World Acceptance (NASDAQ:WRLD) Shares Gap Down – What’s Next?

World Acceptance Corporation (NASDAQ:WRLD) gapped down before the market opened on Monday . The stock had previously closed at $219.46, but opened at $206.25. World Acceptance shares last traded at $209.2590, with a volume of 2,416 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on WRLD. Wall Street Zen downgraded World Acceptance from a “buy” rating to a “hold” rating in a report on Sunday, June 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of World Acceptance in a report on Wednesday, June 24th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

World Acceptance Price Performance

The company has a market capitalization of $945.40 million, a P/E ratio of 27.62 and a beta of 1.13. The company has a fifty day moving average price of $169.88 and a 200 day moving average price of $148.80. The company has a debt-to-equity ratio of 1.26, a current ratio of 22.99 and a quick ratio of 22.99.

World Acceptance (NASDAQ:WRLD) last released its quarterly earnings data on Thursday, April 30th. The credit services provider reported $7.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.74 by ($0.04). World Acceptance had a net margin of 5.98% and a return on equity of 9.36%. The company had revenue of $164.31 million for the quarter, compared to analyst estimates of $168.40 million.

Insider Activity

In other World Acceptance news, SVP Alice Lindsay Caulder sold 609 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $181.00, for a total transaction of $110,229.00. Following the completion of the transaction, the senior vice president directly owned 14,682 shares of the company’s stock, valued at $2,657,442. The trade was a 3.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Charles D. Way sold 833 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $225.00, for a total transaction of $187,425.00. Following the completion of the transaction, the director owned 12,729 shares of the company’s stock, valued at approximately $2,864,025. This trade represents a 6.14% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 5,576 shares of company stock valued at $1,149,890. 41.60% of the stock is owned by company insiders.

Institutional Trading of World Acceptance

Large investors have recently added to or reduced their stakes in the business. Smith Thomas W acquired a new position in World Acceptance during the 4th quarter worth $10,894,000. Millennium Management LLC increased its holdings in shares of World Acceptance by 680.5% during 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 raised its stake in shares of World Acceptance by 86.3% during 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 in the last quarter. Bridgeway Capital Management LLC raised its stake in shares of World Acceptance by 33.1% during the second quarter. Bridgeway Capital Management LLC now owns 57,928 shares of the credit services provider’s stock valued at $9,565,000 after purchasing an additional 14,406 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in 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 period. 83.63% of the stock is currently owned by institutional investors and hedge funds.

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.