World Acceptance (NASDAQ:WRLD) Insider Sells $25,000,120.31 in Stock

World Acceptance Corporation (NASDAQ:WRLD) insider Prescott General Partners Llc sold 133,199 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $187.69, for a total value of $25,000,120.31. Following the transaction, the insider owned 31,148 shares of the company’s stock, valued at approximately $5,846,168.12. The trade was a 81.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

World Acceptance Stock Down 0.5%

World Acceptance stock traded down $0.90 during midday trading on Tuesday, reaching $189.10. The stock had a trading volume of 58,373 shares, compared to its average volume of 134,267. The stock has a market capitalization of $881.21 million, a P/E ratio of 22.35 and a beta of 1.14. The firm’s fifty day simple moving average is $191.45 and its 200-day simple moving average is $159.43. The company has a debt-to-equity ratio of 1.29, a quick ratio of 13.49 and a current ratio of 13.49. World Acceptance Corporation has a 1-year low of $110.00 and a 1-year high of $227.68.

World Acceptance (NASDAQ:WRLD) last released its quarterly 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 firm had revenue of $127.79 million during the quarter, compared to the consensus estimate of $143.90 million.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of World Acceptance by 15.4% in the 2nd quarter. GAMMA Investing LLC now owns 548 shares of the credit services provider’s stock valued at $123,000 after purchasing an additional 73 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in World Acceptance by 4.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,044 shares of the credit services provider’s stock worth $259,000 after purchasing an additional 78 shares during the period. First Trust Advisors LP increased its position in World Acceptance by 0.8% during the second quarter. First Trust Advisors LP now owns 10,600 shares of the credit services provider’s stock worth $1,750,000 after buying an additional 82 shares during the last quarter. Franklin Resources Inc. increased its position in World Acceptance by 4.6% during the third quarter. Franklin Resources Inc. now owns 2,637 shares of the credit services provider’s stock worth $446,000 after buying an additional 117 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake 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 valued at $34,000 after buying an additional 129 shares during the period. Institutional investors own 83.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Wall Street Zen cut World Acceptance from a “strong-buy” rating to a “buy” rating in a report on Monday, August 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of World Acceptance in a report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, World Acceptance has an average rating of “Hold”.

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.