World Acceptance (NASDAQ:WRLD) Stock: Insider Prescott General Partners Llc Sells 88,324 Shares

World Acceptance Corporation (NASDAQ:WRLD) insider Prescott General Partners Llc sold 88,324 shares of the company’s stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $169.83, for a total transaction of $15,000,064.92. Following the completion of the transaction, the insider owned 735,012 shares in the company, valued at approximately $124,827,087.96. This represents a 10.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Prescott General Partners Llc also recently made the following trade(s):

• On Friday, August 14th, Prescott General Partners Llc sold 133,199 shares of World Acceptance stock. The shares were sold at an average price of $187.69, for a total value of $25,000,120.31.

World Acceptance Stock Down 6.5%

NASDAQ WRLD traded down $11.45 during mid-day trading on Friday, hitting $164.47. The company’s stock had a trading volume of 77,473 shares, compared to its average volume of 116,198. 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 $766.43 million, a price-to-earnings ratio of 15.29 and a beta of 1.17. The company has a current ratio of 14.38, a quick ratio of 13.49 and a debt-to-equity ratio of 1.44. The company’s 50 day simple moving average is $179.04 and its 200 day simple moving average is $163.31.

World Acceptance (NASDAQ:WRLD) last announced its quarterly earnings results on Friday, October 23rd. The credit services provider reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $1.15. World Acceptance had a net margin of 8.45% and a return on equity of 15.32%. The firm had revenue of $139.21 million for the quarter, compared to the consensus estimate of $140.70 million. During the same period in the prior year, the firm posted ($0.33) earnings per share. Analysts anticipate that World Acceptance Corporation will post 13.18 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of WRLD. GAMMA Investing LLC increased its position in World Acceptance by 10.6% during the third quarter. GAMMA Investing LLC now owns 606 shares of the credit services provider’s stock worth $103,000 after buying an additional 58 shares during the period. IFP Advisors Inc increased its stake in World Acceptance by 158.7% in the 2nd quarter. IFP Advisors Inc now owns 119 shares of the credit services provider’s stock valued at $27,000 after purchasing an additional 73 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in World Acceptance by 102.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 255 shares of the credit services provider’s stock valued at $34,000 after acquiring an additional 129 shares during the last quarter. Allworth Financial LP lifted its stake in World Acceptance by 51.9% in the 2nd quarter. Allworth Financial LP now owns 433 shares of the credit services provider’s stock valued at $97,000 after buying an additional 148 shares in the last quarter. Finally, Inspire Investing LLC increased its position in World Acceptance by 14.9% during the 1st quarter. Inspire Investing LLC now owns 3,848 shares of the credit services provider’s stock worth $520,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 83.63% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on WRLD. Weiss Ratings reiterated a “hold (c)” rating on shares of World Acceptance in a research report on Monday, September 21st. Wall Street Zen lowered shares of World Acceptance from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 10th. Finally, Zacks Research raised World Acceptance to a “hold” rating in a report on Monday, October 5th. Two analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company has an average rating of “Hold”.

World Acceptance Company Profile

World Acceptance Corporation is a consumer finance company that provides small-dollar personal installment loans and related financial services through its World Finance branch network and online channels. The company primarily serves consumers who may have limited access to traditional bank credit.

Its products and services generally include personal loans, tax return preparation and filing, and certain ancillary financial products. Loan proceeds may be used for expenses such as household needs, medical bills, automobile repairs, or other personal obligations, subject to applicable lending requirements.

Founded in 1962, World Acceptance is headquartered in Greenville, South Carolina.