World Acceptance (NASDAQ:WRLD) Insider Sells $181,660.00 in Stock

World Acceptance Corporation (NASDAQ:WRLD) insider Luke Umstetter sold 1,000 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $181.66, for a total transaction of $181,660.00. Following the completion of the transaction, the insider directly owned 28,245 shares in the company, valued at approximately $5,130,986.70. This represents a 3.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

World Acceptance Stock Performance

Shares of WRLD stock opened at $173.40 on Thursday. The company’s fifty day simple moving average is $156.23 and its 200-day simple moving average is $144.40. World Acceptance Corporation has a 52 week low of $110.00 and a 52 week high of $185.48. The company has a current ratio of 22.99, a quick ratio of 22.99 and a debt-to-equity ratio of 1.26. The company has a market cap of $804.58 million, a PE ratio of 23.50 and a beta of 1.19.

World Acceptance (NASDAQ:WRLD) last issued its earnings results on Thursday, April 30th. The credit services provider reported $7.70 EPS for the quarter, missing analysts’ consensus estimates of $7.74 by ($0.04). World Acceptance had a net margin of 5.98% and a return on equity of 9.36%. The business had revenue of $164.31 million during the quarter, compared to analysts’ expectations of $168.40 million.

Institutional Investors Weigh In On World Acceptance

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in World Acceptance by 97.5% during the 1st quarter. Bank of America Corp DE now owns 20,545 shares of the credit services provider’s stock worth $2,774,000 after buying an additional 10,140 shares during the period. EverSource Wealth Advisors LLC increased its stake in World Acceptance by 102.4% during the 1st 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. Renaissance Technologies LLC increased its stake in World Acceptance by 4.9% during the 1st quarter. Renaissance Technologies LLC now owns 48,800 shares of the credit services provider’s stock worth $6,590,000 after buying an additional 2,300 shares during the period. Public Employees Retirement System of Ohio increased its stake in World Acceptance by 3,071.7% during the 1st quarter. Public Employees Retirement System of Ohio now owns 4,821 shares of the credit services provider’s stock worth $651,000 after buying an additional 4,669 shares during the period. Finally, Jennison Associates LLC purchased a new stake in World Acceptance during the 1st quarter worth $680,000. Hedge funds and other institutional investors own 83.63% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of World Acceptance in a research note on Friday, March 27th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, World Acceptance has a consensus rating of “Hold”.

World Acceptance Company Profile

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.