World Acceptance (NASDAQ:WRLD) SVP Jason Childers Sells 2,000 Shares

World Acceptance Corporation (NASDAQ:WRLD) SVP Jason Childers sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $190.74, for a total transaction of $381,480.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

World Acceptance Price Performance

Shares of WRLD opened at $187.69 on Friday. 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 stock’s 50 day moving average is $190.51 and its two-hundred day moving average is $158.56. World Acceptance Corporation has a twelve month low of $110.00 and a twelve month high of $227.68. The firm has a market capitalization of $874.64 million, a PE ratio of 22.19 and a beta of 1.14.

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

Hedge Funds Weigh In On World Acceptance

Several hedge funds have recently bought and sold shares of the company. CX Institutional raised its position in World Acceptance by 11.1% during the fourth quarter. CX Institutional now owns 41,097 shares of the credit services provider’s stock worth $5,770,000 after acquiring an additional 4,098 shares during the last quarter. SageGuard Financial Group LLC acquired a new stake in shares of World Acceptance in the fourth quarter valued at approximately $528,000. Jennison Associates LLC acquired a new stake in shares of World Acceptance in the first quarter valued at approximately $680,000. Public Employees Retirement System of Ohio increased its stake in shares of World Acceptance by 3,071.7% during the 1st 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 in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of World Acceptance by 33.7% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 9,153 shares of the credit services provider’s stock worth $1,236,000 after purchasing an additional 2,306 shares in the last quarter. 83.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on WRLD. Weiss Ratings restated a “hold (c)” rating on shares of World Acceptance in a research report on Wednesday, June 24th. Wall Street Zen cut shares of World Acceptance from a “strong-buy” rating to a “buy” rating in a research note on Monday. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average 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.