptance from a “buy” rating to a “hold” rating in a report on Sunday. Weiss Ratings reiterated a “hold (c)” rating on shares of World Acceptance in a research report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, World Acceptance presently 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.