World Acceptance (NASDAQ:WRLD) Director Sells $452,445.87 in Stock

World Acceptance Corporation (NASDAQ:WRLD) Director Benjamin Robinson III sold 2,031 shares of the stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $222.77, for a total value of $452,445.87. Following the transaction, the director owned 4,836 shares of the company’s stock, valued at approximately $1,077,315.72. This trade represents a 29.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

World Acceptance Stock Down 1.9%

NASDAQ WRLD traded down $4.24 on Wednesday, hitting $219.59. 84,737 shares of the stock traded hands, compared to its average volume of 136,169. The stock has a 50-day moving average of $166.11 and a 200 day moving average of $147.45. World Acceptance Corporation has a twelve month low of $110.00 and a twelve month high of $227.68. The company has a market capitalization of $1.02 billion, a P/E ratio of 29.75 and a beta of 1.19. The company has a current ratio of 22.99, a quick ratio of 22.99 and a debt-to-equity ratio of 1.26.

World Acceptance (NASDAQ:WRLD) last announced its quarterly earnings results on Thursday, April 30th. The credit services provider reported $7.70 earnings per share for the quarter, missing analysts’ consensus estimates of $7.74 by ($0.04). World Acceptance had a return on equity of 9.36% and a net margin of 5.98%.The company had revenue of $164.31 million for the quarter, compared to analyst estimates of $168.40 million.

Analysts Set New Price Targets

A number of research firms have recently issued reports on WRLD. Wall Street Zen lowered shares of World Acceptance from a “buy” rating to a “hold” rating in a report on Sunday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of World Acceptance in a research report on Wednesday, June 24th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Institutional Trading of World Acceptance

Several large investors have recently added to or reduced their stakes in WRLD. iSAM Funds UK Ltd acquired a new stake in World Acceptance during the 3rd quarter valued at $30,000. EverSource Wealth Advisors LLC raised its holdings 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 during the last quarter. Russell Investments Group Ltd. raised its holdings 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 during the last quarter. Tower Research Capital LLC TRC lifted its position in 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 in the last quarter. Finally, Aquatic Capital Management LLC bought a new stake in World Acceptance during the 3rd quarter worth about $138,000. 83.63% of the stock is owned by institutional investors.

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.