Jason Childers Sells 2,000 Shares of World Acceptance (NASDAQ:WRLD) Stock

World Acceptance Corporation (NASDAQ:WRLD) SVP Jason Childers sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $190.74, for a total value of $381,480.00. Following the completion of the sale, the senior vice president directly owned 12,799 shares of the company’s stock, valued at approximately $2,441,281.26. The trade was a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

World Acceptance Stock Performance

Shares of NASDAQ WRLD opened at $194.75 on Friday. The company has a current ratio of 13.49, a quick ratio of 13.49 and a debt-to-equity ratio of 1.29. World Acceptance Corporation has a 12 month low of $110.00 and a 12 month high of $227.68. The stock has a 50 day moving average of $191.06 and a 200-day moving average of $158.81. The company has a market capitalization of $907.53 million, a P/E ratio of 23.02 and a beta of 1.14.

World Acceptance (NASDAQ:WRLD) last posted its earnings results on Friday, July 24th. The credit services provider reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $1.54. World Acceptance had a return on equity of 12.13% and a net margin of 6.71%.The business had revenue of $127.79 million for the quarter, compared to analyst estimates of $143.90 million.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WRLD. Weiss Ratings reissued 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 “strong-buy” rating to a “buy” rating in a report on Monday, August 10th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, World Acceptance presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of World Acceptance by 4.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,044 shares of the credit services provider’s stock valued at $259,000 after buying an additional 78 shares in the last quarter. Empowered Funds LLC increased its stake in World Acceptance by 4.1% during the 1st quarter. Empowered Funds LLC now owns 23,422 shares of the credit services provider’s stock worth $2,964,000 after acquiring an additional 925 shares during the period. JPMorgan Chase & Co. increased its stake in World Acceptance by 16.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 28,651 shares of the credit services provider’s stock worth $4,731,000 after acquiring an additional 4,092 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in World Acceptance by 23.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 26,865 shares of the credit services provider’s stock valued at $4,436,000 after acquiring an additional 5,025 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in World Acceptance by 0.8% in 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 acquiring an additional 82 shares in the last quarter. Institutional investors and hedge funds own 83.63% of the company’s stock.

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.