Insider Selling: World Acceptance (NASDAQ:WRLD) Insider Sells $25,000,120.31 in Stock

World Acceptance Corporation (NASDAQ:WRLD) insider Prescott General Partners Llc sold 133,199 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $187.69, for a total transaction of $25,000,120.31. Following the sale, the insider owned 31,148 shares in the company, valued at $5,846,168.12. This represents a 81.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

World Acceptance Stock Performance

NASDAQ WRLD opened at $183.94 on Friday. The company has a market capitalization of $857.16 million, a price-to-earnings ratio of 21.74 and a beta of 1.14. The company has a quick ratio of 13.49, a current ratio of 13.49 and a debt-to-equity ratio of 1.29. World Acceptance Corporation has a twelve month low of $110.00 and a twelve month high of $227.68. The stock has a fifty day simple moving average of $192.24 and a 200 day simple moving average of $160.85.

World Acceptance (NASDAQ:WRLD) last issued its quarterly 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. World Acceptance had a net margin of 6.71% and a return on equity of 12.13%. The firm had revenue of $127.79 million for the quarter, compared to the consensus estimate of $143.90 million.

Institutional Trading of World Acceptance

Institutional investors and hedge funds have recently modified their holdings of the stock. iSAM Funds UK Ltd purchased a new position in shares of World Acceptance during the third quarter valued at approximately $30,000. EverSource Wealth Advisors LLC boosted its holdings in World Acceptance by 102.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 255 shares of the credit services provider’s stock worth $34,000 after acquiring an additional 129 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of World Acceptance by 241.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 331 shares of the credit services provider’s stock worth $56,000 after acquiring an additional 234 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of World Acceptance by 103.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 569 shares of the credit services provider’s stock worth $94,000 after acquiring an additional 289 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of World Acceptance by 15.4% in the second quarter. GAMMA Investing LLC now owns 548 shares of the credit services provider’s stock valued at $123,000 after purchasing an additional 73 shares during the last quarter. 83.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on WRLD. Wall Street Zen lowered World Acceptance from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 10th. Weiss Ratings restated a “hold (c)” rating on shares of World Acceptance in a report on Wednesday, June 24th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, World Acceptance has an average 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.