Insider Selling: World Acceptance (NASDAQ:WRLD) Director Sells $452,445.87 in Stock

World Acceptance Corporation (NASDAQ:WRLD) Director Benjamin Robinson III sold 2,031 shares of the stock in a transaction on Monday, June 29th. The shares were sold at an average price of $222.77, for a total value of $452,445.87. Following the sale, the director owned 4,836 shares of the company’s stock, valued at approximately $1,077,315.72. This represents a 29.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

World Acceptance Price Performance

World Acceptance stock opened at $207.98 on Friday. World Acceptance Corporation has a 1-year low of $110.00 and a 1-year high of $227.68. The business has a fifty day moving average price of $169.88 and a 200-day moving average price of $148.78. The company has a debt-to-equity ratio of 1.26, a current ratio of 22.99 and a quick ratio of 22.99. The stock has a market capitalization of $965.03 million, a price-to-earnings ratio of 28.18 and a beta of 1.13.

World Acceptance (NASDAQ:WRLD) last announced its earnings results on Thursday, April 30th. The credit services provider reported $7.70 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $168.40 million.

Hedge Funds Weigh In On World Acceptance

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Smith Thomas W acquired a new stake in World Acceptance during the 4th quarter worth about $10,894,000. Millennium Management LLC increased its holdings in shares of World Acceptance by 680.5% in the fourth quarter. Millennium Management LLC now owns 67,649 shares of the credit services provider’s stock valued at $9,497,000 after purchasing an additional 58,982 shares during the period. Jane Street Group LLC increased its holdings in shares of World Acceptance by 86.3% in the fourth quarter. Jane Street Group LLC now owns 44,301 shares of the credit services provider’s stock valued at $6,219,000 after purchasing an additional 20,520 shares during the period. Bridgeway Capital Management LLC raised its stake in shares of World Acceptance by 33.1% in the second quarter. Bridgeway Capital Management LLC now owns 57,928 shares of the credit services provider’s stock worth $9,565,000 after purchasing an additional 14,406 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of World Acceptance by 51.1% in the second quarter. AQR Capital Management LLC now owns 41,380 shares of the credit services provider’s stock worth $6,833,000 after purchasing an additional 13,999 shares during the last quarter. Hedge funds and other institutional investors own 83.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on WRLD shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of World Acceptance in a research report on Wednesday, June 24th. Wall Street Zen downgraded shares of World Acceptance from a “buy” rating to a “hold” rating in a research report on Sunday, June 28th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently 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.