Key Points
- World Acceptance Director Benjamin Robinson III sold 90 shares on May 22 at an average price of $160, totaling $14,400. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- After the transaction, Robinson still owned 4,836 shares, valued at about $773,760, representing a 1.83% decrease in his stake.
- The company recently reported quarterly EPS of $7.70, missing estimates, while revenue of $164.89 million also came in below expectations. Analyst sentiment remains cautious, with an average Hold rating.
World Acceptance Corporation (NASDAQ:WRLD - Get Free Report) Director Benjamin Robinson III sold 90 shares of the company's stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $160.00, for a total transaction of $14,400.00. Following the transaction, the director owned 4,836 shares of the company's stock, valued at approximately $773,760. The trade was a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
World Acceptance Price Performance
NASDAQ:WRLD opened at $166.42 on Wednesday. The stock has a market cap of $822.11 million, a P/E ratio of 22.55 and a beta of 1.16. World Acceptance Corporation has a one year low of $110.00 and a one year high of $185.48. The company has a fifty day moving average price of $145.21 and a 200 day moving average price of $141.02. The company has a debt-to-equity ratio of 1.64, a current ratio of 25.01 and a quick ratio of 25.01.
World Acceptance (NASDAQ:WRLD - Get Free Report) last released its earnings results on Thursday, April 30th. The credit services provider reported $7.70 EPS for the quarter, missing the consensus estimate of $7.74 by ($0.04). The company had revenue of $164.89 million for the quarter, compared to analyst estimates of $168.40 million. World Acceptance had a net margin of 5.98% and a return on equity of 9.17%.
Hedge Funds Weigh In On World Acceptance
A number of hedge funds have recently made changes to their positions in WRLD. iSAM Funds UK Ltd acquired a new position in shares of World Acceptance in the 3rd quarter valued at $30,000. EverSource Wealth Advisors LLC raised its stake 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 valued at $34,000 after buying an additional 129 shares in the last quarter. Russell Investments Group Ltd. raised 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 valued at $56,000 after buying an additional 234 shares in the last quarter. Tower Research Capital LLC TRC raised 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 valued at $94,000 after buying an additional 289 shares in the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in shares of World Acceptance in the 3rd quarter valued at $138,000. Institutional investors and hedge funds own 83.63% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of World Acceptance in a research note on Friday, March 27th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, World Acceptance has an average rating of "Hold".
Check Out Our Latest Stock Analysis on WRLD
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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