Insider Selling: World Acceptance (NASDAQ:WRLD) Director Sells $174,930.00 in Stock

World Acceptance Corporation (NASDAQ:WRLD) Director Charles Way sold 833 shares of the stock in a transaction on Friday, June 26th. The stock was sold at an average price of $210.00, for a total value of $174,930.00. Following the completion of the transaction, the director directly owned 13,562 shares of the company’s stock, valued at approximately $2,848,020. The trade was a 5.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

World Acceptance Stock Performance

Shares of NASDAQ WRLD traded up $6.53 during midday trading on Monday, reaching $220.29. 45,129 shares of the company traded hands, compared to its average volume of 136,488. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 29.81 and a beta of 1.19. The stock has a 50-day moving average price of $162.60 and a 200 day moving average price of $146.32. World Acceptance Corporation has a 52 week low of $110.00 and a 52 week high of $220.58. The company has a debt-to-equity ratio of 1.26, a current ratio of 22.99 and a quick ratio of 22.99.

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Wall Street Zen downgraded World Acceptance from a “buy” rating to a “hold” rating in a research report on Sunday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of World Acceptance in a research report on Wednesday. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Hedge Funds Weigh In On World Acceptance

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. iSAM Funds UK Ltd purchased a new stake in shares of World Acceptance in the third quarter valued at $30,000. EverSource Wealth Advisors LLC lifted its position 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 purchasing an additional 129 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of World Acceptance by 241.2% during the third quarter. Russell Investments Group Ltd. now owns 331 shares of the credit services provider’s stock worth $56,000 after purchasing an additional 234 shares during the period. Tower Research Capital LLC TRC grew its position in World Acceptance by 103.2% during the second quarter. Tower Research Capital LLC TRC now owns 569 shares of the credit services provider’s stock valued at $94,000 after purchasing an additional 289 shares in the last quarter. Finally, Aquatic Capital Management LLC purchased a new position in World Acceptance during the third quarter valued at approximately $138,000. Institutional investors and hedge funds own 83.63% of the company’s stock.

About World Acceptance

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.