Key Points
- World Acceptance SVP Jason Childers sold 2,000 shares at an average price of $190.74, generating $381,480 and reducing his direct ownership by 13.51% to 12,799 shares.
- WRLD shares opened at $187.69, with a market capitalization of approximately $874.6 million; the stock has traded between $110.00 and $227.68 over the past year.
- The company reported quarterly EPS of $2.12, substantially exceeding the $0.58 analyst consensus, although revenue of $127.79 million fell short of expectations. Institutional investors own 83.63% of the stock, while analysts have an overall “Hold” rating.
World Acceptance Corporation (NASDAQ:WRLD - Get Free Report) SVP Jason Childers sold 2,000 shares of the business's stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $190.74, for a total value of $381,480.00. Following the completion of the transaction, the senior vice president directly owned 12,799 shares of the company's stock, valued at approximately $2,441,281.26. This trade represents a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
World Acceptance Stock Down 1.0%
Shares of NASDAQ:WRLD opened at $187.69 on Friday. The company has a quick ratio of 13.49, a current ratio of 13.49 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $874.64 million, a P/E ratio of 22.19 and a beta of 1.14. World Acceptance Corporation has a 52-week low of $110.00 and a 52-week high of $227.68. The stock's fifty day simple moving average is $190.51 and its 200-day simple moving average is $158.56.
World Acceptance (NASDAQ:WRLD - Get Free Report) last posted its quarterly earnings data on Friday, July 24th. The credit services provider reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $1.54. World Acceptance had a return on equity of 12.13% and a net margin of 6.71%.The firm had revenue of $127.79 million during the quarter, compared to analysts' expectations of $143.90 million.
Institutional Investors Weigh In On World Acceptance
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in World Acceptance by 4.0% in 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 purchasing an additional 78 shares during the last quarter. Empowered Funds LLC lifted its position in World Acceptance by 4.1% during the first 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. boosted its stake in World Acceptance by 16.7% in 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 last quarter. Arrowstreet Capital Limited Partnership boosted its stake in World Acceptance by 23.0% in 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 last quarter. Finally, First Trust Advisors LP grew its holdings in World Acceptance by 0.8% in the 2nd quarter. First Trust Advisors LP now owns 10,600 shares of the credit services provider's stock valued at $1,750,000 after buying an additional 82 shares during the period. Hedge funds and other institutional investors own 83.63% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the stock. Wall Street Zen downgraded shares of World Acceptance from a "strong-buy" rating to a "buy" rating in a report on Monday. Weiss Ratings reissued a "hold (c)" rating on shares of World Acceptance in a research note on Wednesday, June 24th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, World Acceptance presently has an average rating of "Hold".
View Our Latest Stock Analysis on WRLD
World Acceptance Company Profile
(
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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