World Acceptance Corporation (NASDAQ:WRLD - Get Free Report) insider Luke Umstetter sold 1,000 shares of the business's stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $181.66, for a total value of $181,660.00. Following the completion of the transaction, the insider directly owned 28,245 shares in the company, valued at $5,130,986.70. This represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
World Acceptance Stock Down 3.0%
Shares of NASDAQ:WRLD opened at $173.15 on Tuesday. The company has a market capitalization of $803.42 million, a price-to-earnings ratio of 23.46 and a beta of 1.19. The company has a debt-to-equity ratio of 1.26, a current ratio of 22.99 and a quick ratio of 22.99. The business's 50-day moving average is $154.97 and its 200-day moving average is $144.15. World Acceptance Corporation has a 1 year low of $110.00 and a 1 year high of $185.48.
World Acceptance (NASDAQ:WRLD - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The credit services provider reported $7.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $7.74 by ($0.04). The business had revenue of $164.31 million during 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 9.36%.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in WRLD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in World Acceptance by 4.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,044 shares of the credit services provider's stock worth $259,000 after buying an additional 78 shares during the period. Empowered Funds LLC raised its stake in World Acceptance by 4.1% during the 1st quarter. Empowered Funds LLC now owns 23,422 shares of the credit services provider's stock worth $2,964,000 after buying an additional 925 shares during the period. JPMorgan Chase & Co. raised its stake in World Acceptance by 16.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 28,651 shares of the credit services provider's stock worth $4,731,000 after buying an additional 4,092 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in World Acceptance by 23.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 26,865 shares of the credit services provider's stock worth $4,436,000 after buying an additional 5,025 shares during the period. Finally, First Trust Advisors LP raised its stake in World Acceptance by 0.8% during the 2nd quarter. First Trust Advisors LP now owns 10,600 shares of the credit services provider's stock worth $1,750,000 after buying an additional 82 shares during the period. 83.63% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a "hold (c)" rating on shares of World Acceptance in a research note on Friday, March 27th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of "Hold".
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About World Acceptance
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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.
Further Reading
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