Key Points
- Prescott General Partners sold 133,199 World Acceptance shares at an average price of $187.69, generating approximately $25.0 million. The sale reduced its direct ownership by 81.05% to 31,148 shares.
- World Acceptance reported quarterly earnings of $2.12 per share, beating the $0.58 consensus estimate, while revenue of $127.79 million fell short of analysts’ $143.90 million forecast.
- WRLD shares opened at $189.10 and were recently down 0.5%; analysts maintain a consensus “Hold” rating, while institutional investors own 83.63% of the company.
World Acceptance Corporation (NASDAQ:WRLD - Get Free Report) insider Prescott General Partners Llc sold 133,199 shares of the firm's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $187.69, for a total value of $25,000,120.31. Following the sale, the insider directly owned 31,148 shares of the company's stock, valued at $5,846,168.12. This represents a 81.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
World Acceptance Trading Down 0.5%
WRLD stock opened at $189.10 on Wednesday. World Acceptance Corporation has a one year low of $110.00 and a one year high of $227.68. The stock has a market cap of $881.21 million, a price-to-earnings ratio of 22.35 and a beta of 1.14. The company has a fifty day moving average price of $191.84 and a two-hundred day moving average price of $159.95. The company has a debt-to-equity ratio of 1.29, a current ratio of 13.49 and a quick ratio of 13.49.
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, beating the consensus estimate of $0.58 by $1.54. The company had revenue of $127.79 million for the quarter, compared to analyst estimates of $143.90 million. World Acceptance had a net margin of 6.71% and a return on equity of 12.13%.
Institutional Investors Weigh In On World Acceptance
A number of institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio acquired a new position in shares of World Acceptance in the second quarter valued at about $1,239,000. JB Capital Partners LP bought a new stake in World Acceptance in the 2nd quarter valued at about $239,274,000. Bank of New York Mellon Corp bought a new stake in World Acceptance in the 2nd quarter valued at about $4,577,000. GAMMA Investing LLC grew its position in shares of World Acceptance by 15.4% during the 2nd quarter. GAMMA Investing LLC now owns 548 shares of the credit services provider's stock worth $123,000 after purchasing an additional 73 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of 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 purchasing an additional 10,140 shares during the period. Institutional investors own 83.63% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on WRLD shares. Wall Street Zen downgraded shares of World Acceptance from a "strong-buy" rating to a "buy" rating in a research report on Monday, August 10th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of World Acceptance in a research report on Wednesday, June 24th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of "Hold".
View Our Latest Research Report 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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