Key Points
- World Acceptance SVP Alice Lindsay Caulder sold 609 shares on June 15 at an average price of $181.00, for proceeds of about $110,229. After the sale, she still held 14,682 shares, a 3.98% decrease in ownership.
- The stock was little changed, opening at $173.01 and trading near its 52-week high of $185.48. World Acceptance also has a market cap of about $802.77 million and a P/E ratio of 23.44.
- Recent earnings missed expectations, with Q1 EPS of $7.70 versus the $7.74 consensus and revenue of $164.31 million versus the expected $168.40 million. Despite that, institutional ownership remains high, with hedge funds and other investors holding 83.63% of the shares.
World Acceptance Corporation (NASDAQ:WRLD - Get Free Report) SVP Alice Lindsay Caulder sold 609 shares of the company's stock in a transaction on Monday, June 15th. The shares were sold at an average price of $181.00, for a total value of $110,229.00. Following the completion of the sale, the senior vice president owned 14,682 shares in the company, valued at $2,657,442. This represents a 3.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
World Acceptance Stock Down 0.1%
Shares of NASDAQ:WRLD opened at $173.01 on Wednesday. The company has a quick ratio of 22.99, a current ratio of 22.99 and a debt-to-equity ratio of 1.26. World Acceptance Corporation has a 52-week low of $110.00 and a 52-week high of $185.48. The stock's fifty day simple moving average is $155.64 and its 200-day simple moving average is $144.27. The company has a market capitalization of $802.77 million, a P/E ratio of 23.44 and a beta of 1.19.
World Acceptance (NASDAQ:WRLD - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The credit services provider reported $7.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.74 by ($0.04). World Acceptance had a net margin of 5.98% and a return on equity of 9.36%. The company had revenue of $164.31 million during the quarter, compared to analysts' expectations of $168.40 million.
Hedge Funds Weigh In On World Acceptance
Several large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its position in World Acceptance by 97.5% during the first quarter. Bank of America Corp DE now owns 20,545 shares of the credit services provider's stock worth $2,774,000 after buying an additional 10,140 shares during the period. EverSource Wealth Advisors LLC lifted its position in World Acceptance by 102.4% during the first quarter. EverSource Wealth Advisors LLC now owns 255 shares of the credit services provider's stock worth $34,000 after buying an additional 129 shares during the period. Renaissance Technologies LLC lifted its position in World Acceptance by 4.9% during the first quarter. Renaissance Technologies LLC now owns 48,800 shares of the credit services provider's stock worth $6,590,000 after buying an additional 2,300 shares during the period. Public Employees Retirement System of Ohio lifted its position in World Acceptance by 3,071.7% during the first quarter. Public Employees Retirement System of Ohio now owns 4,821 shares of the credit services provider's stock worth $651,000 after buying an additional 4,669 shares during the period. Finally, Jennison Associates LLC purchased a new position in World Acceptance during the first quarter worth about $680,000. 83.63% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated a "hold (c)" rating on shares of World Acceptance in a research report on Friday, March 27th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of "Hold".
Check Out Our Latest Analysis 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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