World Acceptance (NASDAQ:WRLD) Insider John Calmes, Jr. Sells 2,000 Shares of Stock

World Acceptance Corporation (NASDAQ:WRLD) insider John Calmes, Jr. sold 2,000 shares of the stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $186.00, for a total transaction of $372,000.00. Following the completion of the sale, the insider directly owned 48,334 shares of the company’s stock, valued at $8,990,124. This represents a 3.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

World Acceptance Stock Down 0.7%

Shares of WRLD stock opened at $179.81 on Friday. The company has a market capitalization of $837.91 million, a price-to-earnings ratio of 21.25 and a beta of 1.13. World Acceptance Corporation has a one year low of $110.00 and a one year high of $227.68. The company’s fifty day moving average price is $186.20 and its 200-day moving average price is $155.28. The company has a debt-to-equity ratio of 1.29, a current ratio of 13.49 and a quick ratio of 22.99.

World Acceptance (NASDAQ:WRLD) last released its earnings results on Friday, July 24th. The credit services provider reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $1.54. The company had revenue of $139.21 million for the quarter, compared to analysts’ expectations of $143.90 million. World Acceptance had a net margin of 6.71% and a return on equity of 12.13%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on WRLD shares. Weiss Ratings restated a “hold (c)” rating on shares of World Acceptance in a research report on Wednesday, June 24th. Wall Street Zen raised World Acceptance from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Institutional Trading of World Acceptance

A number of large investors have recently added to or reduced their stakes in WRLD. GAMMA Investing LLC boosted its position in shares of World Acceptance by 15.4% during the 2nd quarter. GAMMA Investing LLC now owns 548 shares of the credit services provider’s stock valued at $123,000 after acquiring an additional 73 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of World Acceptance by 97.5% in the first quarter. Bank of America Corp DE now owns 20,545 shares of the credit services provider’s stock valued at $2,774,000 after purchasing an additional 10,140 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in 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 during the last quarter. Renaissance Technologies LLC increased its position in World Acceptance by 4.9% in the first quarter. Renaissance Technologies LLC now owns 48,800 shares of the credit services provider’s stock worth $6,590,000 after purchasing an additional 2,300 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in World Acceptance by 3,071.7% during the first quarter. Public Employees Retirement System of Ohio now owns 4,821 shares of the credit services provider’s stock valued at $651,000 after purchasing an additional 4,669 shares in the last quarter. Institutional investors 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.