Key Points
- Insider sale: John Calmes Jr. sold 1,000 WRLD shares on December 17 at an average price of $149.21 for $149,210, trimming his holding by 1.81% to 54,395 shares, per the SEC filing.
- Earnings miss and weak analyst sentiment: World Acceptance reported EPS of ($0.38) versus $1.87 expected and revenue below estimates, and the stock carries a consensus rating of "Reduce" with recent downgrades including Zacks' "strong sell."
World Acceptance Corporation (NASDAQ:WRLD - Get Free Report) insider John Calmes, Jr. sold 1,000 shares of the business's stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $149.21, for a total value of $149,210.00. Following the completion of the sale, the insider directly owned 54,395 shares of the company's stock, valued at approximately $8,116,277.95. This trade represents a 1.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
World Acceptance Price Performance
WRLD opened at $142.72 on Friday. The stock's 50 day simple moving average is $147.51 and its 200 day simple moving average is $160.19. The company has a debt-to-equity ratio of 1.60, a current ratio of 24.16 and a quick ratio of 24.16. World Acceptance Corporation has a 1 year low of $104.99 and a 1 year high of $185.48. The firm has a market cap of $719.31 million, a price-to-earnings ratio of 13.66 and a beta of 1.08.
World Acceptance (NASDAQ:WRLD - Get Free Report) last announced its quarterly earnings data on Thursday, October 23rd. The credit services provider reported ($0.38) earnings per share for the quarter, missing the consensus estimate of $1.87 by ($2.25). The company had revenue of $120.12 million during the quarter, compared to the consensus estimate of $127.85 million. World Acceptance had a net margin of 10.00% and a return on equity of 13.65%. As a group, analysts predict that World Acceptance Corporation will post 14 earnings per share for the current year.
Institutional Trading of World Acceptance
Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in World Acceptance by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 349,238 shares of the credit services provider's stock valued at $44,196,000 after purchasing an additional 7,429 shares during the period. American Century Companies Inc. boosted its stake in shares of World Acceptance by 14.2% during the 3rd quarter. American Century Companies Inc. now owns 85,622 shares of the credit services provider's stock valued at $14,482,000 after purchasing an additional 10,649 shares in the last quarter. Geode Capital Management LLC increased its position in shares of World Acceptance by 6.1% during the second quarter. Geode Capital Management LLC now owns 84,846 shares of the credit services provider's stock valued at $14,011,000 after buying an additional 4,869 shares during the period. Bridgeway Capital Management LLC increased its position in shares of World Acceptance by 9.0% during the third quarter. Bridgeway Capital Management LLC now owns 63,120 shares of the credit services provider's stock valued at $10,676,000 after buying an additional 5,192 shares during the period. Finally, Ingalls & Snyder LLC raised its stake in World Acceptance by 0.9% in the second quarter. Ingalls & Snyder LLC now owns 53,171 shares of the credit services provider's stock worth $8,780,000 after buying an additional 495 shares in the last quarter. Institutional investors own 83.63% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of World Acceptance in a research report on Monday. Zacks Research downgraded shares of World Acceptance from a "hold" rating to a "strong sell" rating in a research note on Monday, October 27th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, World Acceptance currently has a consensus rating of "Reduce".
Read Our Latest Report on World Acceptance
About World Acceptance
(
Get Free Report)
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.
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