Insider Selling: World Acceptance (NASDAQ:WRLD) Insider Sells 347,064 Shares of Stock

World Acceptance Corporation (NASDAQ:WRLD) insider Prescott General Partners Llc sold 347,064 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $172.88, for a total transaction of $60,000,424.32. Following the sale, the insider directly owned 41,804 shares of the company’s stock, valued at approximately $7,227,075.52. This trade represents a 89.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

World Acceptance Stock Down 3.5%

WRLD opened at $166.08 on Thursday. The firm has a 50 day moving average price of $167.16 and a 200 day moving average price of $148.36. The company has a market cap of $905.14 million, a PE ratio of 11.21 and a beta of 1.28. World Acceptance Corporation has a 1 year low of $104.99 and a 1 year high of $177.25. The company has a debt-to-equity ratio of 1.10, a quick ratio of 17.83 and a current ratio of 17.83.

World Acceptance (NASDAQ:WRLD) last released its quarterly earnings results on Thursday, July 24th. The credit services provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $2.44 by ($2.19). The company had revenue of $132.45 million during the quarter, compared to analysts’ expectations of $122.38 million. World Acceptance had a return on equity of 18.95% and a net margin of 14.29%. Sell-side analysts expect that World Acceptance Corporation will post 14 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut World Acceptance from a “strong-buy” rating to a “hold” rating in a report on Saturday, July 26th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, World Acceptance presently has a consensus rating of “Hold” and a consensus target price of $10.00.

Hedge Funds Weigh In On World Acceptance

Institutional investors and hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of World Acceptance by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,966 shares of the credit services provider’s stock valued at $221,000 after buying an additional 76 shares during the last quarter. PDT Partners LLC boosted its stake in shares of World Acceptance by 1.6% during the 1st quarter. PDT Partners LLC now owns 4,894 shares of the credit services provider’s stock valued at $619,000 after buying an additional 78 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of World Acceptance by 0.8% during 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 last quarter. Comerica Bank boosted its stake in shares of World Acceptance by 3.8% during the 4th quarter. Comerica Bank now owns 2,513 shares of the credit services provider’s stock valued at $283,000 after buying an additional 93 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of World Acceptance by 2.9% during the 2nd quarter. Prudential Financial Inc. now owns 3,480 shares of the credit services provider’s stock valued at $575,000 after buying an additional 99 shares during the last quarter. Hedge funds and other institutional investors own 83.63% of the company’s stock.

About World Acceptance

World Acceptance Corporation engages in consumer finance business in the United States. The company provides short-term small installment loans, medium-term larger installment loans, related credit insurance, and ancillary products and services to individuals. It offers income tax return preparation and filing services; and automobile club memberships.