World Acceptance Corporation (NASDAQ:WRLD - Get Free Report) insider John Calmes, Jr. sold 2,000 shares of the company's stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $186.00, for a total transaction of $372,000.00. Following the sale, the insider owned 48,334 shares in the company, valued at $8,990,124. This represents a 3.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
World Acceptance Stock Down 0.7%
Shares of NASDAQ:WRLD opened at $179.81 on Friday. The company has a market cap of $837.91 million, a price-to-earnings ratio of 21.25 and a beta of 1.13. World Acceptance Corporation has a 12 month low of $110.00 and a 12 month high of $227.68. The company has a current ratio of 13.49, a quick ratio of 22.99 and a debt-to-equity ratio of 1.29. The company has a 50-day moving average price of $186.20 and a 200 day moving average price of $155.28.
World Acceptance (NASDAQ:WRLD - Get Free Report) last issued its quarterly earnings data on Friday, July 24th. The credit services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $0.58 by $1.54. World Acceptance had a return on equity of 12.13% and a net margin of 6.71%.The company had revenue of $139.21 million for the quarter, compared to analysts' expectations of $143.90 million.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. Weiss Ratings reissued a "hold (c)" rating on shares of World Acceptance in a research report on Wednesday, June 24th. Wall Street Zen upgraded World Acceptance from a "hold" rating to a "buy" rating in a research report on Saturday, July 25th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold".
Get Our Latest Stock Report on World Acceptance
Institutional Investors Weigh In On World Acceptance
A number of institutional investors and hedge funds have recently bought and sold shares of WRLD. GAMMA Investing LLC lifted its holdings in shares of World Acceptance by 15.4% in the 2nd quarter. GAMMA Investing LLC now owns 548 shares of the credit services provider's stock worth $123,000 after buying an additional 73 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in World Acceptance by 4.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,044 shares of the credit services provider's stock valued at $259,000 after buying an additional 78 shares during the period. First Trust Advisors LP raised its stake in World Acceptance by 0.8% in the second 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 in the last quarter. Franklin Resources Inc. raised its stake in World Acceptance by 4.6% in the third quarter. Franklin Resources Inc. now owns 2,637 shares of the credit services provider's stock worth $446,000 after buying an additional 117 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings 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. 83.63% of the stock is owned by institutional investors.
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.
Further Reading
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