Key Points
- Insider sale: John Calmes, Jr. sold 1,000 shares on March 10 at an average price of $141.88 for $141,880, reducing his stake to 50,334 shares (a 1.95% decrease).
- Missed estimates: World Acceptance reported EPS of ($0.19) vs. $0.58 expected and revenue of $128.47M vs. $133.49M, while the stock trades near $134.49 with a market cap of $663.97M and a P/E of 17.28.
- Institutional backing and sentiment: Institutions own about 83.63% of the stock and the consensus analyst rating is "Hold" after recent upgrades to neutral/hold.
World Acceptance Corporation (NASDAQ:WRLD - Get Free Report) insider John Calmes, Jr. sold 1,000 shares of the firm's stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $141.88, for a total transaction of $141,880.00. Following the sale, the insider owned 50,334 shares of the company's stock, valued at approximately $7,141,387.92. The trade was a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
World Acceptance Trading Down 0.5%
WRLD stock traded down $0.66 during trading on Thursday, reaching $134.49. 75,051 shares of the stock were exchanged, compared to its average volume of 110,682. The company has a current ratio of 25.01, a quick ratio of 25.01 and a debt-to-equity ratio of 1.64. The firm has a market capitalization of $663.97 million, a price-to-earnings ratio of 17.28 and a beta of 1.20. The business has a 50 day moving average price of $134.40 and a 200-day moving average price of $149.02. World Acceptance Corporation has a 1 year low of $104.99 and a 1 year high of $185.48.
World Acceptance (NASDAQ:WRLD - Get Free Report) last posted its quarterly earnings results on Tuesday, January 27th. The credit services provider reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.77). The firm had revenue of $128.47 million during the quarter, compared to analysts' expectations of $133.49 million. World Acceptance had a net margin of 7.46% and a return on equity of 10.80%. On average, research analysts predict that World Acceptance Corporation will post 14 earnings per share for the current year.
Institutional Trading of World Acceptance
Several hedge funds have recently made changes to their positions in WRLD. iSAM Funds UK Ltd purchased a new position in shares of World Acceptance in the third quarter valued at approximately $30,000. Russell Investments Group Ltd. increased its stake in World Acceptance by 241.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 331 shares of the credit services provider's stock worth $56,000 after buying an additional 234 shares during the period. Tower Research Capital LLC TRC increased its stake in World Acceptance by 103.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 569 shares of the credit services provider's stock worth $94,000 after buying an additional 289 shares during the period. Aquatic Capital Management LLC acquired a new stake in World Acceptance during the 3rd quarter worth approximately $138,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in World Acceptance during the 3rd quarter worth approximately $215,000. Institutional investors and hedge funds own 83.63% of the company's stock.
Analyst Upgrades and Downgrades
WRLD has been the subject of several recent analyst reports. Zacks Research raised World Acceptance from a "strong sell" rating to a "hold" rating in a research note on Monday, December 22nd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of World Acceptance in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, World Acceptance currently has a consensus rating of "Hold".
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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