World Acceptance (NASDAQ:WRLD) Director Ken Bramlett, Jr. Sells 3,797 Shares of Stock

World Acceptance Corporation (NASDAQ:WRLD) Director Ken Bramlett, Jr. sold 3,797 shares of the stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $176.95, for a total transaction of $671,879.15. Following the completion of the sale, the director directly owned 28,408 shares of the company’s stock, valued at $5,026,795.60. This represents a 11.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

World Acceptance Price Performance

NASDAQ WRLD opened at $164.47 on Friday. World Acceptance Corporation has a 12 month low of $110.00 and a 12 month high of $227.68. The stock has a market cap of $766.43 million, a price-to-earnings ratio of 15.29 and a beta of 1.17. The company’s 50 day moving average is $178.65 and its two-hundred day moving average is $163.44. The company has a current ratio of 14.38, a quick ratio of 13.49 and a debt-to-equity ratio of 1.44.

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

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On World Acceptance

Several institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC boosted its position in World Acceptance by 10.6% during the 3rd quarter. GAMMA Investing LLC now owns 606 shares of the credit services provider’s stock valued at $103,000 after acquiring an additional 58 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of 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 acquiring an additional 73 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of World Acceptance by 102.4% in 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 in the last quarter. Allworth Financial LP raised its position in shares of World Acceptance by 51.9% in the 2nd quarter. Allworth Financial LP now owns 433 shares of the credit services provider’s stock worth $97,000 after acquiring an additional 148 shares in the last quarter. Finally, Inspire Investing LLC lifted its stake in shares of 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 during the last quarter. Institutional investors own 83.63% of the company’s stock.

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.