Key Points
- Prescott General Partners sold 88,324 World Acceptance shares at an average price of $169.83, generating approximately $15.0 million. Its remaining stake fell 10.73% to 735,012 shares.
- World Acceptance shares were down 6.5%, opening at $164.47, despite the company reporting quarterly EPS of $1.93—well above the $0.78 analyst consensus. Revenue of $139.21 million was slightly below estimates.
- Institutional investors own 83.63% of the company, while analysts maintain a consensus “Hold” rating on the stock.
World Acceptance Corporation (NASDAQ:WRLD - Get Free Report) Director Ken Bramlett, Jr. sold 3,797 shares of World Acceptance stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $176.95, for a total transaction of $671,879.15. Following the completion of the transaction, the director directly owned 28,408 shares in the company, valued at $5,026,795.60. This represents a 11.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
World Acceptance Stock Performance
Shares of WRLD opened at $164.47 on Friday. The company has a current ratio of 14.38, a quick ratio of 13.49 and a debt-to-equity ratio of 1.44. The firm has a market cap of $766.43 million, a PE ratio of 15.29 and a beta of 1.17. World Acceptance Corporation has a 12 month low of $110.00 and a 12 month high of $227.68. The stock has a fifty day moving average price of $178.65 and a 200-day moving average price of $163.44.
World Acceptance (NASDAQ:WRLD - Get Free Report) last announced its earnings results on Friday, October 23rd. The credit services provider reported $1.93 earnings per share for the quarter, topping the consensus estimate of $0.78 by $1.15. World Acceptance had a return on equity of 15.32% and a net margin of 8.45%. The firm had revenue of $139.21 million for the quarter, compared to the consensus estimate of $140.70 million. During the same period in the previous year, the business earned ($0.33) EPS. Equities research analysts predict that World Acceptance Corporation will post 13.18 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of WRLD. IFP Advisors Inc lifted its stake in World Acceptance by 158.7% during the 2nd quarter. IFP Advisors Inc now owns 119 shares of the credit services provider's stock valued at $27,000 after acquiring an additional 73 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of World Acceptance by 102.4% in the first quarter. EverSource Wealth Advisors LLC now owns 255 shares of the credit services provider's stock worth $34,000 after acquiring an additional 129 shares during the period. Allworth Financial LP increased its stake in shares of World Acceptance by 51.9% in the second quarter. Allworth Financial LP now owns 433 shares of the credit services provider's stock worth $97,000 after acquiring an additional 148 shares during the period. GAMMA Investing LLC increased its stake in shares of World Acceptance by 10.6% in the third quarter. GAMMA Investing LLC now owns 606 shares of the credit services provider's stock worth $103,000 after acquiring an additional 58 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of World Acceptance during the second quarter worth $184,000. 83.63% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on WRLD shares. Zacks Research upgraded shares of World Acceptance to a "hold" rating in a report on Monday, October 5th. 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. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of World Acceptance in a research report on Monday, September 21st. Two research analysts have rated the stock with a Hold rating. According to data from MarketBeat, World Acceptance presently has a consensus rating of "Hold".
Get Our Latest Stock Analysis on WRLD
World Acceptance Company Profile
(
Get Free Report)
World Acceptance Corporation is a consumer finance company that provides small-dollar personal installment loans and related financial services through its World Finance branch network and online channels. The company primarily serves consumers who may have limited access to traditional bank credit.
Its products and services generally include personal loans, tax return preparation and filing, and certain ancillary financial products. Loan proceeds may be used for expenses such as household needs, medical bills, automobile repairs, or other personal obligations, subject to applicable lending requirements.
Founded in 1962, World Acceptance is headquartered in Greenville, South Carolina.
Further Reading
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