World Acceptance (NASDAQ:WRLD) Director Benjamin Robinson III Sells 90 Shares of Stock

World Acceptance Corporation (NASDAQ:WRLD) Director Benjamin Robinson III sold 90 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $160.00, for a total transaction of $14,400.00. Following the completion of the sale, the director directly owned 4,836 shares of the company’s stock, valued at $773,760. This represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

World Acceptance Stock Performance

WRLD stock opened at $166.42 on Wednesday. The company has a quick ratio of 25.01, a current ratio of 25.01 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $822.11 million, a price-to-earnings ratio of 22.55 and a beta of 1.16. World Acceptance Corporation has a 12 month low of $110.00 and a 12 month high of $185.48. The firm has a 50 day moving average of $145.21 and a two-hundred day moving average of $141.02.

World Acceptance (NASDAQ:WRLD) last posted 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 business had revenue of $164.89 million during the quarter, compared to the consensus estimate of $168.40 million. World Acceptance had a return on equity of 9.17% and a net margin of 5.98%.

Institutional Trading of World Acceptance

A number of institutional investors and hedge funds have recently modified their holdings of WRLD. Smith Thomas W acquired a new stake in shares of World Acceptance in the fourth quarter worth $10,894,000. Millennium Management LLC lifted its stake 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 worth $9,497,000 after buying an additional 58,982 shares during the last quarter. Jane Street Group LLC lifted its stake 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 worth $6,219,000 after buying an additional 20,520 shares during the last quarter. Bridgeway Capital Management LLC lifted 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 buying an additional 14,406 shares during the last quarter. Finally, AQR Capital Management LLC lifted 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 buying an additional 13,999 shares during the last quarter. 83.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of World Acceptance in a research note on Friday, March 27th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus 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.